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A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock. (www.theverge.com)

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

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A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.::Reddit seems like a likely candidate for a meme stock. But the actual reaction suggests that r/WallStreetBets isn’t going to send the stock to the moon.

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[-] DogPeePoo@lemm.ee 96 points 8 months ago

Nobody’s doing shit with this stock.

It’s all a manufactured cover story for hedge fund/institutional manipulation to blame retail for volatility and attempted fleecing.

[-] canihasaccount@lemmy.world 2 points 8 months ago

I'm thinking of shorting it. My friend is definitely shorting it.

[-] TropicalDingdong@lemmy.world 0 points 8 months ago

I'll be shorting it the minute outs come out. Won't buy naked shorts though

this post was submitted on 24 Feb 2024

1020 points (98.9% liked)

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