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

https://www.cnbc.com/2024/03/28/reddit-shares-on-a-two-day-tumble-after-post-ipo-high.html

108 points · 5 comments · view on lemmy.world

5 Comments

Crackhappy@lemmy.world · 24 pts · 2y (3 replies)

Anyone else shorting trump media?

perviouslyiner@lemmy.world · 11 pts · 2y

Is it even possible to short a 'stock' that's just a disguised political donation?

Jaysyn@kbin.social · 8 pts · 2y

Trump, probably.

graycube@kbin.social · 8 pts · 2y

I don't think people are buying DJT because they expect to make money. It is more of a cult and prestige stock. One article called it a "meme stock". This makes the price harder to predict because it isn't based on numbers but something much less tangible. Throw in some securities fraud, and a few billionaires thinking it is another way to bribe or gain access to his majesty and this is a ticker I wouldn't touch with a 20 foot pole.

Coldgoron@lemmy.world · 18 pts · 2y

AFC1886VCC@reddthat.com · 7 pts · 2y
[ removed ]