this post was submitted on 15 Jun 2023
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You think Reddit is gonna sabotage Reddit's stock after it goes public? (lemmy.ml)
submitted 2 years ago by vis4valentine@lemmy.ml to c/reddit@lemmy.ml
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I was thinking about how shitty it is that Reddit is going public, but then I remembered, Reddit has WallStreetBets, you know, the guys tho made GameStop stocks to skyrocket and crash every single wallstreet investor who was shorting on GameStop?

I think there is a huge possibility that the moment Reddit goes public the community will immediately make it crash it even worst (for reddit as a company) pump and dump it. The community is pretty pissed rn and I think it's kinda stupid to make a company public when we know what they are capable of and how petty they are.

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[–] PigglyWiggly@sh.itjust.works 2 points 2 years ago* (last edited 2 years ago)

you can, its just mildly illegal to do directly. you can do it indirectly through derivatives though

https://www.investopedia.com/terms/n/nakedoption.asp