this post was submitted on 07 Jan 2024
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Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

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[–] zcd@lemmy.ca 11 points 1 year ago (2 children)

What a little shitbaby, that IPO is going to be worse than Robinhood’s

[–] NoIWontPickaName@kbin.social 11 points 1 year ago

Have we tried pulling a Twitter on this shit and seeing how many ads come up next to controversial Concepts yet?

I don't think it would take many of them to take this motherfucker

[–] KingThrillgore@lemmy.ml 10 points 1 year ago

They filed for IPO in December 2021. Its taken them THIS long. The competent management didn't leave the building, they were never there.

[–] SteefLem@lemmy.world 10 points 1 year ago (1 children)

Well for me im gonna short the shit outta that ipo :)

[–] airportline@lemmy.ml 7 points 1 year ago* (last edited 1 year ago) (3 children)

Do not do this unless you're prepared to lose money

[–] MrFunnyMoustache@lemmy.ml 12 points 1 year ago (5 children)

Exactly. Shorting is way riskier than people think. If I bought a stock for $10, the most I can lose is $10; if I short a $10 stock and the stock booms, there is no theoretical limit to how much I could lose, because at the end of the day I would be required to buy that stock even if it went up 1000000%.

The only reason some groups can afford to short stocks is because they expect government bailout if they screw up.

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[–] RizzRustbolt@lemmy.world 4 points 1 year ago

Third time's the charm?

[–] MonkderZweite@feddit.ch 4 points 1 year ago (7 children)
[–] sus@programming.dev 7 points 1 year ago* (last edited 1 year ago)

initial public offering aka the company goes on the stock market

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