Yeah, this IPO will probably go just fine and a bunch of wankers will make a bunch of money. That’s what it’s all about, after all.

I’d probably try something similar if I could, I’m not in the US though.

I’m guessing it’ll do pretty well, at least initially. There’s got to be a whole lot of investors out there who just want to get in on the new big tech IPO and still jump in. I’m not convinced the WSB crew will really move the dial. Yeah it’d be an amusing and salutary lesson if the IPO shits the bed but I can’t see it happening. I’m no expert tho!

They’ve had investors who were willing to pay into a loss-making company. Could be that they sold investors on the idea that it will be profitable at some point in the future but it needs to be funded while it grows. Could also be that the value they see in it is not just financial - the ability to influence opinion, harvest data, stuff like that.

Why on earth would they give those sweet pre-IPO shares up to the unwashed masses if they thought there was even a remote chance the IPO would at least break even?

I suspect it’s because they’re worried that their users are going to short them and encourage others to do the same, so they’re trying to get them involved and committed. They don’t want WSB causing shit. My guess is that the share prices will do pretty well, at least initially. There are plenty of ignorant investors who want to get in on the next big tech stock. Just a guess though, I don’t know enough about this stuff to invest in stocks myself.

When I was a kid in the 70s, a lurker was a turd that had failed to flush away properly. As in : “Dad left a big beefy lurker in the toilet again.” How language changes.

now AI will be trained on your craziest “private” conversations

I have no idea what horrible thing this will do to an LLM but I’m kind of curious.

I’m cool with that. Maybe they can do tailgaters next.

Yeah I’m looking forward to it. Currently playing through the old ones, they hold up surprisingly well.

Or fashion bow ties from their testicles. . ?

TBF Facebook and Twitter etc were profitable platforms for a lot of businesses for a while. They obviously weren’t going to last forever though so it would have been short-sighted not to plan for them dying off.