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Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years (www.forbes.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 28 points 8 months ago (1 children)

Yeah, this IPO will probably go just fine and a bunch of wankers will make a bunch of money. That's what it's all about, after all.

[–] [email protected] 10 points 8 months ago (1 children)

And where does that money come from?

Honest question, I hate finances.

[–] [email protected] 12 points 8 months ago* (last edited 8 months ago) (1 children)

Mostly from small people either tricked into buying the "new bitcoin/Nvidia/apple/... before it's to late or dumb people hyped by other dumb people into buying it. And if enough small people invested and the stock rises the big player collect the profit.

[–] [email protected] 3 points 8 months ago (1 children)

Yeah that was my expectation ... Thanks for the explanation

[–] [email protected] 1 points 8 months ago (1 children)

Wait for dat citation... before accepting that rationalization

[–] [email protected] 1 points 8 months ago

Yea, no I don't have time for anything besides confirmation bias