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The Reddit IPO is shaping up to be the biggest pump and dump scam in recent history. The question is, how bad will the liquidity be when the sell side of the or
by mise_en_place 3y ago
The Reddit IPO is shaping up to be the biggest pump and dump scam in recent history. The question is, how bad will the liquidity be when the sell side of the order book vastly exceeds the buy side.
- dehrmann 3y agoFidelity marked down its investment by 41% (you see similar numbers across tech), so I don't see the pump. What will make it interesting are the risk disclosures.
- jachee 3y agoHmmm. Can you short an IPO? (/s, but only halfway.)
- pmoriarty 3y agoReddit's going to be fine. This is a tempest in a teapot. The vast majority of users are going to come back (if they ever left), because there's really nowhere else for them to go. The news cycle is going to move to something else in a couple of weeks, and this whole fiasco is going to be just yet another obscure footnote in internet history.
- Cub3 3y agoWhile true, I think this has killed a lot of goodwill from moderators and power users who will just wait for a viable alternative then instantly jump ship Alternatives that you just know are being worked on right now
- deleted 3y ago[deleted]