I was thinking about how shitty it is that Reddit is going public, but then I remembered, Reddit has WallStreetBets, you know, the guys tho made GameStop stocks to skyrocket and crash every single wallstreet investor who was shorting on GameStop?
I think there is a huge possibility that the moment Reddit goes public the community will immediately make it crash it even worst (for reddit as a company) pump and dump it. The community is pretty pissed rn and I think it’s kinda stupid to make a company public when we know what they are capable of and how petty they are.
and shorting doesn’t actually make the price go down necessarily
It doesn’t, but if enough people short it’s seen as bearish
I wanna see a bear wearing shorts