News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
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.
Except the stock market (and all the cultists who worship it) don't inhabit the same reality as the rest of us.
It doesn't matter if Reddit is a good investment or not- what matters is if Reddit feels like a good investment to those assholes. The market can remain irrational a lot longer than you can remain solvent.
"We are not profitable"
-Spez, certified jailbait aficionado
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.
Shorting an IPO isn't really available to most investors. Liquidity is super low and most brokerages won't be able to offer it for a while.
It's also pretty common in the short term for a stock to ipo and be trading below the ipo price for a few months, so there's lots of demand for shorts.
I also should learn how to short a stock.
I'll just stay poor rather than risk becoming part of the investor class.
I'm serious.
Do you have retirement savings? Welcome to the investor class.
No I do not. I'm part of the more 60% of American families that live paycheck to paycheck.
On top of what others have said keep in mind shorting isn't just you saying the stock will go down, it's you saying the stock will go down more than others think it will. Tbh I wouldn't even touch anything to do with shorting or options if I were you. It's incredibly risky and should only be done by people with more experience than you and I.
Absolutely correct. I played around with options several times during the height of the pandemic and lost over 99% of my investment. I think it was about 99.3%. It's straight up gambling.
Shorting a stock can result in you owing more than you've already spent. That's back alley gambling.
Keep in mind there are literally thousands of Redditors who have the same idea.
PUTS on RDDT! LFG!
you don't need to continue this bigoted line against queer people, intentional or not.
Are you actually serious?
If you read the whole thing, it's clearly supposed to be a mashup of different aspects of reddit.
I’m the original commenter.
While you found my intention to be pretty clear, I can also understand the responder’s concern.
I’ve never had to live my life being called a pedo because of my sexual or gender identity. It must be exhausting to have to constantly defend yourself against those awful accusations.
I can empathize with someone seeing those two words together and getting upset.
This is a wonderfully levelheaded response.
Except they didn't respond to the person who called them out, lol
Sometimes it's better to do it that way, to address a powderkeg comment downthread than directly respond to it.
You're not wrong, and maybe they should have initially responded to the person who called them out. But this whole conversation could've turned into a dumpster fire in a number of different ways.
I believe the response given was absolutely worth commending. It showed compassion and maturity - things that are all too often lacking in internet discourse.
"I'm sorry you were upset"
I cannot emphasise with a person too dim to understand context however
Apparently typing or saying the word is offensive? Lol