1y ago

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28 comments

Personally I'd support the people hosting the instance you like
They do a lot of work hosting the sever which is very much not free
I'd short reddit stock if anything
- I think a thing to keep in mind is that Reddit is no longer for us, which means it will probably be profitable finally.
- Easy money
- Yeah if anyone thinks this is a good investment, I have an iceberg to sell you
I guaran-fucking-tee that stock will crash as soon as IPO starts.
- I feel like a lot of people wanna short it out of spite and a whale is gonna squeeze them out with a big buy like 2 weeks into trading. If puts are cheap I might grab one just for fun. It'm curious to see how WSB plays it.
  
  It’m curious to see how WSB plays it.
  Same
- Maybe, but I think it'll take a bit longer. Reddit'll be given some artificial value, then the initial stock will be flogged at 80% of that to make people think they're getting a good deal, so loads of people will buy it, then the price'll shoot up, so loads more people will buy that; meanwhile Spez'll cash out his billions then when the true value of Reddit is realised there'll be a "correction" - i.e. a crash, and the last bunch of suckers to buy will be sitting on a huge loss that'll take years to recover from as it slowly inches back up by a couple of percent a year.
  
  Man, I can't wait
I’m doing my part!
- Do it for Dale
hi im new to stocks, how do I short Reddit's shares?
- But puts
I was curious what it would take, and they asked for my real name to be associated with my username. That might be a bridge too far.
And instance admins!
- And front-end app creators!
Dale would've had his own lemmy instance.
Subscribe for a monthly donation and take this shitpost all the way to the top! 🔝
Shout out to Dale
- The Intimidator
https://join-lemmy.org/donate
It would be nice to have a "patreon" like monthy support and then an open accounting - so we know the money is split to development, instance server hosting costs and maybe admin wages. Or maybe can vote on it. I think fediverse is only the first step, we're going to need some kind of global non profit funded by users to create federated software and content for users.
Take dividends and donate them to Fediverse servers. As your enemy gets stronger, so do you.
- Not all stocks issue dividends, and even then only profitable companies issue dividends.
  Reddit has NEVER been profitable
- Bold of you to assume reddit will be paying dividends

28 comments