this post was submitted on 23 Feb 2024
650 points (95.8% liked)

Technology

58451 readers
6042 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
enu@lemm.ee
L4s@lemmy.world
fry@fry.gs
L3s@fry.gs
enu@lemmy.world
L4s@fry.gs
650
Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price (gizmodo.com)
submitted 7 months ago by return2ozma@lemmy.world to c/technology@lemmy.world
109 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] Dontsendfeetpics@lemm.ee 15 points 7 months ago (1 children)

No, but a 10% drop from the prior close triggers a short sell restriction for a full trading session. In that event, you can only short on upticks in price. Unless you are day trading shorts, it’s a meaningless restriction that’s easily abusable by HFTs.

[–] roguetrick@kbin.social 3 points 7 months ago

I'm not knowledgeable about it for sure, it just seems rather next to impossible to tank an IPO with borrowed shares alone.