this post was submitted on 21 Mar 2024
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Reddit shares opened up about 38 percent on Thursday in their first day of trading, in a sign of investor eagerness that set the stage for more tech companies to reach the stock market this year.

Archive link: Reddit Opens Up 38%, as Shares Begin Trading

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[–] [email protected] 47 points 8 months ago* (last edited 7 months ago) (3 children)

What tech?? And eagerness for more? This feels like it will become a pump and dump.

Edit, addition: Why does The New York Times seem eager to suck Reddit’s dick. What the hell??

[–] [email protected] 4 points 7 months ago

Spez sank the ship and now he's trying to sell the cargo before people ask where, exactly, it is.

[–] [email protected] 11 points 8 months ago

It's about to close even on the day. It pumped at open, then dumped until close. Should continue to dump for a while, so buy puts.

[–] [email protected] 17 points 8 months ago