lol nope! Roku's never turned a profit and their stock's already 175% above their IPO. A Reddit IPO would be an absolutely stupid long-term hold, but it'll be free dumb money short-term. Any time an IPO is a company that people recognize, let alone have a retarded emotional connection to, it's EZ money.
Not at all. I worked at a company pre-IPO. This was in 2000. They went public at $7. Went up to $12. Over the next few years it went down to $0.63. Then we got some more investors and had a reverse stock split (9:1) which made the stock go to $5. Then we had some good news. It went up 233% in one day! Then we had some more bad news. It went down to $7. Then we had some good news! Stock went to $14 and they sold some (dilution) to raise money) Then we had some more bad news :( Stock went down to $2. I left the company soon thereafter. 13 years after the IPO and the original investors (had they held on) would have lost 95% of their investment. They are still in business today. Never had a profit (although they did have some revenues). Once you are public you can issue shares and sell them on the open market to raise money. We went from 14 million shares to 120 million shares. Dilution is the solution/
If I were one of those super mods of like 7 default subs and dozens more regular ones, I'd try to put my life's savings into shorts and just putting all of the subs into private mode, or better yet, Nazi Mode
>tfw the AI startup where you work gets purchased by Reddit just so they can develop pattern recognition to prevent hello.jpg being plastered across r/all
Well golly, I wonder where all this investment money is coming from? I sure can't wait to see those financial records when reddit does go public, sure will be interesting to see if any political money is being spent here directly through reddit hq.
27 comments
1 DeepDickedHillybilly 2017-11-14
Don't you literally have to be at least somewhat profitable for a company to underwrite your IPO?
1 HodorTheDoorHolder 2017-11-14
No. See Twitter for example.
1 im-a-koala 2017-11-14
Or Snapchat.
1 AnnoysTheGoys 2017-11-14
lol nope! Roku's never turned a profit and their stock's already 175% above their IPO. A Reddit IPO would be an absolutely stupid long-term hold, but it'll be free dumb money short-term. Any time an IPO is a company that people recognize, let alone have a retarded emotional connection to, it's EZ money.
1 bareballzthebitch 2017-11-14
Not at all. I worked at a company pre-IPO. This was in 2000. They went public at $7. Went up to $12. Over the next few years it went down to $0.63. Then we got some more investors and had a reverse stock split (9:1) which made the stock go to $5. Then we had some good news. It went up 233% in one day! Then we had some more bad news. It went down to $7. Then we had some good news! Stock went to $14 and they sold some (dilution) to raise money) Then we had some more bad news :( Stock went down to $2. I left the company soon thereafter. 13 years after the IPO and the original investors (had they held on) would have lost 95% of their investment. They are still in business today. Never had a profit (although they did have some revenues). Once you are public you can issue shares and sell them on the open market to raise money. We went from 14 million shares to 120 million shares. Dilution is the solution/
1 i_eat_crayons1 2017-11-14
This reads like something a dictator would say
1 DeepDickedHillybilly 2017-11-14
There is pure, unadulterated, retardation in the comment section too that should not be missed.
That sentence actually made sense to someone (and 8 other apparent dumbshits that upvoted it).
1 AnnoysTheGoys 2017-11-14
FTFY
1 PM_ME_HAIRLESS_CATS 2017-11-14
Nah m8 it reads like something a T_D poster would say. We all know /u/spez is a primo Daddy shitposter
1 BigLordShiggot 2017-11-14
My goatse cannon is ready.
1 DeepDickedHillybilly 2017-11-14
I'm getting very excited in the pants at the thought of my shitposting adversely affecting shareholder's positions
1 i_eat_crayons1 2017-11-14
If I were one of those super mods of like 7 default subs and dozens more regular ones, I'd try to put my life's savings into shorts and just putting all of the subs into private mode, or better yet, Nazi Mode
1 DeepDickedHillybilly 2017-11-14
That would be so fucking hilarious. Can you imagine the earnings call?
"Revenues fell short of our Q1 forecasts as advertisers pulled out after /u/NiggerPenis closed his subreddits."
1 incineratechicken 2017-11-14
>tfw the AI startup where you work gets purchased by Reddit just so they can develop pattern recognition to prevent hello.jpg being plastered across r/all
1 BigLordShiggot 2017-11-14
Why anyone would try to create AI is beyond me. Like, hmm, let's write software to do shit I don't want anyone doing. Good plan.
1 IslamicStatePatriot 2017-11-14
This place would never turn a profit.
1 WarSanchez 2017-11-14
I thought renewable energies were profitable.
We have enough hot air in this website to power a trip to the next galaxy.
1 menvaren 2017-11-14
This will be hysterical.
1 labiolingual_trill 2017-11-14
What the fuck, what kind of idiot invests in this shithole?
1 PM_ME_HAIRLESS_CATS 2017-11-14
Jared Leto
Snoop Dogg
Sam Altman
1 PM_ME_HAIRLESS_CATS 2017-11-14
Yep the investors and board want out. Reddit's future looks really uncertain.
1 InspiringShitpost 2017-11-14
To the moon! /s
1 mynormieaccount 2017-11-14
LOL. inb4 all the shareblue / CTR money is disclosed.
1 PM_ME_HAIRLESS_CATS 2017-11-14
"Disclosed"
Nah mate they'll wrap it up under 'advertising' when really the source of the issue comes from unpaid user generated content.
1 wwyzzerdd 2017-11-14
INVEST IN PARTY PARROTS
1 aliceunknown 2017-11-14
Can I pay for my shares in upvotes or do they actually want real currency?
1 WeWuzKANG5 2017-11-14
Well golly, I wonder where all this investment money is coming from? I sure can't wait to see those financial records when reddit does go public, sure will be interesting to see if any political money is being spent here directly through reddit hq.