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		brookst on June 16, 2023 \| parent \| context \| favorite \| on: Reddit appears to be restoring edited/deleted comm... Investors aren’t that dumb, and if they were, your theory would create liability for securities fraud.

Eisenstein on June 16, 2023 [–]

> Investors aren’t that dumb

Maybe not individually, but this is an IPO and the P stands for Public, and when you aggregate everyone together then intelligence is a moot concept.

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