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A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock. (www.theverge.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.::Reddit seems like a likely candidate for a meme stock. But the actual reaction suggests that r/WallStreetBets isn’t going to send the stock to the moon.

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[–] therealjcdenton@lemmy.zip 19 points 1 year ago (15 children)

What's an IPO?

[–] FrankTheHealer@lemmy.world 37 points 1 year ago (5 children)

Company goes on the stock market so anyone can buy stock in that company.

Usually means that said company makes a ton of money but also have to keep these new investors happy and make the company more profitable. Can often lead to enshitification.

[–] Mathmango@lemmy.world 18 points 1 year ago

Has always led to enshittification

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