Reddit power users balk at chance to participate in IPO as Wall Street debut nears

return2ozma@lemmy.world to Technology@lemmy.world – 397 points –
Reddit power users balk at chance to participate in IPO as Wall Street debut nears
cnbc.com
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My expectation is that a lot of people will at the least buy in at the start due to the amount of publicity, then sell off after the initial rush.

There might be an early short squeeze that could make this pay off. I predict that this one will be very unpredictable.

$34 a share is just a cash grab I think, it's gonna gonna tank immediately I believe but we will see what happens!

Seems like just another opportunity to take a bunch of money from the poors while promising them riches.