Comment on Reddit gets ready for IPO, setting a top valuation of $6.4 billion

athos77@kbin.social ⁨8⁩ ⁨months⁩ ago

• canis_majoris@lemmy.ca ⁨8⁩ ⁨months⁩ ago

  Actually part of their IPO paperwork lists WSB as a potential positive benefit to the stock, in terms of having a clear userbase that will theoretically help sustain the value through shenanigans. That, to me, however, sounds like a securities violation waiting to happen.

  I don’t check reddit anymore. Does WSB actually consider this stock to be, uh, actually valuable? Every corner of the internet I’ve seen discuss this topic have all noted how worthless they think the shares are going to be. My money is on them shorting it.

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  • bradorsomething@ttrpg.network ⁨8⁩ ⁨months⁩ ago

    I’m pretty sure wsb will short the fuck out of it, lose money in the initial rise, then someone will make a few million in the death spiral

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  • Penguincoder@beehaw.org ⁨8⁩ ⁨months⁩ ago

    Username checks out…

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• jarfil@beehaw.org ⁨8⁩ ⁨months⁩ ago

  WallStreetBets diamond hands to the end! 💎👐…💥

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  • athos77@kbin.social ⁨8⁩ ⁨months⁩ ago

    Lmao, I was thinking more about how fractious reddit is even without provocation, but you're right, too!

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