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Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price (gizmodo.com)

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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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[–] kaitco@lemmy.world 81 points 8 months ago (1 children)

As someone who made about $400 on AMC, I wholly support the apes in their endeavor to pump and dump Reddit’s stock into oblivion.

[–] STOMPYI@lemmy.world 1 points 8 months ago (3 children)

i doubt retail has any actual power, they will pump and dump with behind the scense dark pool trades while making WSB look like a pack of apes playing their option card. but the derrivates market is like 500T - 1 quadrillion fucking dollars, and also,

Also i must point out you paper handed bitch, talking about a 400 AMC gain like what the fuck? I love you but man thats dumbest shit i've ever heard anyone be proud of.

Also ignore me I'm just angry and hate all the fucking elites and all the markets and fucking hate RC and AA and carl ichan and warren buffet and ever fucktard on the GME board that uses 100,000 word tweets to say "deep things" a 10 year old could say in 10 words....

[–] kaitco@lemmy.world 40 points 8 months ago (1 children)

Hey man. It was $400 more than I had at the start. I threw $50 at a joke and earned $400 net from it. That’s what I call fun.

[–] STOMPYI@lemmy.world 24 points 8 months ago (1 children)

sorry, its been a hard morning for me and i'm leaking toxic... so fucking mad at the reddit bullshit...

[–] kaitco@lemmy.world 25 points 8 months ago

Understandable. Sending a virtual hug and fist bump, and hoping you have a better rest of your day! 🤜🤛

[–] stinerman@midwest.social 14 points 8 months ago (1 children)

I made about double that on betting that Donald Trump would lose the election after he had already lost the election. Now that was something I'm really proud of.

[–] STOMPYI@lemmy.world 8 points 8 months ago (1 children)

how did you collect that? I just don't see that kind of supporter to admit a loss ever lol

[–] stinerman@midwest.social 3 points 8 months ago

PredictIt.org

[–] Syntha@sh.itjust.works -2 points 8 months ago

idiot cultist