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Reddit @lemmy.ml

11mo ago

Reddit shares plunge almost 25% in two days, finish the week below first day close

www.cnbc.com Reddit shares plunge almost 25% in two days, finish the week below first day close

Reddit shares are plummeting from the rally highs experienced after the social messaging company's IPO last week.

Reddit shares plunge almost 25% in two days, finish the week below first day close

Reddit @lemmy.world

Hubi @feddit.de

11mo ago

Reddit shares plunge almost 25% in two days, finish the week below first day close

www.cnbc.com /2024/03/28/reddit-shares-on-a-two-day-tumble-after-post-ipo-high.html

Reddit shares plunge almost 25% in two days, finish the week below first day close

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29 comments

No one could have foreseen this. No one. Not a sausage.
- But now we will see next week... Everyone thinks it will take a nose dive, but sometimes the market surprises us. I would not be surprised if it goes up 6% on Monday.
  
  Dead cat bounce before it settles into its long-term valuation
  
  Then:
  Fomo
  Dives 60%
  ...
  profit?
  
  Profit loss
- Facebook was also down after a couple days and in its first couple weeks. Look how that turned out.

29 comments