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Teehee (lemmy.world)
submitted 1 week ago by to c/funny@lemmy.world
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[–] 11 points 1 week ago (2 children)

So you understand that the company will be able to make roughly 30% less capital investments since their stock took a hit? Or have you never worked for a publicly traded company before?

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  • [–] 2 points 1 week ago

    Not really. Those price drops were on the secondary market. Reddit doesn't get paid on those transactions. It does increase their cost of capital but not by anywhere near 30%, and only for future offerings.

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