Does Reddit want to be a meme stock?

As Reddit prepares to go public, its executives have concocted a plan to stay in their most important stakeholders’ good graces.

In early 2021, stocks began behaving strangely. Retail investors, coordinating on internet platforms, decided to band together and coordinate their stock trades—chiefly, they plotted on Reddit.

On the subreddit WallStreetBets, as well as on its sister channel on the messaging app Discord, investors organized a historic short squeeze of GameStop in early 2021, an effort that bounced the video game retailer’s stock price up 1,700 percent in a matter of weeks and eventually caused the closure of a once-successful hedge fund Melvin Capital…Read Full Article