• Ullallulloo@civilloquy.com
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    8 months ago

    Stocks are basically a percentage of ownership. The share price as a dollar amount is meaningless because it could be 1% of a company or 0.000000001%. The relevant number here is that Reddit is IPOing at a valuation of $5 billion (that stock buys a ¹⁄₁₅₀₀₀₀₀₀₀ interest), which all I can reply with is hahahahahahahaha

    • ColeSloth
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      8 months ago

      I am aware. It’s valuation was in the article.

    • derpgon@programming.dev
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      8 months ago

      Well, either two values give the third. All one’s gotta know is two of: valuation, price per share, number of shares.