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

submitted 9 months ago by return2ozma@lemmy.world to c/technology@lemmy.world

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[–] iAvicenna@lemmy.world 68 points 9 months ago (2 children)

this smells like reddit getting desperate

[–] Bakkoda@sh.itjust.works 31 points 9 months ago (1 children)

It's almost smells like an out if the IPO tanks. Stinky.

[–] mods_are_assholes@lemmy.world 17 points 9 months ago

Sure wish I had the collateral to short the ever loving shit out of that stock.

[–] Gestrid@lemmy.ca 12 points 9 months ago (3 children)

Considering they're DMing certain Reddit users (their most active users, according to the DM) about being given a chance buy Reddit stock during the IPO (that's not strictly PR speak; they're actually setting aside some stock for their users), that's entirely possible.

[–] Corkyskog@sh.itjust.works 5 points 9 months ago (1 children)

I think it's to limit damage from subreddits like WSB. If a bunch of your most active users own stock, they will be slandering WSB and calling for the ban of the subreddit when they eventually want to short it.

[–] vaultdweller013@sh.itjust.works 1 points 9 months ago

Reddit has enough of the same half crazed energy Tumblr has that I suspect quite a few users even the most active site would fuck the site over for fun.

[–] tallpaul@lemm.ee 5 points 9 months ago (1 children)

They offered it to me. I've not been on reddit since the API issue kicked off.

[–] Gestrid@lemmy.ca 1 points 9 months ago (1 children)

Yeah, they sent it to me, too. For users, it's based on total karma. For mods, it's based on total mod actions taken.

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

Over 200K karma I read somewhere else

[–] FlyingSquid@lemmy.world 1 points 9 months ago

Well fuck, I had well over 200k karma. Why didn't I get a buy-in offer I could tell them to fuck off for?

[–] fossilesque@mander.xyz 2 points 9 months ago (1 children)

It's karma + mod actions.

[–] Gestrid@lemmy.ca 2 points 9 months ago (1 children)

More accurately, it's based on total karma OR total mod actions.

[–] chiliedogg@lemmy.world 1 points 9 months ago

Yeah. I didn't mod anything but was very active, and I got emailed a 1st round invitation.