this post was submitted on 24 Feb 2024
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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 8 months ago by L4s to c/technology
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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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[–] [email protected] 283 points 8 months ago (40 children)

Reminder that shorting is a high risk play and you should never make investment decisions out of spite.

[–] [email protected] 53 points 8 months ago (1 children)

100%, this is a trap being set for retail investors... not touching this even if I had a 1000ft pole.

[–] OrangeCorvus 24 points 8 months ago (3 children)

What if you had a 1001ft pole?

[–] [email protected] 13 points 8 months ago

That’s the whacking pole

[–] WhiskyTangoFoxtrot 9 points 8 months ago

If I had a 1001 foot pole I wouldn't be browsing Lemmy on a Saturday night.

[–] [email protected] 8 points 8 months ago

Then it would be called buying puts instead of shorting

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