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Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price (gizmodo.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price::In its IPO documents, Reddit said the price and volume of its stock could “experience extreme volatility for reasons unrelated to our underlying business.”

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[–] GluWu@lemm.ee 26 points 9 months ago (1 children)

Look, when you lose 70% of your investment, IT'S NOT OUR FAULT. Please blame retail investors that can afford $1k worth each. That $200m that spuz will be dumping and the 8% that computercuck boi has, well that's nothing. Forget about that. It's our own users fault.

[–] wise_pancake@lemmy.ca 9 points 9 months ago

I’m starting to think this is why they’re giving shares to Redditors, it’s someone to sell while the options are flying.