this post was submitted on 23 Feb 2024
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472
Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price (gizmodo.com)
submitted 10 months ago by [email protected] to c/[email protected]
80 comments fedilink hide all child comments
 

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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[–] [email protected] 31 points 10 months ago (4 children)

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.

[–] [email protected] 30 points 10 months ago (2 children)

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.

[–] [email protected] 9 points 10 months ago (1 children)
[–] [email protected] 1 points 10 months ago

Here is an alternative Piped link(s):

The gamestop thing was a fucking blast, but honestly, I still think Guh was peak WSB.

Piped is a privacy-respecting open-source alternative frontend to YouTube.

I'm open-source; check me out at GitHub.

[–] [email protected] 2 points 10 months ago

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

[–] [email protected] 9 points 10 months ago (1 children)

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

[–] [email protected] 3 points 10 months ago (1 children)

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

[–] [email protected] 8 points 10 months ago (1 children)

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

[–] [email protected] -1 points 10 months ago (1 children)

I'll still take the goldfish

https://www.youtube.com/watch?v=USKD3vPD6ZA

[–] [email protected] 1 points 10 months ago

Here is an alternative Piped link(s):

https://www.piped.video/watch?v=USKD3vPD6ZA

Piped is a privacy-respecting open-source alternative frontend to YouTube.

I'm open-source; check me out at GitHub.

[–] [email protected] 0 points 10 months ago

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

[–] [email protected] -2 points 10 months ago* (last edited 10 months ago)

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.