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.”
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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It was a magical place there for a little while.
Apparently reddit hasn’t been following wsb… it’s likely to help the IPO from regards trying to time the market.
Ya if anything I would have expected Robinhood to have been destroyed by WSB but it’s still kicking at $14.48/share.
They did do a number on it though since it IPOd around $60 and even almost hit $90 there briefly before plummetting to around $8.
Reddit will probably do the same thing, start in the middle but a brief high and then plummet before finding an equilibrium about 1/4 of what reddit initially thought it would be worth.
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I’ve been planning on doing like a 6 month short on it if I have the money because it is going to be tanked hard.