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

this post was submitted on 30 Mar 2024

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

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 110 points 8 months ago (2 children)

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

[–] [email protected] 17 points 8 months ago (2 children)

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.

[–] [email protected] 13 points 8 months ago

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

[–] [email protected] 11 points 8 months ago (1 children)

Then:

Fomo
Dives 60%
...
profit?

[–] [email protected] 4 points 8 months ago

Profit loss

[–] NewNewAccount 1 points 8 months ago

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