Redditors don't want to buy Reddit stock

Thu, 02/22/2024 - 17:29

Wall Street Bets users have driven up the GameStop stock price. Reddit is warning they could cause volatility in its own stock.
Reuters/BI

Reddit's upcoming IPO will give its moderators a chance to buy stock.
But on the popular r/WallStreetBets and r/stocks subreddits, lot of users aren't interested.
"Can we pre-register to short?" one Redditor asks.

Reddit announced it is going public, with an IPO planned for next month under the ticker RDDT. And on Wednesday, it announced a $60 million-a-year deal with Google to license its content for AI training.