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I will short the ever-loving shit out of that stock. This is a no brainer.
It’s a TERRIBLE investment. The business model is completely flawed and dependent upon assumptions that there will be only positive growth in the user base.
Google is going to use Reddit to train its AI. That software is going to immediately become a smug, whiny, racist, pedophile femboy.
I look forward to capitalizing on this completely predictable sunbaked diaper.
Except the stock market (and all the cultists who worship it) don't inhabit the same reality as the rest of us.
It doesn't matter if Reddit is a good investment or not- what matters is if Reddit feels like a good investment to those assholes. The market can remain irrational a lot longer than you can remain solvent.
It’s a TERRIBLE investment.
"We are not profitable"
-Spez, certified jailbait aficionado
I've never shorted stock before, but I'm really tempted to start now. RDDT will become the inverse meme stock.
read up carefully. It is a strategy that can lose you more than you put in.
Better than a true "short" is to buy a put option on the stock for 100 shares. You buy a contract that lets you buy someone else shares at a lower price. If youre sure the stock is going to decrease, you pay a minor amount to make more money when it does.
You can then opt to exercise this and get cheap shares, or more likely, sell the put contract directly for profit.
You can also sell a call option that says you will provide 100 shares at a higher price. If you think the stock is going down, you will never have to actually fulfill this, so the money you made from selling the call is pure profit.
The positive with options is that they limit your losses if youre wrong, unlike shorting where technically your losses can be unlimited. Options are also easier to get into than shorts, which generally require specific brokers that have minimum account size.
The negative is that options are time limited. They last only a certain amount of time you specify when you buy. You can be 100% right about how the market will move, but if you get the timing wrong, you still lose money
Shorting an IPO isn't really available to most investors. Liquidity is super low and most brokerages won't be able to offer it for a while.
I also should learn how to short a stock.
I'll just stay poor rather than risk becoming part of the investor class.
I'm serious.
On top of what others have said keep in mind shorting isn't just you saying the stock will go down, it's you saying the stock will go down more than others think it will. Tbh I wouldn't even touch anything to do with shorting or options if I were you. It's incredibly risky and should only be done by people with more experience than you and I.
pedophile femboy
you don't need to continue this bigoted line against queer people, intentional or not.
Are you actually serious?
If you read the whole thing, it's clearly supposed to be a mashup of different aspects of reddit.
I’m the original commenter.
While you found my intention to be pretty clear, I can also understand the responder’s concern.
I’ve never had to live my life being called a pedo because of my sexual or gender identity. It must be exhausting to have to constantly defend yourself against those awful accusations.
I can empathize with someone seeing those two words together and getting upset.
Apparently typing or saying the word is offensive? Lol
PUTS on RDDT! LFG!
The big question, of course, is what can we do to help make sure it tanks?
I don't think we have to make sure.
Spez doesn't care. He's made his money. Reddit can just die as far as he is concerned.
And neither he nor anyone else there seems to be interested in improving the user experience.
Make sure what tanks? The IPO for reddit? The website whose CEO was a moderator on r/jailbait, the community for sexualizing minors?
The website whose CEO was a moderator on r/jailbait, the community for sexualizing minors?
I thoroughly dislike spez, and I think there are a lot of reasons to be critical of him, but this isn't one of them. He was made a moderator of /r/jailbait at a time when people could be added as moderators without being notified or needing to accept any kind of invitation.
I'd rather see him criticised for the many awful things he's said and done over the years than for some non-reason like that.
Cool, now explain away his decision to make a custom award specifically for the main mod of jailbait.
Also, fuck no I'm not giving him the benefit of the doubt over his own jailbait moderator status. No way he and the rest of the staff were not aware of that at any time.
I'm pretty sure they won't need any help with that.
If you think it’ll tank, you’re just as deluded as the people that came here in the Exodus (myself included) who think Reddit is dying.
The vast majority of people still use it and it will make money.
Edit: Just look at how pretty much all the largest corporations can treat their customers and still make money. Reddit will force ads down everyone’s throats and sure some will leave, but the vast majority done care. Also, you have to factor in selling data for AI and and targeted ads etc.
You post that take on myspace too?
Nah Tom got the bag and dipped. Legend.
If you haven't, peep his Instagram.
Dude just travels and takes epic photos. Living is best life.
I find it really hard to hate Myspace Tom. He's very rich, he's worth $70 million. He didn't try to maximize that into $700 million or over a billion, stepping on everyone he could along the way. He just made a website a lot of people enjoyed, ended up making a decent chunk of personal income from selling it, and then just spent the next 20 years just seeing the world and taking photos.
As far as I know, he isn't giving millions to the Sierra Club or whatever, but as far as people that rich go, he seems like he's as not-evil as possible.
Reddit has never been profitable and I don't see a reason why it would change now all of a sudden.
As sad as it is I think you're right. The same was said about facebook and even though they had a bumpy road it's bigger than ever before. Nothing being sold at the stock market follows any logical rules, it's so much emotion that sells stuff. And as long as it makes money, nobody cares about racism or pedophilia or any other bad thing. I thought that's why we hate capitalism that much.
Interesting. Today Reddit sent a new TOS letter to an old email address (I don't have any Reddit accounts because fuck u/spez). The username it referenced was created today. I've never used this address with Reddit and don't have any confirmation emails in my box or spam indicating someone else tried to create this account. I changed the password and deleted the account, but I have to wonder if they might be trying to boost their subscriber numbers for an IPO.
Yeah, I just had an email inviting me to participate in the IPO. I'm not a US resident though so that won't be happening.
Good for them. They can get fucked.
Don’t you usually get to black before the IPO? We’re not really in growth stock rates these days.
There was another article today about them getting a contract from Google to train their AI on their content for millions a month. This should close the gap and lead to a possibly positive year for the first time ever this year.
They saw a 20% increase in revenue, likely due to consolidating people on their app, getting them the ad revenue boost. That impact is only a little over 6 months old. I'm curious what a year looks like.
The article I read said that Google will be paying 60 million dollars per year, so that still leaves them 30 million in the red considering the 90 million net loss of 2023.
The last DDT went pretty well right?
I got the “do you want to hold the bag” email.
I will laugh like a hyena if they Facebook their IPO.
4chan IPO when