Reddit cites r/WallStreetBets as a risk factor in its IPO filing

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As Reddit finally files to go public, the company wrote in its S-1 filing that “meme stock” schemes on r/WallStreetBets could pose a risk to investors. The subreddit r/WallStreetBets, a community of retail traders with 15 million members, describes itself as being “like 4chan found a Bloomberg Terminal.” It’s most well known for coordinating a © 2024 TechCrunch. All rights reserved. For personal use only.

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