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

submitted 6 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 6 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 6 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 6 months ago

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

[-] PipedLinkBot@feddit.rocks 1 points 6 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 6 months ago

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

[-] THE_MASTERMIND@feddit.ch 9 points 6 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 6 months ago

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

[-] GregorGizeh@lemmy.zip 8 points 6 months ago

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

[-] TropicalDingdong@lemmy.world -1 points 6 months ago

I'll still take the goldfish

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

[-] PipedLinkBot@feddit.rocks 1 points 6 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 6 months ago

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

[-] TropicalDingdong@lemmy.world -2 points 6 months ago* (last edited 6 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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