this post was submitted on 23 Feb 2024
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I bet theyre all gonna short Reddit.
Which is funny, because considering Reddit was trying to get users to buy in on their IPO, they probably thought they could weaponize the whole "diamond hands" meme again, and get everyone to shoot reddits "stonks" "to the moon!"
They've always been behind the curve, from the crypto that never launched to the NFT avatars to the streaming stuff to the IPO now being laughably belated.
I actually got the Reddit IPO invite. Hard pass.
Same here. Went straight into the spam folder.
I did too. Seems they weren't very selective about it.
The funny thing is if they do short it heavily, the big players will pump the stock. They literally can't lose.
WSB incels are essentially immune to a failed short.
Yeah, shorting theoristically has no ceiling on potential loss, but most of these retail kids don't have enough assets for a squeeze to really do anything.
Owing somebody a thousand dollars and owing someone a billion dollars are the same thing for them.