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.”

  • dimath@ttrpg.networkEnglish
    4·
    10 months ago

    That’s what they want them to believe, that they are very important. Good for the stock price.

    • Windex007@lemmy.worldEnglish
      1·
      10 months ago

      How would convincing people that their plan to short the stock might be a legitimate risk (encouraging shorts) be good for the stock price?

        • Windex007@lemmy.worldEnglish
          1·
          10 months ago

          If the resounding answer is “we should short it”, then the contribution would be negative.

          They initially did try to get WSB on board w/ the DSO, with a cheeky "why let institutional investors have all the fun ;) " but as far as I understand it, WSB isn’t biting.