Excellent! Should we invite them to setup shop here?
this post was submitted on 23 Feb 2024
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Yes definetly they are one of the community i miss dearly in here .
I tried early starting a lemmy instance focused on this. There was about 0 exodus from that community.
https://wallstreets.bet/ was the domain.
WSB without the daily thread just doesn't exist. I'm also convinced that community is 85%+ bots.
In other news, I actually started making money since leaving reddit/wsb.
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Can you expand a bit as to why? I wasn't part of it, but saw the same snippets we all saw during the Gamestop shit, and it seemed pretty toxic and a place for naive folks (me if I followed the advice lol) to lose a lot of money.
Definitely not a place for legitimate financial advice. Not OP but what I got from it is financial memes and some comradery hating rich people, at least at the height of the GameStop craze.
Yeah they are a riot and its fun to watch. But yeah don't always follow their advice
Whatever bro. I made a shit ton betting on a goldfish there.
Whatever bro. I flipped a coin once and it came up heads, just as they said!
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Fuck that. Maybe old WSB, not the GME cultists. They can fuck all the way off.
Yeah, the GME cargo cult is pretty tired, those people don't get it.
I just want to see people losing their life savings after betting on melons having to drink piss from champagne glasses.
you can eat my ass shitbird!
How do I gamble on this?
go to computershare website, there you can sign up for a direct account and get registered shares in your name that the DTC can't use to FTD and reset all teh bullshit things they got going on... i wish you well citizen
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May MOASS bless us all
Don't worry everybody. Our IPO might seem bad, but it's just because our users have absolutely no faith in us.
As someone who made about $400 on AMC, I wholly support the apes in their endeavor to pump and dump Reddit’s stock into oblivion.
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Pretty sure they don’t need any help to make that IPO a disaster.
But it's good to have a few excuses ready to go.
Watch it just KILL
I’d be so hopeless… more than I already am.
Look, when you lose 70% of your investment, IT'S NOT OUR FAULT. Please blame retail investors that can afford $1k worth each. That $200m that spuz will be dumping and the 8% that computercuck boi has, well that's nothing. Forget about that. It's our own users fault.
I’m starting to think this is why they’re giving shares to Redditors, it’s someone to sell while the options are flying.
I'm looking forward to shorting the shit out of this stock
I'd stay away from it entirely. If the total valuation is only a few billion, there's people and organizations that can easily keep the price artificially inflated if they want to kill off some short sellers. And no one will step in to change the rules to save them in this case.
I think the price will go down in the long term, but it's completely unpredictable in the short term. Especially if WSB vocally tries to take one position. I bet there's some big money that still wants to hurt them after the whole GME thing, even though I think most of WSB that tried to get into that also lost money.
If you must get your feet wet, my guess would be that the opposite of what the sentiment of WSB is will make money if you time it right and get out before they realize their losses or their options expire.
And whenever you're trading options for shits and giggles, remember that the market can stay irrational far longer than we can remain solvent.
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One thing I saw after the GameStop thing happened that gave me a bit of perspective: when you buy and sell stock, your risk in the worst case scenario is that a company goes down to zero and you lose everything you put into it. That "everything you put into it" is the limit of your losses. When shorting, there is no practical limit to your losses because there is no upper practical limit to the share value.
Don't get me wrong, I'm in the fuck Spez camp as well (hence me being here). But there is virtually unlimited potential risk to being wrong about this, so keep that in mind.
PUTS on RDDT! LFG!
Reddit seems like a prime target to short IMO. Not even as a screw Reddit move. I just would never consider investing in them in their current state. Going public was a terrible choice for them.
So the extremely overissued IPO shares given to institutions may eat their faces
Got it
Oh, we can only hope!
Knowing Reddit, they will likely just find a reason, however valid, to make the sub go permanently dark just before IPO.
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I'd love to see Ryan Cohen short sell the Reddit IPO. What would WSB do?
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womp womp
Regards.
That's what they want them to believe, that they are very important. Good for the stock price.
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This is the best summary I could come up with:
Put simply, the company warned potential investors that one of its subreddits, the infamous r/WallStreetBets, could make its stock price and volume extremely volatile—and there’s little Reddit can do about it.
It’s entirely possible that the everyday people on r/WallStreetBets, a subreddit of 15 million retail investors who refer to themselves as “apes” and “degenerates,” and other online forums could do the same thing with Reddit’s stock, the company stated.
The volatility could cause people to lose all or part of their investment, the company explained, if they are unable to sell their shares at or above the IPO price.
The long-term effect of movements like those propelled by r/WallStreetBets is already documented, with the takeaway being that surges of interest and heavy investment don’t necessarily bring success to companies over time.
Furthermore, shares purchased by users and moderators will not be subject to a lockup, the period after an IPO where insiders and early investors are banned from selling their stock to prevent the price from going down.
The top post on the subreddit on Friday morning—“Reddit lists WSB as a risk factor for its IPO 😏”—had thousands of comments as of the publication of this article.
The original article contains 542 words, the summary contains 198 words. Saved 63%. I'm a bot and I'm open source!
Okay so Wall street cucks is full of bots and paid for shills. Fucking spazy boy spez is creating a narrative to fullfill. We all fucking know by now retail has no fucking way to move this shit stock anymore, retail has not enough power when the derrivates market, the calls and puts and what nots, is estimated up to a Quadrillion fucking dollars. That is what is moving this shit bird not us little shit seeds out here in the trailer park...
The float of shares compared to how much WSB will short this is going to be interesting.
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