this post was submitted on 19 Jul 2023
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Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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But are investors this stupid? Who invests in an IPO without doing research on the company's activities? If they check the internet and it's countless articles about how their users and moderators are pissed and leaving, why would anyone think it's going to be profitable?
Yes. Look at the 2008 housing crash, and tell me average investors are intelligent.
They definitely do, check out WSB and Robinhood subs
Investors aren't great at seeing what makes or breaks a community. They just want to see how Reddit plans on profiting from the community.