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I will short the ever-loving shit out of that stock. This is a no brainer.
It’s a TERRIBLE investment. The business model is completely flawed and dependent upon assumptions that there will be only positive growth in the user base.
Google is going to use Reddit to train its AI. That software is going to immediately become a smug, whiny, racist, pedophile femboy.
I look forward to capitalizing on this completely predictable sunbaked diaper.
I've never shorted stock before, but I'm really tempted to start now. RDDT will become the inverse meme stock.
read up carefully. It is a strategy that can lose you more than you put in.
Better than a true "short" is to buy a put option on the stock for 100 shares. You buy a contract that lets you buy someone else shares at a lower price. If youre sure the stock is going to decrease, you pay a minor amount to make more money when it does.
You can then opt to exercise this and get cheap shares, or more likely, sell the put contract directly for profit.
You can also sell a call option that says you will provide 100 shares at a higher price. If you think the stock is going down, you will never have to actually fulfill this, so the money you made from selling the call is pure profit.
The positive with options is that they limit your losses if youre wrong, unlike shorting where technically your losses can be unlimited. Options are also easier to get into than shorts, which generally require specific brokers that have minimum account size.
The negative is that options are time limited. They last only a certain amount of time you specify when you buy. You can be 100% right about how the market will move, but if you get the timing wrong, you still lose money
I think this is what I had in mind when I said I would consider shorting RDDT. Gonna watch and see what happens with the IPO first, though.