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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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[-] GluWu@lemm.ee 0 points 8 months ago

Plus $800k in performance based bonuses.

[-] KingPyrox@lemmy.ca 3 points 8 months ago

Right, but that's nowhere near the money to be able to make the company break even.

this post was submitted on 24 Feb 2024

181 points (98.9% liked)

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