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A lot of Redditors hate the Reddit IPO
(www.theverge.com)
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this post was submitted on 25 Feb 2024
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Technology
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It's going to be a dumpster fire. I think any savvy investor can see straight through it. Institutional investors are fucking sick of these trainwreck, unprofitable tech companies. The only people lining up for these IPO shares are going to be a few FOMO folks, the CNBC crowd, and other uneducated idiots that want in at the beginning plus (lol) all their power mods. All of whom are going to be left holding the bag following the first earnings call.