Reddit shares are plummeting from the rally highs experienced after the social messaging company's IPO last week.

This post tightly fits what I want to see in this community. Anti-corporate sentiment and “good news” for non corporate entities.

  • stoly@lemmy.worldEnglish
    1·
    7 months ago

    I do think that IPOs initially did what they say: gather money and allow a company to start up properly. Over the past 20 years, though, the system has been completely gamified and now it’s just a way for people to legally pump and dump, with only a few companies actually making something useful among all the mess.