In its IPO documents, Reddit said the price and volume of its stock could “experience extreme volatility for reasons unrelated to our underlying business.”
My sentiments exactly. The enemy of my enemy is my friend, as annoying as they can be. Now that I'm not using reddit I wish them the best of luck wreaking havoc.
Does form an interesting premise though for a collectivist tool of anticapitalist warfare.
Firms taking short positions are some of the most low down parts of the stock and trade system, so you could cost the parasites millions and billions by organizing mass buys of stock on firms with shorted stock, and the best part is that the folks holding shorted positions can lose infinitely, so basically enough people working together would be able to pull the equivalent of stringing the leaches up by their nutsack and then dragging them around by it on a gravel pathway by horseback