this post was submitted on 24 Feb 2024
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A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock. (www.theverge.com)
submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world
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A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.::Reddit seems like a likely candidate for a meme stock. But the actual reaction suggests that r/WallStreetBets isn’t going to send the stock to the moon.

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[–] bionicjoey@lemmy.ca 283 points 9 months ago (40 children)

Reminder that shorting is a high risk play and you should never make investment decisions out of spite.

[–] debounced@kbin.run 53 points 9 months ago (1 children)

100%, this is a trap being set for retail investors... not touching this even if I had a 1000ft pole.

[–] OrangeCorvus@lemmy.world 24 points 9 months ago (3 children)

What if you had a 1001ft pole?

[–] Ringmasterincestuous@aussie.zone 13 points 9 months ago

That’s the whacking pole

[–] WhiskyTangoFoxtrot@lemmy.world 9 points 9 months ago

If I had a 1001 foot pole I wouldn't be browsing Lemmy on a Saturday night.

[–] BakedCatboy@lemmy.ml 8 points 9 months ago

Then it would be called buying puts instead of shorting

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