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.”

  • TropicalDingdong@lemmy.worldEnglish
    24·
    9 months ago

    Nah fr though, I want to buy about 5k - 10k more shares. Its utterly shitty the bed right now, but I think mid year we’ll get some good news stories and see it climb to ~0.25+.

    They basically don’t exist in the wild, so like yeah, its gonna struggle. Its at least gotta be better nikola, I mean they actually do have a product.

    • STOMPYI@lemmy.worldEnglish
      32·
      9 months ago

      they are literally about to have their first positive quarter, they could have done it last quarter, they have like a billion of cash on hand and showed a 5M loss last Q, i am guessing they are waiting to bust the damn bear case on it wide open, when that first positive earnings comes out I hope all those automatic investing machines make their choices and start this fucking shit show. but i have no faith in RC he is a billionaire taking gambles with plans and personally i find his shit dumb and lacking any virture or principal…