I don’t like the Reddit ownership which is exactly why I switched to here…but this article is a month old, they priced their IPO at $34 and it’s currently selling at $55
Obviously this doesn’t mean it can’t change in the future, but it very much has not tanked.
The stock price is gonna get juiced for a bit, and then when the blackout period expires, lots of people are going to sell and the price will drop off a cliff. It’s a pretty common pattern in tech. I’m kinda expecting it to happen with Reddit.
I don’t like the Reddit ownership which is exactly why I switched to here…but this article is a month old, they priced their IPO at $34 and it’s currently selling at $55
Obviously this doesn’t mean it can’t change in the future, but it very much has not tanked.
The stock price is gonna get juiced for a bit, and then when the blackout period expires, lots of people are going to sell and the price will drop off a cliff. It’s a pretty common pattern in tech. I’m kinda expecting it to happen with Reddit.