Current Events > What do you guys think about the Reddit IPO?

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Haejin
03/12/24 5:01:42 PM
#1:


https://gamefaqs.gamespot.com/a/forum/0/045a2163.jpg

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theAteam
03/12/24 5:03:45 PM
#2:


Idk supposedly they're sitting on a treasure trove of data for AI to draw from.

But they've literally never made a profit in the history of the company.

I went through the IPO process and maybe will buy shares but I am hesitant.

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Squall28
03/12/24 5:04:05 PM
#3:


I was considering it until I saw they aren't profitable.


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UnholyMudcrab
03/12/24 5:05:03 PM
#4:


Same as every other big tech IPO. Starts high, will crash and never recover, and then we get to laugh at people like this.

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AlephZero
03/12/24 8:33:28 PM
#5:


I'm going all in. I lost a lot of money on Binguscoin but I'm positive I can make it all back and more on reddit stock. My wife's boyfriend has an inside source that said it's going to POP.

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Bass
03/12/24 8:35:08 PM
#6:


IPOs are almost always losers. I would bet against reddit. I don't see them living up to their valuation.

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Jagr_68
03/12/24 8:46:03 PM
#7:


Not a fan of sours.

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Naysaspace
03/12/24 8:48:34 PM
#8:


like most tech IPOs it will probably bubble very quickly before sliding back. i expect 1st-day trading to take it up to like 50 bucks a share peak, before settling in the 40s.

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#9
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Back_Stabbath
03/12/24 8:50:36 PM
#10:


how tf does one of the most popular websites on the internet not make money

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ellis123
03/12/24 8:52:02 PM
#11:


Back_Stabbath posted...
how tf does one of the most popular websites on the internet not make money
Those two go hand and hand.

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CE_gonna_CE
03/12/24 8:54:39 PM
#12:


Its an IPO alright

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Tyranthraxus
03/12/24 9:13:39 PM
#13:


I'm gonna load up on puts

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pretzelcoatl
03/12/24 9:32:41 PM
#14:


I'm not touching it.

I kind of see where Google might want their data for models, though . Reddit has a decade of user to user interaction that's rated positively or negatively BY USERS, that seems hugely useful on a surface level. However, reddit is a scumsucking one-upmanship/karma farming cesspool where a lot of the interactions are centered around being as corny and jokey as possible for fake internet points; I don't see that being really representative of true human to human interaction and I have doubts about it's value as good training data.

Also, artist work gets posted on reddit without the permission of the artists all the time. Even if reddit claims in TOS that anything posted is fair game, it seems legally shakey that they actually have the right to monetize the works of others by offering their work up as AI training data.
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