Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price

L4sBot@lemmy.worldmod to Technology@lemmy.world – 466 points –
Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price
gizmodo.com

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.”

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Can you expand a bit as to why? I wasn't part of it, but saw the same snippets we all saw during the Gamestop shit, and it seemed pretty toxic and a place for naive folks (me if I followed the advice lol) to lose a lot of money.

Definitely not a place for legitimate financial advice. Not OP but what I got from it is financial memes and some comradery hating rich people, at least at the height of the GameStop craze.

They seemed to love rich people, few times I was there.

Yeah they are a riot and its fun to watch. But yeah don't always follow their advice

Whatever bro. I made a shit ton betting on a goldfish there.

Whatever bro. I flipped a coin once and it came up heads, just as they said!

After GameStop is when it went to shit. You came at the worst possible time.

If GME was your first intro and that caused you to think it was toxic...

if you don't long for days of disappearances and dogs shitting the backyards, I don't think the lifestyle is right for you.