IPO will mean more revenue pressure and possibly more ads.As previously rumored, Discord, a popular communications platform, is working with Goldman Sachs and JP Morgan Chase to plan an IPO as soon as this year, according to a recent report by Bloomberg. The report cites people familiar with the matter and notes that more advisors may come on board as the talks progress.This isn't the first we've heard about plans for an IPO; an article in The New York Times claimed that Discord had begun exploratory meetings with bankers earlier this month. Even way back in 2022, Discord was exploring the option of a direct listing, but it now seems the company plans to go with a traditional IPO.
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74 sats \ 8 replies \ @BlokchainB 27 Mar
Didn’t see this coming. Wonder at what valuation
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67 sats \ 7 replies \ @0xbitcoiner OP 28 Mar
Figuring out a price for that must be a nightmare, especially on a platform that's always 'hated' ads. You can bet your bottom dollar it's gonna be pricey! Lol
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37 sats \ 6 replies \ @BlokchainB 28 Mar
Hahaha I can imagine. Will you pick up some shares?
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69 sats \ 4 replies \ @ek 28 Mar
I wanted to learn how to short stocks but with limited exposure a while ago. Not sure what I wanted to short back then. But maybe I'll try to short Discord now just for fun.
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71 sats \ 1 reply \ @ek 28 Mar
Oh, I think I wanted to short XRP, not a stock.
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0 sats \ 0 replies \ @BlokchainB 28 Mar
Haha you can do that on Binance I am sure
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134 sats \ 1 reply \ @0xbitcoiner OP 28 Mar
I think most trading platforms only offer shorting through CFDs, not the real way of shorting, which is borrowing actual shares to sell with a promise to buy them back later. I’ve never shorted and don’t plan to because when you short, you can lose more than 100%, while when you're long, the most you can lose is 100%.
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35 sats \ 0 replies \ @BlokchainB 28 Mar
Yeah shorting is risky business. Why they turned off the buy button on Robinhood to stop the pain for those who were short GameStop stock
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152 sats \ 0 replies \ @0xbitcoiner OP 28 Mar
No way, that's way out of my league when it comes to risk, haha.
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90 sats \ 1 reply \ @SimpleStacker 28 Mar
Translation: We've hit peak growth, now let's monetize our locked-in users by degrading the experience until everyone leaves.
Commence enshittification.
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0 sats \ 0 replies \ @0xbitcoiner OP 28 Mar
I'm afraid you're right!
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