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this post was submitted on 29 Mar 2024
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I love how they're blaming redditors instead of spez and his COO selling over a million shares ...
They're not only blaming redditors, looks like at least one Hedge fund:
There's been a lot of talk of it being overvalued so it's not weird that some want to short it.
They will absolutely be sticking to the narrative that this is all WSB’s fault though. It’s a really convenient scapegoat. Remains to be seen if it will actually work though.
I don’t think so. I mean, some publications might, but big ones like Bloomberg and Reuters have acknowledged since the IPO that the major investors believe it is well overvalued. IIRC they reported that Fidelity and Blackrock gave it a $5B valuation. I recall another major investor cited the difficulty of feeding paid ads to its user base in the current community based format, and unsuccessful attempts to push profile/user centric “feeds” (similar to Facebook and Twitter) instead.
Are his eyes actually that big?
His eyes are like the opposite of Charlie Kirk's face
Fuckin gross. Dude looks like he'll become Gollum any day now.