SNOOcalypse - document, discuss, and promote the downfall of Reddit.

4674 readers

1 users here now

SNOOcalypse is closing down. If you wish to talk about Reddit, check out [email protected], [email protected] and [email protected].

This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!

When sharing links, please also share an archived version of the target of your link.

Rules:

Follow lemmy.ml's global rules and code of conduct.
Keep it on-topic.
Don't promote illegal stuff here.
Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
Have fun, and enjoy the popcorn! 🍿

founded 2 years ago

MODERATORS

[email protected]

476

In unsurprising news, Reddit prepares IPO (www.businessinsider.com)

submitted 10 months ago by [email protected] to c/[email protected]

179 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 38 points 10 months ago

For pedantry, because everyone loves it, there's actually a difference between a short sale and a put.

A short sale is when you "borrow" the stock, and sell it at the current price, and then later you buy them back. Instead of "buy low sell high", you "sell high buy low".
A put is when you buy the right to sell something at a given price at a given date.

Both are ways of predicting that the price will go down, along with selling a call, which means you might be obligated to sell at a certain price later.

Shorting gives you cash today, and then you pay interest on the borrowed stock.
Buying a put costs a fixed amount today, and might be profitable later if the cost decreased.
Selling a call yields a fixed amount of money today, and might cost money later.