Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price
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.”
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this smells like reddit getting desperate
It's almost smells like an out if the IPO tanks. Stinky.
Sure wish I had the collateral to short the ever loving shit out of that stock.
Considering they're DMing certain Reddit users (their most active users, according to the DM) about being given a chance buy Reddit stock during the IPO (that's not strictly PR speak; they're actually setting aside some stock for their users), that's entirely possible.
I think it's to limit damage from subreddits like WSB. If a bunch of your most active users own stock, they will be slandering WSB and calling for the ban of the subreddit when they eventually want to short it.
Reddit has enough of the same half crazed energy Tumblr has that I suspect quite a few users even the most active site would fuck the site over for fun.
They offered it to me. I've not been on reddit since the API issue kicked off.
Yeah, they sent it to me, too. For users, it's based on total karma. For mods, it's based on total mod actions taken.
Over 200K karma I read somewhere else
Well fuck, I had well over 200k karma. Why didn't I get a buy-in offer I could tell them to fuck off for?
It's karma + mod actions.
More accurately, it's based on total karma OR total mod actions.
Yeah. I didn't mod anything but was very active, and I got emailed a 1st round invitation.