I used to fucking hate that sub in my feed, but god bless those cappy swine
this post was submitted on 23 Feb 2024
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My sentiments exactly. The enemy of my enemy is my friend, as annoying as they can be. Now that I'm not using reddit I wish them the best of luck wreaking havoc.
💎💎💎🚀🚀🚀 ~...~~...~~...~~...~~...~~...~~...~~...~~...~~...~~...~~...~~...~~...~~...~~...~~...~ lol, couldn't resist
Does form an interesting premise though for a collectivist tool of anticapitalist warfare.
Firms taking short positions are some of the most low down parts of the stock and trade system, so you could cost the parasites millions and billions by organizing mass buys of stock on firms with shorted stock, and the best part is that the folks holding shorted positions can lose infinitely, so basically enough people working together would be able to pull the equivalent of stringing the leaches up by their nutsack and then dragging them around by it on a gravel pathway by horseback
Only to people that don't realize stockbrokers are the house in the casino that is stock trading.
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I mean its a midoff. And at that point fuck it crack a beer or tea or something
"Reddit Invokes The Streisand Effect to Openly Invite r/WallStreetBets to Wreak Havoc on Their Stock Price."
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I feel like this is just Reddit asking for the sub to inflate the stock like they did GameStop.
Shorts apply downward pressure to the market price, so not sure how well thought out the plan is.
Somebody should go ahead and get a dedicated WSB instance going so that they can migrate easily after Reddit bans them. I want them contained because they are a toxic community, but I also want them to short the Reddit stock because it would be hilarious.
they are a toxic community,
Yeah. Being mostly comprised of Incel, conspiracy, Q / Trump shills who think they can predict the future better than their peers will do that to a community.
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Lol in the article it says ppls proposed shotlrting Reddit stock. I love some of those apes so much, they got great ideas.
I hope they short it into oblivion and make all the tendies in the world.
Most you can short it in a day is 10 percent right? I dunno if they're disciplined enough.
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I bet theyre all gonna short Reddit.
Which is funny, because considering Reddit was trying to get users to buy in on their IPO, they probably thought they could weaponize the whole "diamond hands" meme again, and get everyone to shoot reddits "stonks" "to the moon!"
They've always been behind the curve, from the crypto that never launched to the NFT avatars to the streaming stuff to the IPO now being laughably belated.
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All markets are on the whim of the people, if tomorrow everyone decided Exon Mobile wasnt worth it and we're all selling the price would tank.
Its just bad luck for Reddit, everyone thinks Reddit isnt worth shit
I don’t know if it’s bad luck. They’ve made some decisions to remind us that it’s worthless.
Heck, if Apollo for Reddit still worked, I’d probably still use it daily.
If Apollo for Reddit still worked, I’d probably still be there too. But at the same time I’m pretty thankful that things happened the way they did because it really opened my eyes to how dissatisfied I was with corporate social media and I feel so much more engaged in my hobbies and their communities now on the fediverse.
It helps that I am already primarily interested in tech, web, and networking (with some retro gaming mixed in) so the fediverse was already a suitable replacement. I feel for people whose communities are dead here.
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this smells like reddit getting desperate
It's almost smells like an out if the IPO tanks. Stinky.
Sure wish I had the collateral to short the ever loving shit out of that stock.
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I hope they short it into the sub-basement. I hate those twats, especially when I modded /r/amc, but I might just have to cheer for them if they can snowball the Reddit IPO. It would be spectacular.
Was about to comment basically the same thing. They are ableist morons who are poster children for the Dunning-Kruger effect with their YOLOing and HODLing and whatnot, but them fucking over spez would make my god damned decade and I'd raise a glass to those cunts.
Lol please do
I'm surprised (but not upset) that WSB hasn't set up a dedicated Lemmy server. Surely they must think they've grown big enough to not need reddit anymore.
they've probably got a dIsCOrD sErVEr
I mean, for wallstreetbets that's actually a good fit. It's not like they're creating a knowledge base, it's just an endless stream of memes - exactly what discord was designed for.
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Why would they? They have a platform in Reddit, and that's a platform that people know. Lemmy is still fairly niche, so unless something happens like WSB getting deleted by the Reddit admins I don't see why they'd bother.
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Oh no. Well anyways how is everyone's Friday going?
Sounds like the people who run Reddit haven't been paying attention to what the internet does to greedy people who start complaining
Let’s fucking hope.
“Could”. I’m sure it’s a fucken certainty.
how do I trade to inflict maximum economic damage on reddit?
Don’t talk about it, but it, or post about it ever and it will go away
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Tank it!
To the shitter! 💸🚀🚽
DRS GME And End The 1% ;)
This is the best summary I could come up with:
Put simply, the company warned potential investors that one of its subreddits, the infamous r/WallStreetBets, could make its stock price and volume extremely volatile—and there’s little Reddit can do about it.
It’s entirely possible that the everyday people on r/WallStreetBets, a subreddit of 15 million retail investors who refer to themselves as “apes” and “degenerates,” and other online forums could do the same thing with Reddit’s stock, the company stated.
The volatility could cause people to lose all or part of their investment, the company explained, if they are unable to sell their shares at or above the IPO price.
The long-term effect of movements like those propelled by r/WallStreetBets is already documented, with the takeaway being that surges of interest and heavy investment don’t necessarily bring success to companies over time.
Furthermore, shares purchased by users and moderators will not be subject to a lockup, the period after an IPO where insiders and early investors are banned from selling their stock to prevent the price from going down.
The top post on the subreddit on Friday morning—“Reddit lists WSB as a risk factor for its IPO 😏”—had thousands of comments as of the publication of this article.
The original article contains 542 words, the summary contains 198 words. Saved 63%. I'm a bot and I'm open source!
GOOD i hope they suffer
almost you shouldn't place cheeky little bets on if a company will succeed or not. bet on sports like a normal person. shareholders ruin every single company
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