• jeffw@lemmy.worldOP
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    8 months ago

    But Huffman, who cofounded Reddit back in 2005, also boasted that Reddit is different because it is “free from the airbrushing and filters of social media” and criticized what he sees as over-the-top meddling in online discussion.

    lol

  • Chaos@lemmy.world
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    8 months ago

    Wild. I wonder how bad reddit will be in a few years. If you think it’s bad now, It’s not even publicly traded yet, and we’ve all seen how money grubbing being a publicly traded company can become. “Make line go up no matter what” 👀

    • Jesus@lemmy.world
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      8 months ago

      Anyone can buy stock, but to short you need to get approved for a margin account and you need to put up some collateral. Those are two big barriers that are going to block many Redditors in WSB from shorting.

      • NotMyOldRedditName@lemmy.world
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        8 months ago

        You can just buy a put.

        There’s no infinite loss risk either, the amount risked is determined up front.

        Riskier in the sense it can expire worthless, you can’t hold it forever.

  • Cyber Yuki@lemmy.world
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    8 months ago

    The fact that we’re reading and commenting about it on Lemmy is satisfying, despite the sadness of the situation. It’s like watching the city burn after you moved away and saying “wow, I guess I really took the right choice by leaving.”

  • dhork@lemmy.world
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    8 months ago

    When does it actually go public, anyway? I want to wait a week and pick some up after the inevitable crash

    Nvm, Google is my friend, trading starts Thursday

    • SuperDuper@lemmy.world
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      8 months ago

      Just buy some puts early on. You do not want to pick up shares just to be stuck holding those bags for an indefinite period of time.

      • dhork@lemmy.world
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        8 months ago

        Well, yeah, but I didn’t think they opened up options right away on new stocks