Reddit chooses New York Stock Exchange for long-stalled IPO::Social media platform’s valuation is expected to have tumbled from $10bn in 2021

    • modifier@lemmy.ca
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      10 months ago

      You need to signal your willingness to ruin it if you want Wall Street to take you seriously.

    • bionicjoey@lemmy.ca
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      10 months ago

      Shorting is very risky and shouldn’t be done solely because you don’t like a company. Spez isn’t going to care that you shorted his stock when you get margin called.

      If you are bearish on Reddit at least do something with a risk floor like selling ITM Covered Calls. Not financial advice, just my 2c.

    • Radical Dog@lemmy.world
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      10 months ago

      Kinda crap advice for novices, as shorting means uncapped losses if you’re wrong. You’d have to be very confident other people are making a mistake, as other investors may not worry that power users no longer like Reddit, and stock could still go up.

    • PatFusty@lemm.ee
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      10 months ago

      Lemmy not being able to Garner more members is an indication that a reddit is only growing. I would happily sell you short positions