News Post

Reddit users made meme stock prices go crazy — now they could do the same with Reddit's own stock IPO

Business Insider

· 4m
placeholder-image

As GameStop and AMC experienced extreme fluctuations in stock prices in 2021 due to Reddit discussions, the social media platform is now cautioning investors about potential volatility in its own stock after its upcoming IPO. In its recently filed S-1 document, Reddit acknowledged that individual retail investors could drive significant price swings in its stock. They are also offering frequent users the opportunity to participate in the IPO, which is seen as an unusual approach that could further contribute to stock volatility. Meanwhile, Reddit's WallStreetBets subreddit, where users have expressed bearish sentiments towards the IPO, is mentioned multiple times in the S-1 document.

No Comments yet

Download the medial app to read full posts, comements and news.