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Reddit cites r/WallStreetBets as a risk factor in its IPO filing (techcrunch.com)

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Reddit cites r/WallStreetBets as a risk factor in its IPO filing::As Reddit finally files to go public, the company wrote in its S-1 filing that "meme stock" schemes on r/WallStreetBets could pose a risk to investors.

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[-] Hamartiogonic@sopuli.xyz 4 points 8 months ago

All the ingredients are there. All we need is a bit of competition from other platforms and Reddit can join the club with all the other dead platforms like myspace, digg and tumblr.

As mastodon is beginning to seriously compete with Xitter, maybe Lemmy can also contribute to the downfall of Reddit.

this post was submitted on 24 Feb 2024

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