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A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock. (www.theverge.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.::Reddit seems like a likely candidate for a meme stock. But the actual reaction suggests that r/WallStreetBets isn’t going to send the stock to the moon.

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[–] AceFuzzLord@lemm.ee 25 points 9 months ago (1 children)

I have a feeling that if a pump and dump happens, all the people who are actually involved (who aren't already rich) will have their funds completely taken from them and the companies behind it will claim it as an attempt to stop fraud or some other bullshit they know is fake news.

[–] Liz@midwest.social 23 points 9 months ago (1 children)

A la GameStop. The rich won't let you play their own game.

[–] agitatedpotato@lemmy.world 1 points 9 months ago

They only let us play when they dont think we can effect them. Once our money gets in the way of their money, we see how the rich people have protections the government doesn't even offer to itself.