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

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Clbull@lemmy.world
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TORFdot0@lemmy.world
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Why would anyone give money to a business who has never ran in the black after 20 years? Just set your money on fire instead

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Ghostalmedia@lemmy.world
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Dumb people are going to see headlines about “AI” and “the first social media IPO in a long time,” and they’re going fork over money. Also speculators are going to buy after they speculate that other speculators are going to buy speculatively.

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butterflyattack@lemmy.world
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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.

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WallEx@feddit.de
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And where does that money come from?

Honest question, I hate finances.

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