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this post was submitted on 29 Mar 2024
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Don't forget that r/wallstreetbets is literally drooling in anticipation of being able to short Reddit stock. Unfortunately or fortunately, that sub has enough market power to be force to be reckoned with.
It's a shit company, and lots of profit potential in seeing it go down. So it makes sense.
Owners are going to cash out at these levels now and move on to another business while reddit takes a dive.
Can you imagine if they banned WSB
Dedicated users will organise efforts from elsewhere which could include lemmy
Threaten us with a good time. If they do my stock in Orville Redenbacher will be doing well.
Now that will finally kill reddit. It's the only fun part of Reddit left.
Shorting is a very important and good mechanism to bring prices back down to earth for any stock. Without it, you would see even higher valuation of which ultimately will be corrected to real financials and valuations. Be it one week or one century. And without shorting, there would be even more l people making dumb investments and intimately being bag holders.