cygnus to SNOOcalypse - document, discuss, and promote the downfall of Reddit.@lemmy.mlEnglish · 11 months ago
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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.
How does that work? You buy at $100 a share but if it increases to $200 a share you somehow lose money? That’s a strange layer to the stock market. Please explain.