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

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 28 points 10 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 10 months ago (1 children)

And where does that money come from?

Honest question, I hate finances.

[–] [email protected] 12 points 10 months ago* (last edited 10 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 10 months ago (1 children)

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

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

Wait for dat citation... before accepting that rationalization

[–] [email protected] 1 points 10 months ago

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