this post was submitted on 23 Feb 2024
732 points (95.9% liked)

Technology

60071 readers
3536 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
732
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]
108 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 68 points 10 months ago (2 children)

this smells like reddit getting desperate

[–] [email protected] 31 points 10 months ago (1 children)

It's almost smells like an out if the IPO tanks. Stinky.

[–] [email protected] 12 points 10 months ago (3 children)

Considering they're DMing certain Reddit users (their most active users, according to the DM) about being given a chance buy Reddit stock during the IPO (that's not strictly PR speak; they're actually setting aside some stock for their users), that's entirely possible.

[–] [email protected] 5 points 10 months ago (1 children)

I think it's to limit damage from subreddits like WSB. If a bunch of your most active users own stock, they will be slandering WSB and calling for the ban of the subreddit when they eventually want to short it.

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

Reddit has enough of the same half crazed energy Tumblr has that I suspect quite a few users even the most active site would fuck the site over for fun.

[–] [email protected] 5 points 10 months ago (1 children)

They offered it to me. I've not been on reddit since the API issue kicked off.

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

Yeah, they sent it to me, too. For users, it's based on total karma. For mods, it's based on total mod actions taken.

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

Over 200K karma I read somewhere else

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

Well fuck, I had well over 200k karma. Why didn't I get a buy-in offer I could tell them to fuck off for?

[–] [email protected] 2 points 10 months ago (1 children)

It's karma + mod actions.

[–] [email protected] 2 points 10 months ago (1 children)

More accurately, it's based on total karma OR total mod actions.

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

Yeah. I didn't mod anything but was very active, and I got emailed a 1st round invitation.