In its IPO documents, Reddit said the price and volume of its stock could “experience extreme volatility for reasons unrelated to our underlying business.”

Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price::In its IPO documents, Reddit said the price and volume of its stock could “experience extreme volatility for reasons unrelated to our underlying business.”

  • Imgonnatrythis@sh.itjust.worksEnglish
    118·
    10 months ago

    Wrong. It is related to your underlying business.

    Also, unfortunately WSB was a one-off. It’s a highly monitored and bot infiltrated wasteland now. I hope someone is able to screw the reddit ipo, but it won’t be WSB.

    • SupraMario@lemmy.worldEnglish
      7·
      10 months ago

      Apparently reddit hasn’t been following wsb… it’s likely to help the IPO from regards trying to time the market.

    • Pyr_Pressure@lemmy.caEnglish
      4·
      10 months ago

      Ya if anything I would have expected Robinhood to have been destroyed by WSB but it’s still kicking at $14.48/share.

      They did do a number on it though since it IPOd around $60 and even almost hit $90 there briefly before plummetting to around $8.

      Reddit will probably do the same thing, start in the middle but a brief high and then plummet before finding an equilibrium about 1/4 of what reddit initially thought it would be worth.

    • Adalast@lemmy.worldEnglish
      2·
      10 months ago

      I’ve been planning on doing like a 6 month short on it if I have the money because it is going to be tanked hard.

  • abadbronc@lemmy.worldEnglish
    85·
    10 months ago

    Don’t worry everybody. Our IPO might seem bad, but it’s just because our users have absolutely no faith in us.

  • kaitco@lemmy.worldEnglish
    83·
    10 months ago

    As someone who made about $400 on AMC, I wholly support the apes in their endeavor to pump and dump Reddit’s stock into oblivion.

    • STOMPYI@lemmy.worldEnglish
      18·
      10 months ago

      i doubt retail has any actual power, they will pump and dump with behind the scense dark pool trades while making WSB look like a pack of apes playing their option card. but the derrivates market is like 500T - 1 quadrillion fucking dollars, and also,

      Also i must point out you paper handed bitch, talking about a 400 AMC gain like what the fuck? I love you but man thats dumbest shit i’ve ever heard anyone be proud of.

      Also ignore me I’m just angry and hate all the fucking elites and all the markets and fucking hate RC and AA and carl ichan and warren buffet and ever fucktard on the GME board that uses 100,000 word tweets to say “deep things” a 10 year old could say in 10 words…

  • Nix@merv.newsEnglish
    52·
    10 months ago

    This article was removed from r/wallstreetbets by the mods…

    • Buddahriffic@lemmy.worldEnglish
      28·
      10 months ago

      I’d stay away from it entirely. If the total valuation is only a few billion, there’s people and organizations that can easily keep the price artificially inflated if they want to kill off some short sellers. And no one will step in to change the rules to save them in this case.

      I think the price will go down in the long term, but it’s completely unpredictable in the short term. Especially if WSB vocally tries to take one position. I bet there’s some big money that still wants to hurt them after the whole GME thing, even though I think most of WSB that tried to get into that also lost money.

      If you must get your feet wet, my guess would be that the opposite of what the sentiment of WSB is will make money if you time it right and get out before they realize their losses or their options expire.

    • spongebue@lemmy.worldEnglish
      9·
      10 months ago

      One thing I saw after the GameStop thing happened that gave me a bit of perspective: when you buy and sell stock, your risk in the worst case scenario is that a company goes down to zero and you lose everything you put into it. That “everything you put into it” is the limit of your losses. When shorting, there is no practical limit to your losses because there is no upper practical limit to the share value.

      Don’t get me wrong, I’m in the fuck Spez camp as well (hence me being here). But there is virtually unlimited potential risk to being wrong about this, so keep that in mind.

  • GluWu@lemm.eeEnglish
    27·
    10 months ago

    Look, when you lose 70% of your investment, IT’S NOT OUR FAULT. Please blame retail investors that can afford $1k worth each. That $200m that spuz will be dumping and the 8% that computercuck boi has, well that’s nothing. Forget about that. It’s our own users fault.

    • wise_pancake@lemmy.caEnglish
      9·
      10 months ago

      I’m starting to think this is why they’re giving shares to Redditors, it’s someone to sell while the options are flying.

  • FireTower@lemmy.worldEnglish
    19·
    10 months ago

    Reddit seems like a prime target to short IMO. Not even as a screw Reddit move. I just would never consider investing in them in their current state. Going public was a terrible choice for them.

  • DogPeePoo@lemm.eeEnglish
    17·
    10 months ago

    So the extremely overissued IPO shares given to institutions may eat their faces

    Got it

  • qwertyqwertyqwertyEnglish
    12·
    10 months ago

    Knowing Reddit, they will likely just find a reason, however valid, to make the sub go permanently dark just before IPO.

    • IDontHavePantsOn@lemm.eeEnglish
      1·
      10 months ago

      Either that, or send a ton of bots that like the stock for a bunch of reasons as written by chatgpt.