Apparently I’ve been invited to a program that lets me buy stock for R*ddit (if I say the name this post will get taken down) at investor price before they go public in a few weeks. I don’t know the first thing about stocks, how to buy them, or if this is even a good deal.
In: Economics
Stocks represent a small portion of the ownership of a company. When a company goes public they sell pieces of itself in exchange for money. Those stocks are then bought and sold on a stock exchange the most famous of which is the New York stock exchange.
If you think that people in the future will pay more for the stock than what it is being offered to you at then it is a good deal. Most stocks are bought and sold through brokerages who exist to trade stocks. Getting stock before they go public is something only people with special access such as management or private investors can do.
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