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Reddit cites r/WallStreetBets as a risk factor in its IPO filing (techcrunch.com)

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

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Reddit cites r/WallStreetBets as a risk factor in its IPO filing::As Reddit finally files to go public, the company wrote in its S-1 filing that "meme stock" schemes on r/WallStreetBets could pose a risk to investors.

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[–] Jackcooper@lemmy.world 15 points 9 months ago (3 children)

Does people trying to short you make your stock less valuable? Maybe because potential investors can see the sentiment?

[–] throwwyacc@lemmynsfw.com 4 points 9 months ago

Not really no. It's not often that a stock is short sold really hard when there isn't an underlying reason Otherwise large investors could regognise this and just take a long position. The short seller is then screwed if the price doesn't drop far enough and fast enough before their options expire

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