Hubi@feddit.de to Reddit@lemmy.worldEnglish · 3 months agoReddit shares plunge almost 25% in two days, finish the week below first day closewww.cnbc.comexternal-linkmessage-square173fedilinkarrow-up1860arrow-down115cross-posted to: reddit@lemmy.ml
arrow-up1845arrow-down1external-linkReddit shares plunge almost 25% in two days, finish the week below first day closewww.cnbc.comHubi@feddit.de to Reddit@lemmy.worldEnglish · 3 months agomessage-square173fedilinkcross-posted to: reddit@lemmy.ml
minus-squarevenusaur@lemmy.worldlinkfedilinkarrow-up14·3 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.
minus-squareIWantToFuckSpez@kbin.sociallinkfedilinkarrow-up18·edit-23 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.
minus-squarevenusaur@lemmy.worldlinkfedilinkarrow-up6arrow-down1·3 months agoSuper long term investment
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