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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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[–] FireTower@lemmy.world 19 points 9 months ago (1 children)

Reddit seems like a prime target to short IMO. Not even as a screw Reddit move. I just would never consider investing in them in their current state. Going public was a terrible choice for them.

[–] Imgonnatrythis@sh.itjust.works 7 points 9 months ago

For who? I bet it was a good enough choice for a few people to get very rich off of before it burns to the ground.