@[email protected] to RedditEnglish • 6 months agoReddit shares plunge almost 25% in two days, finish the week below first day closewww.cnbc.comexternal-linkmessage-square172fedilinkarrow-up1861arrow-down115cross-posted to: [email protected][email protected][email protected]
arrow-up1846arrow-down1external-linkReddit shares plunge almost 25% in two days, finish the week below first day closewww.cnbc.com@[email protected] to RedditEnglish • 6 months agomessage-square172fedilinkcross-posted to: [email protected][email protected][email protected]
minus-square@venusaurlink14•6 months agoThis was totally expected. Story of most tech IPO’s. It’ll continue to fall into the teens, maybe single digits and stay there for a long time.
minus-squareIWantToFuckSpezlinkfedilink18•edit-26 months agoYep, Facebook dropped 50% after the IPO. If you bought at IPO and held on to the stock you now got 10x ROI. Of course FB makes a ridiculous amount of money from ads even at the IPO while Reddit is still struggling.
This was totally expected. Story of most tech IPO’s. It’ll continue to fall into the teens, maybe single digits and stay there for a long time.
Yep, Facebook dropped 50% after the IPO. If you bought at IPO and held on to the stock you now got 10x ROI. Of course FB makes a ridiculous amount of money from ads even at the IPO while Reddit is still struggling.
Super long term investment