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Reddit guides IPO may price at top of range or above, source says (finance.yahoo.com)
submitted 2 years ago by to c/technology@lemmy.world
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Get your shorts ready, this will be very interesting to follow. Seems like the stock will appear tomorrow already?

I fully expect a nosedive in stock price but who knows. Maybe a pump and dump.

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[–] 12 points 2 years ago (1 child)

Which would be good considering they can’t make a profit. Although, I wonder how that makes them worth anything. The intricacies of legalized gambling and money laundering escapes me.

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  • [–] 2 points 2 years ago (2 children)

    They're making money. It's just not a really high amount.

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  • [–] 4 points 2 years ago (1 child)

    Source? All the ones I can find say they're still losing money. 800M in revenue but 940M in expenses for 2023. https://www.marketwatch.com/amp/story/reddits-ipo-raises-questions-about-profitability-heres-how-it-makes-money-01f73f04

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  • [–] 4 points 2 years ago* (last edited 2 years ago) (1 child)
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