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In its IPO documents, Reddit said the price and volume of its stock could “experience extreme volatility for reasons unrelated to our underlying business.”
The guys organizing the ipo will become very very rich even if it tanks later. They sell for their price. Afterwards, it tanks.
They’re already rich. You’re not going to make them poorer either way.
On the other hand, it will make spez look like a big fool, which I will enjoy.
I’ll take my schadenfreude where I can get it.