• 0 Posts
  • 186 Comments
Joined 1 year ago
cake
Cake day: July 22nd, 2023

help-circle










  • Nah it will drop but I bet it’s gonna be a few days before it reaches the low tens. Then the real grind starts with months/years to try to regain value back to the overinflated IPO price.

    We’ve seen it with plenty of stocks that IPO’d. This is not unknown territory. There is value in Reddit and there is profit to be had, but it is very under water and overvalued right now.

    Investors will dump, employees will dump, price will tank to maybe 20-25$ the first day (after raising for a couple hours I predict, maybe even to 40+$), then a week after the IPO it will be 15-$.

    But who the fuck knows. Markets are irrational and it could go down to 5$ the first day as mods and WSB start shorting it and making a mess on social medias.









  • That’s missing the point. Engineers perform at a specific level. You don’t expect civil engineers to build the bridge. Can they do it? Sure. But that’s not the profession. Same with Structural Engineers, Chemical Engineers, Industrial Engineers, etc. They are at a higher level in the planification and execution process and will likely have signatory responsibilities on the project. If the bridge falls, the engineer does have explaining to do.

    The equivalent for a software engineer would be (in the US) more at the level of architect with responsibilities higher than developers.

    But engineers is not a protected term so everyone is an engineer now.