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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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[–] jaybone 61 points 8 months ago (32 children)

I don’t get why, if these people hate Reddit so much and they want the IPO to fail, why are they still using the platform?

Once people get burned with that stock purchase email, they are going to have even more pissed off users.

[–] GhostFence 15 points 8 months ago (5 children)

Reddit has a near-monopoly on forum communities. It is ranked 16 on similarweb and no other competitor comes even close in terms of community size. It's like Facebook in its dominance.

[–] SkippingRelax -2 points 8 months ago (4 children)

Is it though? Everyone I know aged 20 to 85 i on Facebook, some more active than others. I think I know 3 people irl that use reddit. Mind you I'm not in the US, where is more prevalent but most people I know have barely heard of reddit.

Sure, it has near monopoly on forum communities but that's a tiny niche on the internet

[–] ghterve 1 points 8 months ago* (last edited 8 months ago) (1 children)

Your first sentence suggests you're disagreeing, but nothing you said after that is incompatible with anything gp said.

[–] SkippingRelax 1 points 8 months ago

They are saying it's like Facebook in its dominance, I'm saying it's not like Facebook, clearer now or you want me to come over with a whiteboard?

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