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

submitted 8 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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[–] dimath@ttrpg.network 4 points 8 months ago (1 children)

That's what they want them to believe, that they are very important. Good for the stock price.

[–] Windex007@lemmy.world 1 points 8 months ago (1 children)

How would convincing people that their plan to short the stock might be a legitimate risk (encouraging shorts) be good for the stock price?

[–] Crack0n7uesday@lemmy.world 2 points 8 months ago (1 children)

Asking about the value of reddit on reddit seems like it would contribute to the value of reddit...

[–] Windex007@lemmy.world 1 points 8 months ago

If the resounding answer is "we should short it", then the contribution would be negative.

They initially did try to get WSB on board w/ the DSO, with a cheeky "why let institutional investors have all the fun ;) " but as far as I understand it, WSB isn't biting.