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

submitted 10 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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[-] Chocrates@lemmy.world 31 points 10 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 10 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.

[-] TropicalDingdong@lemmy.world 9 points 10 months ago

The gamestop thing was a fucking blast, but honestly, I still think Guh was peak WSB.

[-] PipedLinkBot@feddit.rocks 1 points 10 months ago

Here is an alternative Piped link(s):

The gamestop thing was a fucking blast, but honestly, I still think Guh was peak WSB.

Piped is a privacy-respecting open-source alternative frontend to YouTube.

I'm open-source; check me out at GitHub.

[-] Miaou@jlai.lu 2 points 10 months ago

They seemed to love rich people, few times I was there.

[-] THE_MASTERMIND@feddit.ch 9 points 10 months ago

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

[-] TropicalDingdong@lemmy.world 3 points 10 months ago

Whatever bro. I made a shit ton betting on a goldfish there.

[-] GregorGizeh@lemmy.zip 8 points 10 months ago

Whatever bro. I flipped a coin once and it came up heads, just as they said!

[-] TropicalDingdong@lemmy.world -1 points 10 months ago

I'll still take the goldfish

https://www.youtube.com/watch?v=USKD3vPD6ZA

[-] PipedLinkBot@feddit.rocks 1 points 10 months ago

Here is an alternative Piped link(s):

https://www.piped.video/watch?v=USKD3vPD6ZA

Piped is a privacy-respecting open-source alternative frontend to YouTube.

I'm open-source; check me out at GitHub.

[-] Raiderkev@lemmy.world 0 points 10 months ago

After GameStop is when it went to shit. You came at the worst possible time.

[-] TropicalDingdong@lemmy.world -2 points 10 months ago* (last edited 10 months ago)

If GME was your first intro and that caused you to think it was toxic...

if you don't long for days of disappearances and dogs shitting the backyards, I don't think the lifestyle is right for you.

this post was submitted on 23 Feb 2024

471 points (98.6% liked)

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