I used to fucking hate that sub in my feed, but god bless those cappy swine

"Reddit Invokes The Streisand Effect to Openly Invite r/WallStreetBets to Wreak Havoc on Their Stock Price."

I feel like this is just Reddit asking for the sub to inflate the stock like they did GameStop.

Lol in the article it says ppls proposed shotlrting Reddit stock. I love some of those apes so much, they got great ideas.

I bet theyre all gonna short Reddit.

Which is funny, because considering Reddit was trying to get users to buy in on their IPO, they probably thought they could weaponize the whole "diamond hands" meme again, and get everyone to shoot reddits "stonks" "to the moon!"

I hope they short it into the sub-basement. I hate those twats, especially when I modded /r/amc, but I might just have to cheer for them if they can snowball the Reddit IPO. It would be spectacular.

All markets are on the whim of the people, if tomorrow everyone decided Exon Mobile wasnt worth it and we're all selling the price would tank.

Its just bad luck for Reddit, everyone thinks Reddit isnt worth shit

this smells like reddit getting desperate

Oh no. Well anyways how is everyone's Friday going?

Somebody should go ahead and get a dedicated WSB instance going so that they can migrate easily after Reddit bans them. I want them contained because they are a toxic community, but I also want them to short the Reddit stock because it would be hilarious.

Let’s fucking hope.

I'm surprised (but not upset) that WSB hasn't set up a dedicated Lemmy server. Surely they must think they've grown big enough to not need reddit anymore.

how do I trade to inflict maximum economic damage on reddit?

Tank it!

“Could”. I’m sure it’s a fucken certainty.

Anything to get their IPO in the news. Ignore

Sounds like the people who run Reddit haven't been paying attention to what the internet does to greedy people who start complaining

GOOD i hope they suffer

This is the best summary I could come up with:

Put simply, the company warned potential investors that one of its subreddits, the infamous r/WallStreetBets, could make its stock price and volume extremely volatile—and there’s little Reddit can do about it.

It’s entirely possible that the everyday people on r/WallStreetBets, a subreddit of 15 million retail investors who refer to themselves as “apes” and “degenerates,” and other online forums could do the same thing with Reddit’s stock, the company stated.

The volatility could cause people to lose all or part of their investment, the company explained, if they are unable to sell their shares at or above the IPO price.

The long-term effect of movements like those propelled by r/WallStreetBets is already documented, with the takeaway being that surges of interest and heavy investment don’t necessarily bring success to companies over time.

Furthermore, shares purchased by users and moderators will not be subject to a lockup, the period after an IPO where insiders and early investors are banned from selling their stock to prevent the price from going down.

The top post on the subreddit on Friday morning—“Reddit lists WSB as a risk factor for its IPO 😏”—had thousands of comments as of the publication of this article.

The original article contains 542 words, the summary contains 198 words. Saved 63%. I'm a bot and I'm open source!

almost you shouldn't place cheeky little bets on if a company will succeed or not. bet on sports like a normal person. shareholders ruin every single company

That movie dumb money was such good publicity for Reddit. And now they're probably gonna shut down the star sub-reddit.

Stfu regard