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submitted 8 months ago by athos77@kbin.social to c/reddit@lemmy.world

[...] a dearth of profit this late into its existence portends the lack of a real business model, suggesting it’s still not ready for public company life.

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[-] Blaze@reddthat.com 28 points 8 months ago

Thanks for sharing.

But investors then will be buying Reddit on a leap of faith, rather than old-fashioned discipline.

Hopefully they won't

[-] Fapper_McFapper@lemmy.world 17 points 8 months ago

I don’t know many investors but the ones I do know would never take a leap of faith like this. This is almost guaranteed money loss. Maybe Steve is fighting against the 1% in his own way. God bless you Huffman, god bless you.

[-] athos77@kbin.social 22 points 8 months ago

He wants the money for his doomsday bunker.

[-] Buddahriffic@lemmy.world 10 points 8 months ago

It wouldn't surprise me if Reddit's own popular investment sub changes their stance on short selling for this one stock. I'm not sure what it's been like since the exodusish, but when I was still on there the Reddit IPO was treated as a joke.

[-] xor@infosec.pub 6 points 8 months ago

nah, we already had the dotcom bubble...

[-] Deceptichum@kbin.social 15 points 8 months ago

We've had one yes. What about second dotcom bubble?

[-] MxM111@kbin.social 7 points 8 months ago

And then some helpings?

this post was submitted on 08 Feb 2024
114 points (96.7% liked)

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