@[email protected] to RedditEnglish • 9 months agoReddit shares plunge almost 25% in two days, finish the week below first day closewww.cnbc.comexternal-linkmessage-square171fedilinkarrow-up1861arrow-down115starcopymore-verticalflagCreate ReportslashBlock usercross-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 • 9 months agomessage-square171fedilinkstarcopymore-verticalflagCreate ReportslashBlock usercross-posted to: [email protected][email protected][email protected]
minus-square@venusaurlink14•9 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. arrow-up114arrow-down10file-textreply1starmore-verticalmailMessageflagCreate ReportslashBlock user
minus-squareIWantToFuckSpezlinkfedilink18•edit-29 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. arrow-up118arrow-down10file-textreply1starmore-verticalmailMessageflagCreate ReportslashBlock user
minus-square@venusaurlink5•9 months agoSuper long term investment arrow-up16arrow-down11file-textreply1starmore-verticalmailMessageflagCreate ReportslashBlock user
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