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submitted 4 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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[-] PlasticExistence@lemmy.world 183 points 4 months ago

Excellent! Should we invite them to setup shop here?

[-] THE_MASTERMIND@feddit.ch 82 points 4 months ago

Yes definetly they are one of the community i miss dearly in here .

[-] TropicalDingdong@lemmy.world 102 points 4 months ago* (last edited 4 months ago)

I tried early starting a lemmy instance focused on this. There was about 0 exodus from that community.

https://wallstreets.bet/ was the domain.

WSB without the daily thread just doesn't exist. I'm also convinced that community is 85%+ bots.

In other news, I actually started making money since leaving reddit/wsb.

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[-] Chocrates@lemmy.world 31 points 4 months ago

Can you expand a bit as to why? I wasn't part of it, but saw the same snippets we all saw during the Gamestop shit, and it seemed pretty toxic and a place for naive folks (me if I followed the advice lol) to lose a lot of money.

[-] RandomStickman@kbin.run 30 points 4 months ago

Definitely not a place for legitimate financial advice. Not OP but what I got from it is financial memes and some comradery hating rich people, at least at the height of the GameStop craze.

[-] THE_MASTERMIND@feddit.ch 9 points 4 months ago

Yeah they are a riot and its fun to watch. But yeah don't always follow their advice

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[-] Arcane_Trixster@lemm.ee 21 points 4 months ago

Fuck that. Maybe old WSB, not the GME cultists. They can fuck all the way off.

[-] TropicalDingdong@lemmy.world 10 points 4 months ago

Yeah, the GME cargo cult is pretty tired, those people don't get it.

I just want to see people losing their life savings after betting on melons having to drink piss from champagne glasses.

[-] STOMPYI@lemmy.world 8 points 4 months ago

you can eat my ass shitbird!

[-] TropicalDingdong@lemmy.world 7 points 4 months ago
[-] STOMPYI@lemmy.world 7 points 4 months ago

go to computershare website, there you can sign up for a direct account and get registered shares in your name that the DTC can't use to FTD and reset all teh bullshit things they got going on... i wish you well citizen

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[-] CaptainSpaceman@lemmy.world 7 points 4 months ago

May MOASS bless us all

[-] winterayars@sh.itjust.works 6 points 4 months ago

No, no. Let them cook. Let's see what happens before they inevitably get banned.

[-] Imgonnatrythis@sh.itjust.works 115 points 4 months ago

Wrong. It is related to your underlying business.

Also, unfortunately WSB was a one-off. It's a highly monitored and bot infiltrated wasteland now. I hope someone is able to screw the reddit ipo, but it won't be WSB.

[-] psycho_driver@lemmy.world 19 points 4 months ago

It was a magical place there for a little while.

[-] SupraMario@lemmy.world 6 points 4 months ago

Apparently reddit hasn't been following wsb... it's likely to help the IPO from regards trying to time the market.

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[-] abadbronc@lemmy.world 85 points 4 months ago

Don't worry everybody. Our IPO might seem bad, but it's just because our users have absolutely no faith in us.

[-] kaitco@lemmy.world 81 points 4 months ago

As someone who made about $400 on AMC, I wholly support the apes in their endeavor to pump and dump Reddit’s stock into oblivion.

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[-] yemmly@lemmy.world 57 points 4 months ago

Pretty sure they don’t need any help to make that IPO a disaster.

[-] superduperenigma@lemmy.world 26 points 4 months ago

But it's good to have a few excuses ready to go.

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[-] nix@merv.news 52 points 4 months ago

This article was removed from r/wallstreetbets by the mods…

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[-] PrincessLeiasCat@sh.itjust.works 48 points 4 months ago

Something something leopards and faces.

[-] Nastybutler@lemmy.world 34 points 4 months ago

I'm looking forward to shorting the shit out of this stock

[-] Buddahriffic@lemmy.world 26 points 4 months ago

I'd stay away from it entirely. If the total valuation is only a few billion, there's people and organizations that can easily keep the price artificially inflated if they want to kill off some short sellers. And no one will step in to change the rules to save them in this case.

I think the price will go down in the long term, but it's completely unpredictable in the short term. Especially if WSB vocally tries to take one position. I bet there's some big money that still wants to hurt them after the whole GME thing, even though I think most of WSB that tried to get into that also lost money.

If you must get your feet wet, my guess would be that the opposite of what the sentiment of WSB is will make money if you time it right and get out before they realize their losses or their options expire.

[-] GreatAlbatross@feddit.uk 13 points 4 months ago

And whenever you're trading options for shits and giggles, remember that the market can stay irrational far longer than we can remain solvent.

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[-] spongebue@lemmy.world 9 points 4 months ago

One thing I saw after the GameStop thing happened that gave me a bit of perspective: when you buy and sell stock, your risk in the worst case scenario is that a company goes down to zero and you lose everything you put into it. That "everything you put into it" is the limit of your losses. When shorting, there is no practical limit to your losses because there is no upper practical limit to the share value.

Don't get me wrong, I'm in the fuck Spez camp as well (hence me being here). But there is virtually unlimited potential risk to being wrong about this, so keep that in mind.

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[-] GluWu@lemm.ee 26 points 4 months ago

Look, when you lose 70% of your investment, IT'S NOT OUR FAULT. Please blame retail investors that can afford $1k worth each. That $200m that spuz will be dumping and the 8% that computercuck boi has, well that's nothing. Forget about that. It's our own users fault.

[-] wise_pancake@lemmy.ca 9 points 4 months ago

I’m starting to think this is why they’re giving shares to Redditors, it’s someone to sell while the options are flying.

[-] FireTower@lemmy.world 19 points 4 months ago

Reddit seems like a prime target to short IMO. Not even as a screw Reddit move. I just would never consider investing in them in their current state. Going public was a terrible choice for them.

[-] Imgonnatrythis@sh.itjust.works 7 points 4 months ago

For who? I bet it was a good enough choice for a few people to get very rich off of before it burns to the ground.

[-] DogPeePoo@lemm.ee 17 points 4 months ago

So the extremely overissued IPO shares given to institutions may eat their faces

Got it

[-] corsicanguppy@lemmy.ca 14 points 4 months ago

Oh, we can only hope!

[-] qwertyqwertyqwerty@lemmy.one 12 points 4 months ago

Knowing Reddit, they will likely just find a reason, however valid, to make the sub go permanently dark just before IPO.

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[-] profdc9@lemmy.world 9 points 4 months ago

I'd love to see Ryan Cohen short sell the Reddit IPO. What would WSB do?

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[-] jerrythegenius@lemmy.world 9 points 4 months ago
[-] cabron_offsets@lemmy.world 5 points 4 months ago

Lol.

Lmao, even.

[-] dimath@ttrpg.network 4 points 4 months ago

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

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this post was submitted on 23 Feb 2024
472 points (98.6% liked)

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