Reddit (RDDT) IPO this week (Wed/Thu)

Everything you said is so spot on. I think the 2014-2016 era was great at Reddit. After Trump got elected the leftists really got pissed and banned everything they could.

The old r/WSB was the best but the 2020-2021 meme YOLO stonks era was annoying. WSB is still pretty good for comedy. The 2022 NASDAQ crash created a lot of great comedy from the previous YOLO crowd like the deepfakes of Powell saying "Fuck your calls/puts".

r/politics became shitshow after the "Blue check" crowd took over during the 2016 primaries. I remember it was mainly BernieBros who posted stuff in 2015-16 before the "I'm with Hillary" crowd took over. Today it is a real disaster. It's a 24/7 anti-Trump crusade. ET's politics section is much more balanced in comparison.

Yea.. going back to I guess 2008, I loved reddit. Most everything on there was stuff that had already been hidden/controlled/deleted on mainstream internet sites. Back then you could search pretty much anything and find a unbiased answer. They kept it like an old school forum from early internet days.

Since, I guess, around Trump (maybe even before) there is NOTHING real or unbiased...it a total Bias, totally controlled by the internet police. If your post or comment is even the slightest bit away from their guided narrative...they will ban you immediately.

I plan to short the stock if there are any shares available. It will be a meme stock, so puts with probab;y be outrageously priced like all meme puts.

I think the only value in the company is the older forum pages for AI to scan and learn. But stock value wont see that. Principles will eat those contracts up with massive stock options and bonuses. I doubt there will be much advertising to speak of.
 
Reddit Announces Pricing of Initial Public Offering
https://finance.yahoo.com/news/reddit-announces-pricing-initial-public-214500275.html
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SAN FRANCISCO, March 20, 2024--(BUSINESS WIRE)--Reddit, Inc. ("Reddit") today announced the pricing of its initial public offering of an aggregate 22,000,000 shares of its Class A common stock, 15,276,527 of which are being sold by Reddit and 6,723,473 of which are being sold by certain selling stockholders, at a public offering price of $34 per share.
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CHART looks more like RED-it, read that:D:D
 
Reddit!

Why bother to climb up the mountain to 75?

Now you are back to 45; the place you started climbing.

You should have remained still and conserve your energy.

Anyway, as of now, the chart doesn't look bullish.
 
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Last week, Reddit CEO Steve Huffman and other top executives and board members disclosed share sales, just a week after the social network had its initial public offering.

Huffman sold 500,000 shares on March 25 at an average $32.30 price, receiving $16.15 million. CFO Vollero Andrew sold 71,765 Reddit shares for $2.318 million. Chief Operating Officer Jennifer Wong sold 514,000 shares for $16.602 million.

Chief Technology Officer Christopher Slowe sold 185,000 shares for $5.975 million. Chief Accounting Officer Michelle Reynolds sold 3,033 RDDT shares for $97,966. Board member David Habiger sold 3,000 shares for $102,000.


https://www.investors.com/research/reddit-stock-buy-rddt/?src=A00220
 
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