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ylai@lemmy.ml to Reddit@lemmy.mlEnglish · 1 year ago

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

www.cnbc.com

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

www.cnbc.com

ylai@lemmy.ml to Reddit@lemmy.mlEnglish · 1 year ago
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  • cross-posted to:
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Reddit shares are plummeting from the rally highs experienced after the social messaging company's IPO last week.
  • fartsparkles@sh.itjust.works
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    1 year ago

    No one could have foreseen this. No one. Not a sausage.

    • 1984@lemmy.today
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      1 year ago

      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.

      • stewie3128@lemmy.ml
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        1 year ago

        Dead cat bounce before it settles into its long-term valuation

      • masterofn001@lemmy.ca
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        1 year ago

        Then:

        1. Fomo
        2. Dives 60%
        3. …
        4. profit?
        • t�m@lemmy.ml
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          1 year ago
          1. Profit loss
    • NewNewAccount@lemmy.world
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      1 year ago

      Facebook was also down after a couple days and in its first couple weeks. Look how that turned out.

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