Shares of social forum giant Reddit opened Thursday at $47 per share, then quickly soared to around $55, up about 60% in heavy volume from its IPO price of $34 per share. It bounced around before stabilizing at around $50 a share. The company had indicated a target range of $31 to $34 per share in the run-up to its public-market debut, eventually settling on the top-end of that interval. The peak share price as of the writing of this post was $57.80, though prices are, at the moment, a couple of dollars cooler, and a few percentage points down, from that price.
A blog by a "sucker" and a "loser" who served her country in the Navy.
If you're one of the Covidiots who believe that COVID-19 is "just the flu",
that the 2020 election was stolen, or
especially if you supported the 1/6/21 insurrection,
leave now.
Slava Ukraini!
Thursday, March 21, 2024
Don't Worry. Some Billionaire With a Bad Case of Butthurt Will Buy Reddit and Run It Into the Ground
3 comments:
House Rules #1, #2 and #6 apply to all comments. Rule #3 also applies to political comments.
In short, don't be a jackass. THIS MEANS YOU!
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All comments must be on point and address either the points raised in the blog post or points raised by commenters in response.
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中國詞不評論，冒抹除的風險。僅英語。
COMMENT MODERATION IS IN EFFECT UFN. This means that if you are an insulting dick, nobody will ever see it.
Guess I'm going to get some more free time when the Orcs take over.
ReplyDeleteReally a slap in the face of their unpaid moderators, to be sold like that.
ReplyDeleteIt does seem that nothing lasts.
Not social media sites, not specific technology, not civilizations.
Not even oneself!
I'd rather see a Mastodon-type decentralized replacement for reddit, but we'll see what grows.
“Every great cause begins as a movement, becomes a business, and eventually degenerates into a racket.”
ReplyDeleteEric Hoffer