this post was submitted on 29 Mar 2024
322 points (96.5% liked)

Reddit

17718 readers
13 users here now

News and Discussions about Reddit

Welcome to !reddit. This is a community for all news and discussions about Reddit.

The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:

Rules


Rule 1- No brigading.

**You may not encourage brigading any communities or subreddits in any way. **

YSKs are about self-improvement on how to do things.



Rule 2- No illegal or NSFW or gore content.

**No illegal or NSFW or gore content. **



Rule 3- Do not seek mental, medical and professional help here.

Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.



Rule 4- No self promotion or upvote-farming of any kind.

That's it.



Rule 5- No baiting or sealioning or promoting an agenda.

Posts and comments which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.



Rule 6- Regarding META posts.

Provided it is about the community itself, you may post non-Reddit posts using the [META] tag on your post title.



Rule 7- You can't harass or disturb other members.

If you vocally harass or discriminate against any individual member, you will be removed.

Likewise, if you are a member, sympathiser or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people, and you were provably vocal about your hate, then you will be banned on sight.



Rule 8- All comments should try to stay relevant to their parent content.



Rule 9- Reposts from other platforms are not allowed.

Let everyone have their own content.



:::spoiler Rule 10- Majority of bots aren't allowed to participate here.

founded 2 years ago
MODERATORS
 

Some 7% of Reddit’s free share float (or more) has been sold short so far, according to an estimate from the analytics company Ortex cited by Reuters. That’s something the social platform was worried would happen, noting in its prospectus that retail traders in its subreddits (and particularly on r/WallStreetBets) could cause “extreme volatility” in Reddit’s share price. Those Redditors had already signaled in posts that they were planning to short the stock.

Public data revealing short interest positions on Reddit won’t be available until April 9.

Reddit shares fell as much as 11% at market open to a low of $51.52 after an already-bad Wednesday. Bloomberg reports that Wednesday’s decline was in part due to a Hedgeye Risk Management report naming Reddit as a short idea, saying the stock could plummet 50%.

Reddit’s share price in the low $50 range is still well above its IPO price of $34, and even above its impressive first-day closing price of $48, which had investors chattering about the company’s impressive gains.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 7 points 8 months ago

I hope it craters.