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.”
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.”
Wrong. It is related to your underlying business.
Also, unfortunately WSB was a one-off. It’s a highly monitored and bot infiltrated wasteland now. I hope someone is able to screw the reddit ipo, but it won’t be WSB.
It was a magical place there for a little while.
Apparently reddit hasn’t been following wsb… it’s likely to help the IPO from regards trying to time the market.
Ya if anything I would have expected Robinhood to have been destroyed by WSB but it’s still kicking at $14.48/share.
They did do a number on it though since it IPOd around $60 and even almost hit $90 there briefly before plummetting to around $8.
Reddit will probably do the same thing, start in the middle but a brief high and then plummet before finding an equilibrium about 1/4 of what reddit initially thought it would be worth.
Yeah, I’m very bummed they didn’t kill robinhood. It remains a scumbag organization.
I’ve been planning on doing like a 6 month short on it if I have the money because it is going to be tanked hard.