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#159 – Richard Craib: WallStreetBets, Numerai, and the Future of Stock Trading
Lex Fridman Podcast
Using Reddit to Build a Decentralized Community
Reddit has no contracts, but there are little things that do help. For example, if you've posted a really good investment idea in the past, that exists on Reddit as well. And that's also kind of like giving credibility to your next to your next thing. The reason they liked it is because it had really, really high short interest. It had been shorted more than its own float and so they figured out that if they all bought this bad stock, they could short squeeze some hedge funds.
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