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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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[-] JackbyDev@programming.dev 3 points 8 months ago

Basically, yes. It's like paper money the company can print more of and dilute the value of.

this post was submitted on 24 Feb 2024

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