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Reddit@lemmy.worldEnglish · 7 months ago

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

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

Hubi@feddit.de to

Reddit@lemmy.worldEnglish · 7 months ago

Reddit shares are plummeting from the rally highs experienced after the social messaging company's IPO last week.

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msage@programming.dev
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7 months ago
They get paid in cash ffs.

You sell stock when you think it’s overvalued.
- rezifon@lemmy.world
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  7 months ago
  Or you sell stock when you need to rebalance. Fuck spez, but selling 25% at IPO seems sane and reasonable to me.

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