How’s the stock market?

[PRCD]

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"Tell me MOAR, Chimpi."




"Bro, dey FLIPPED DA SCRIPT on DA HOLE INDUSTRY."

( This is as big as E=MC^2).


These predictions aren't even yours - you get them from these Twitter guru goons () and pass them off as your own.

 

[PRCD]

Dump imo, there's nowhere for them to grow. They've already captured as much market share as they're ever going to

Reddit could also just be out of money which is why they need the IPO.

Almost all companies are unprofitable when they IPO

Data show that the majority of new companies coming to market are unprofitable when they IPO. Since the 1980s, unprofitable IPOs have risen from around 20% to 80% of the total IPOs each year (Chart 1).

Despite that, the average first-day return of unprofitable companies has on average exceeded the first-day return of profitable companies over the last 41 years. However, unprofitable companies have only had higher first-day returns in 17 of those 41 years (approximately 41% of the time).

https://www.nasdaq.com/articles/what-happens-to-ipos-over-the-long-run-2021-04-15

 

[r32]

RDDT is open and wow. Opened at 46 and popped right away to 57. Hell of a profit if you got in on IPO.

 

[Chocki]

And not even 20 days later, heartache turns to glee (if you held):

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Hats off to those who can handle the ups/downs...but if you're playing with other people's money, is it a little easier?

Hmmm, is there a pill that can reduce my empathy/sympathy I can take that doesn't have negative side effects? Would need to be stronger than a 3 martini lunch.

Oh, looks like MU did well with their quarterly report.

You jerk off? How many times a week?

 

[sussle]

RDDT is open and wow. Opened at 46 and popped right away to 57. Hell of a profit if you got in on IPO.

yup, wish i'd bought more than 50 shares. woulda, should, coulda. oh well, sold 30 shares at $55 and i'll let the other 20 shares run. love playing with house money

 

[Mr Doof]

You jerk off? How many times a week?

The empathy/sympathy reduction pill takes away the gallant reflex? If so, going to have pass.

But if you're making a point about me asking R32 about a public declaration, why not enquire how it goes? At best, we all gain some knowledge, at worst (for me anyway), he keeps mum and I get to wonder.

 

[r32]

Watching RDDT and studying it against COIN IPO.

COIN started at 400 and had a massive dump all the way down to 30. And now it's back up to 270. Completely different animal than Reddit, but hoping for a similar dump and pump.

 

[Chocki]

The empathy/sympathy reduction pill takes away the gallant reflex? If so, going to have pass.

But if you're making a point about me asking R32 about a public declaration, why not enquire how it goes? At best, we all gain some knowledge, at worst (for me anyway), he keeps mum and I get to wonder.

I jerk off at least twice a day. Once in the morning, right after I work out. And then once right after lunch. Pop off to the bathroom, work one out any time you can. When you get really good at it, you'll fucking be stroking and you'll be thinking about money.

 

[r32]

A bit of blood across the board this morning.

https://twitter.com/i/web/status/1771193479747473717

 

[r32]

LCID boosting EV stocks today with $1b new funding from Saudi investor Ayar.

Other stocks pumping too. All green in the first 30m.

Even RDDT is up 10%+ from 44 to 50.

 

[casa_mugrienta]

What does reddit produce that makes it worth money?

 

[sussle]

What does reddit produce that makes it worth money?

73,000,000 daily active unique views, among other things.
it's spelled out here:

Loading…

www.sec.gov

 

[sdsrfr]

73,000,000 daily active unique views, among other things.
it's spelled out here:

Loading…

www.sec.gov

So, users not yet alienated by monitization?

 

[sussle]

So, users not yet alienated by monitization?

well, much like here, there are some bitter dead-enders. but where else can they go?

 

[r32]

Market on fire today.
AI hype leading the way.
RDDT big pump for 30%.

 

[CutnSnip]

So, users not yet alienated by monitization?

it used to be monetized till not long ago. you could buy awards for people or something dumb like that. they got rid of it. i dont see the upside here, and im a user.

 

[r32]

wtf going on with Cocoa prices?

https://twitter.com/i/web/status/1772225987222311164

 

[grapedrink]

wtf going on with Cocoa prices?

https://twitter.com/i/web/status/1772225987222311164

Time to stoke up on Cooca Puffs COOCKOOO

 

[Chee-to]

COIN had a huge dump at the same time all other tech/fintech stocks and crypto did: from Nov 2021 through the Fed rate increases. COIN was especially hampered by the association with crypto, which went toxic and into winter after FTX fell apart.
Reddit has $800+ mm in revenue and basically no debt. It's not profitable, but that comes from sinking half its revenues into R&D and paying out its CEO an ungodly sum this last FY. It has two major avenues for money: ads, which it has struggled to monetize in relation to other social media platforms even though it has more active users, and data. Data is huge for Reddit. It's a repository of natural language writing on just about any subject that AI can mine, not to mention pictures and video; ChatGPT was essentially built of Reddit posts training it. Reddit has taken in about $200mm from AI data sales. Because Reddit is pseudonymous, it has a built in advantage for LLM training - it doesn't have GDPR PII compliance concerns to the same extent other social media platforms do. It's also, frankly, the best crowdsourced place to find answers to questions about subjects you're not an expert in, which drives more engagement.

I bought RDDT in the pre-IPO offering and may dump it soon for quick profit, but wouldn't be surprised to see it do well long term. If anything, I expect it to drop in May and again in six months when tranches of common stock lockups end.

 

[sussle]

It's also, frankly, the best crowdsourced place to find answers to questions about subjects you're not an expert in, which drives more engagement.

Yup, Reddit really has no competition for what it does. And the ads practically sell themselves - whether you make refrigerators or widgets, you are going to want to reach r/appliances or r/widgets or whatever.

I bought RDDT in the pre-IPO offering and may dump it soon for quick profit, but wouldn't be surprised to see it do well long term. If anything, I expect it to drop in May and again in six months when tranches of common stock lockups end.

the most negative things you hear about Reddit's prospects will generally come from somebody who got unfairly banned from a subreddit 6 years ago and is still mad at the mod who did it

I took a little profit and held a few shares back just to see, but I'm sure it's going to do fine in the long run. That being said, I can't see a reason for it to go any higher ATM until at least it has an earnings report. NFA, I'm usually wrong short-term.