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News@lemmy.world · 8 months ago

Reddit Opens Up 38%, as Shares Begin Trading

www.nytimes.com

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Reddit Opens Up 38%, as Shares Begin Trading

www.nytimes.com

bean@lemmy.world to

News@lemmy.world · 8 months ago

6

Reddit Rises 48% in First Day of Trading

www.nytimes.com

The social media company’s debut on the New York Stock Exchange was one of the first major tech initial public offerings of the year.

Reddit shares opened up about 38 percent on Thursday in their first day of trading, in a sign of investor eagerness that set the stage for more tech companies to reach the stock market this year.

Archive link: Reddit Opens Up 38%, as Shares Begin Trading

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bean@lemmy.worldOP
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8 months ago
What tech?? And eagerness for more? This feels like it will become a pump and dump.

Edit, addition: Why does The New York Times seem eager to suck Reddit’s dick. What the hell??
- Coach@lemmy.world
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  8 months ago
  It’s about to close even on the day. It pumped at open, then dumped until close. Should continue to dump for a while, so buy puts.

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