Worth it? I'm leaning towards 'not worth risking it' since I don't have a real sense of the long term value of the company, so the only thing would be trying to get in on the 'pop'.
have you ever seen an IPO not plummet immediately after opening? serious question, i wouldn't call myself an experienced investor but i never have. i wouldn't touch any IPO with a 10ft pole, especially not a company like reddit who has publicly admitted to not being profitable.
Sometimes they go up because it 'looks good' to have them do that. Seems like really expensive advertising for the company to me to leave money on the table like that, but it is a done thing.
It's fairly common to 'pop', I would have said somewhat more common than a plummet (at least for real IPOs of real companies, ie not SPAC mergers or similar nonsense).
Reddit is a lot of things, but not what I think of as a tech company. It's occupies a virtual space somewhere between a library and a conference center.
One has to wonder how valuable that data will be going forward as many power users have left the site and the posts/comments are filling up with more AI-generated nonsense.
