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Reddit Falls Short of Ad Growth Targets Ahead of Likely 2024 IPO
(www.theinformation.com)
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this post was submitted on 26 Dec 2023
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That's still enough to tank an IPO.
Yep, in the face of the infinite growth monster, anything other than exceeding expectations is seen as a failure
"We see here you're up 5%, but you were up 5% last year too, so you're dead now."
-Capitalism
I still remember a line from a boss I had in one of my very first "real" jobs. "I expect you to exceed my expectations."
I didn't bother pointing out the problem there. I also didn't stay working for her for very long. :)
Yup it's all about expected growth.
Can you buy puts on an IPO?