Nothing like investors who they perceive will be less rational, and will buy / not sell at a price above what the fundamentals suggests is rational.
It could pay off for Reddit if they get a short squeeze - non-institutional investors might be slower to sell, and I bet a lot of people will be shorting the stock unless the IPO price is really low.
Nothing like investors who they perceive will be less rational, and will buy / not sell at a price above what the fundamentals suggests is rational.
It could pay off for Reddit if they get a short squeeze - non-institutional investors might be slower to sell, and I bet a lot of people will be shorting the stock unless the IPO price is really low.