• Ullallulloo@civilloquy.com
    link
    fedilink
    English
    arrow-up
    20
    arrow-down
    3
    ·
    edit-2
    9 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
      link
      fedilink
      English
      arrow-up
      6
      ·
      9 months ago

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

    • derpgon@programming.dev
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      1
      ·
      9 months ago

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