Reddit cites r/WallStreetBets as a risk factor in its IPO filing | TechCrunch
techcrunch.com
As Reddit finally files to go public, the company wrote in its S-1 filing that "meme stock" schemes on r/WallStreetBets could pose a risk to investors.

Reddit cites r/WallStreetBets as a risk factor in its IPO filing::As Reddit finally files to go public, the company wrote in its S-1 filing that “meme stock” schemes on r/WallStreetBets could pose a risk to investors.

  • throwwyacc@lemmynsfw.comEnglish
    4·
    8 months ago

    Not really no. It’s not often that a stock is short sold really hard when there isn’t an underlying reason Otherwise large investors could regognise this and just take a long position. The short seller is then screwed if the price doesn’t drop far enough and fast enough before their options expire