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Reddit cites r/WallStreetBets as a risk factor in its IPO filing (techcrunch.com)

submitted 5 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[–] BombOmOm@lemmy.world 16 points 5 months ago* (last edited 5 months ago) (2 children)

They have been purging subreddits for years that are not advertiser friendly, usually after they get media attention. Really no reason to expect them to stop the purges. There is a reason I am here and not there, and that is just one of them.

[–] LiveLM@lemmy.zip 6 points 5 months ago

lmao imagine the shitstorm if they ban WSB

[–] Scrollone@feddit.it 1 points 5 months ago (1 children)

I'm still angry at what happened to WatchPeopleDie.

Is there a similar community here on the fediverse?

[–] BombOmOm@lemmy.world 3 points 5 months ago

These aren’t 100% the same thing. But the first has lots of Russian invaders being killed, and the second is an adjacent community.

!ukraine@sopuli.xyz !combatfootage@lemmy.world