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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.

[–] ininewcrow@lemmy.ca 91 points 9 months ago (7 children)

A reminder that the stock market and any kind of high level money market of any kind including digital money .... is a rich man's game where poor are by design destined to lose.

[–] ColeSloth@discuss.tchncs.de 7 points 9 months ago

Yeah, well even some rich people are bored redditors.

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