• jayandp@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    5
    ·
    1 year ago

    I really hope the IPO bombs just to spite all the people, including Spez, that drove Reddit into the ground.

    • MerliSYD@lemmy.one
      link
      fedilink
      English
      arrow-up
      4
      ·
      1 year ago

      The problem is that if the IPO bombs, it’s the public investors that will lose money, as fuck u/spez and other shareholders will have dumped their steaming pile of shit shares onto the market from the start to reduce their shareholding and cash in.

      • givesomefucks@lemmy.world
        link
        fedilink
        English
        arrow-up
        4
        ·
        1 year ago

        When people say that, they don’t mean they hope it bombs after the IPO…

        They mean they hope It bombs before the sale so Huffman and the others with a stake don’t make much money

        Anyone that buys the stock after the IPO would get a lower price.

      • driving_crooner@lemmy.eco.br
        link
        fedilink
        English
        arrow-up
        3
        ·
        1 year ago

        It would be the Institucional investors that have the opportunity to buy before the share is open in the market. After that is fair game to anyone stupid enough to buy it.