this post was submitted on 11 Mar 2024
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Technology

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[–] athos77@kbin.social 32 points 8 months ago (2 children)

users could become unruly if Reddit stock falls below the IPO price.

Lmao, dude doesn't know redditors at all, do they?

[–] canis_majoris@lemmy.ca 23 points 8 months ago (2 children)

Actually part of their IPO paperwork lists WSB as a potential positive benefit to the stock, in terms of having a clear userbase that will theoretically help sustain the value through shenanigans. That, to me, however, sounds like a securities violation waiting to happen.

I don't check reddit anymore. Does WSB actually consider this stock to be, uh, actually valuable? Every corner of the internet I've seen discuss this topic have all noted how worthless they think the shares are going to be. My money is on them shorting it.

[–] bradorsomething@ttrpg.network 5 points 8 months ago

I’m pretty sure wsb will short the fuck out of it, lose money in the initial rise, then someone will make a few million in the death spiral

[–] Penguincoder@beehaw.org 2 points 8 months ago

Username checks out...

[–] jarfil@beehaw.org 6 points 8 months ago (1 children)

WallStreetBets diamond hands to the end! 💎👐...💥

[–] athos77@kbin.social 9 points 8 months ago

Lmao, I was thinking more about how fractious reddit is even without provocation, but you're right, too!