In its IPO documents, Reddit said the price and volume of its stock could “experience extreme volatility for reasons unrelated to our underlying business.”
  • _number8_@lemmy.worldEnglish
    0·
    5 months ago

    almost you shouldn’t place cheeky little bets on if a company will succeed or not. bet on sports like a normal person. shareholders ruin every single company

    • iopq@lemmy.worldEnglish
      0·
      5 months ago

      Nikola shorts profited from the company being a scam and being exposed. They did a useful service by driving the price down.