this post was submitted on 04 Feb 2024
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Reddit chooses New York Stock Exchange for long-stalled IPO (www.ft.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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Reddit chooses New York Stock Exchange for long-stalled IPO::Social media platform’s valuation is expected to have tumbled from $10bn in 2021

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[–] Radicaldog@lemmy.world 8 points 2 years 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.