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