Reddit (RDDT) IPO this week (Wed/Thu)

Yea.. going back to I guess 2008, I loved reddit. Most everything on there was stuff that had already been hidden/controlled/deleted on mainstream internet sites. Back then you could search pretty much anything and find a unbiased answer. They kept it like an old school forum from early internet days.

Since, I guess, around Trump (maybe even before) there is NOTHING real or unbiased...it a total Bias, totally controlled by the internet police. If your post or comment is even the slightest bit away from their guided narrative...they will ban you immediately.

I plan to short the stock if there are any shares available. It will be a meme stock, so puts with probab;y be outrageously priced like all meme puts.

I think the only value in the company is the older forum pages for AI to scan and learn. But stock value wont see that. Principles will eat those contracts up with massive stock options and bonuses. I doubt there will be much advertising to speak of.

 

The RDDT stock has started trading and is about 45% higher...

 

Feels like 1999.....and I wasn't even old enough to trade then.

 

Interesting analysis of the IPO day:
https://finance.yahoo.com/news/why-reddit-stock-skyrocketed-ipo-210800893.html

 

%%
CHART looks more like RED-it, read that

 

"Cathie Wood's Ark funds buy Reddit stock on first day of trading — CNBC"

Sell!!!

 

She also invests in Elon Musk's currently private X Corp's Pre-IPO (Ex-Twitter):
See the table of the major holders/investors :
her just $1m investment makes just "0.00%" of the whole cake , as the table shows; she is at the last position.

 

Took 7 trading days to come back where it started on IPO day (lowest price). 45 to 74 to 45.

 

Reddit!

Why bother to climb up the mountain to 75?

Now you are back to 45; the place you started climbing.

You should have remained still and conserve your energy.

Anyway, as of now, the chart doesn't look bullish.

 

⚠️⚠️⚠️⚠️

Last week, Reddit CEO Steve Huffman and other top executives and board members disclosed share sales, just a week after the social network had its initial public offering.

Huffman sold 500,000 shares on March 25 at an average $32.30 price, receiving $16.15 million. CFO Vollero Andrew sold 71,765 Reddit shares for $2.318 million. Chief Operating Officer Jennifer Wong sold 514,000 shares for $16.602 million.

Chief Technology Officer Christopher Slowe sold 185,000 shares for $5.975 million. Chief Accounting Officer Michelle Reynolds sold 3,033 RDDT shares for $97,966. Board member David Habiger sold 3,000 shares for $102,000.


https://www.investors.com/research/reddit-stock-buy-rddt/?src=A00220