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
https://www.cnbc.com/2024/03/28/reddit-shares-on-a-two-day-tumble-after-post-ipo-high.html
5 Comments
Crackhappy@lemmy.world · 24 pts · 2y
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