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

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

submitted 7 months ago by ylai@lemmy.ml to c/reddit@lemmy.ml

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[-] fartsparkles@sh.itjust.works 109 points 7 months ago

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

[-] 1984@lemmy.today 17 points 7 months 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 13 points 7 months ago

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

[-] masterofn001@lemmy.ca 11 points 7 months ago

Then:

Fomo
Dives 60%
...
profit?

[-] finickydesert@lemmy.ml 4 points 7 months ago

Profit loss

[-] NewNewAccount@lemmy.world 1 points 7 months ago

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

this post was submitted on 30 Mar 2024

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