BetUS said not all everyone believes Reddit might reverse its pricing move, but almost all think CEO Steve Huffman will survive regardless.
  • Lvxferre@lemmy.mlMEnglish
    2·
    1 year ago

    This is actually damn great. It makes pre-IPO Reddit Inc. shares worth less and less, as more people join those bets.

    Investors weight the risk before pouring money into a company. The higher the risk, the cheaper must be the investment in relation to the expected profit. And having people publicly placing bets on the fate of a company screams “you’re playing Russian roulette with your money!” from afar.

  • can@sh.itjust.worksOPEnglish
    1·
    1 year ago

    Hundreds of people are putting money on whether the company will back-track on its new API pricing policy or oust its CEO Steve Huffman, BetUS told Insider.

    The online betting company said there was “very close heat” over whether Reddit will reverse its new pricing policy.

    “So far, the betting public seems very much “at odds” and are undecided on this one so far,” it said.

    Almost all bets have been on Huffman still being CEO by December 31, BetUS added.