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A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock. (www.theverge.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.::Reddit seems like a likely candidate for a meme stock. But the actual reaction suggests that r/WallStreetBets isn’t going to send the stock to the moon.

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[–] TranscendentalEmpire@lemm.ee 2 points 9 months ago

like 95% of people who are paid to beat the market perform worse than index funds over any period greater than 5 years.

Not too crazy to imagine, especially with how the markets have been behaving recently. Index funds have been having crazy returns the last year or so.