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Reddit cites r/WallStreetBets as a risk factor in its IPO filing (techcrunch.com)

submitted 8 months ago by [email protected] to c/[email protected]

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Reddit cites r/WallStreetBets as a risk factor in its IPO filing::As Reddit finally files to go public, the company wrote in its S-1 filing that "meme stock" schemes on r/WallStreetBets could pose a risk to investors.

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[–] [email protected] 15 points 8 months ago (3 children)

Does people trying to short you make your stock less valuable? Maybe because potential investors can see the sentiment?

[–] [email protected] 4 points 8 months ago

Not really no. It's not often that a stock is short sold really hard when there isn't an underlying reason Otherwise large investors could regognise this and just take a long position. The short seller is then screwed if the price doesn't drop far enough and fast enough before their options expire

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