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.
A bigger risk than a terrible leadership team?
Here’s a serious question: should we be bracing for a massive influx of stock bros after reddit inevitably find some pretext to shut down wallstreetbets?
It looks like there is already a (somewhat) active community at !wallstreetbets
We should be embracing them. A lot of financial experts is good to have against the fight against ghoulish institutions in Wall St.
Surprised it hasn’t happened yet
Does people trying to short you make your stock less valuable? Maybe because potential investors can see the sentiment?
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They have been purging subreddits for years that are not advertiser friendly, usually after they get media attention. Really no reason to expect them to stop the purges. There is a reason I am here and not there, and that is just one of them.
I’m still angry at what happened to WatchPeopleDie.
Is there a similar community here on the fediverse?
These aren’t 100% the same thing. But the first has lots of Russian invaders being killed, and the second is an adjacent community.
I mean, it’s true. WSB has been under scrutiny and introduces the risk of litigation or legal action towards Reddit. That could hurt stock prices. It’s all pretty routine to disclose potential risks in IPO documents or regular annual shareholder documents.
🦍 🦍 💪 🤲
Lol, WSB hates the apes. They like to actually make money, instead of incinerating it on companies going through obvious death spirals.
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What a load of bs.
