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$Magic Empire Global (MEGL.US)$ if this drops below $10 I'm taking my losses & moving elsewhere.
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The Reddit IPO could come early next year with a $15 billion valuation, Insider previously reported. In August, the site earned a $10 billion valuation from a private fundraise with Fidelity Investments.
Reddit is vying for a spot in the meme stock leagues as it seeks to attract its own users - the same ones who have driven $GameStop (GME.US)$ and $AMC Entertainment (AMC.US)$ to record highs - to its initial public offering.
I want our users to be shareholders, and I want our shareholders to be users."
—— CEO Steve Huffman said.
On Reddit, users are anonymous and band together on various so-called subreddits to discuss topics of interest. The site attracted millions of users to one subreddit alone during the COVID-19 pandemic: r/wallstreetbets.
On the thread, an army of retail traders joined together to drive massive rallies in shares of struggling companies, including GameStop, AMC, and $BlackBerry (BB.US)$, among others, in January. Other retail investing threads have since proliferated like as r/Superstonk and r/amcstock, which have 653,000 and 435,000 users, respectively.
Mooers, are you a Reddit user and would you invest in Reddit?
Reddit is vying for a spot in the meme stock leagues as it seeks to attract its own users - the same ones who have driven $GameStop (GME.US)$ and $AMC Entertainment (AMC.US)$ to record highs - to its initial public offering.
I want our users to be shareholders, and I want our shareholders to be users."
—— CEO Steve Huffman said.
On Reddit, users are anonymous and band together on various so-called subreddits to discuss topics of interest. The site attracted millions of users to one subreddit alone during the COVID-19 pandemic: r/wallstreetbets.
On the thread, an army of retail traders joined together to drive massive rallies in shares of struggling companies, including GameStop, AMC, and $BlackBerry (BB.US)$, among others, in January. Other retail investing threads have since proliferated like as r/Superstonk and r/amcstock, which have 653,000 and 435,000 users, respectively.
Mooers, are you a Reddit user and would you invest in Reddit?
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$TENCENT (00700.HK)$ $Alibaba (BABA.US)$ Today, it has been confirmed that the bottom structure of Hong Kong stocks Tencent and Alibaba have successfully bottomed out, and KWEB is a buying opportunity. cheers
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Hi mooers,
In this BBQ season, outdoor grill equipment company $Weber (WEBR.US)$ lists on August 5, raising US$252 million at $14 per share. Since the pandemic began, people have been cooking more meals outdoors. Weber owned the market share of 23% in the US and 24% in the world in 2020, becoming the leader in outdoor cooking.
Listed last week, $Traeger (COOK.US)$ , a wood pellet grill company, hit a strong opening, going up 22.22% on the first day. Traeger and We...
In this BBQ season, outdoor grill equipment company $Weber (WEBR.US)$ lists on August 5, raising US$252 million at $14 per share. Since the pandemic began, people have been cooking more meals outdoors. Weber owned the market share of 23% in the US and 24% in the world in 2020, becoming the leader in outdoor cooking.
Listed last week, $Traeger (COOK.US)$ , a wood pellet grill company, hit a strong opening, going up 22.22% on the first day. Traeger and We...
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