We recently compiled a list of the 10 Firms Suffer Steep Downfall on Monday. In this article, we are going to take a look at where Reddit, Inc. (NYSE:RDDT) stands against the other stocks. Ten companies kicked off Monday’s trading in a bloodbath, mirroring the broader market pessimism, with valuations slashed by double digits mostly due […]
It’s still up 50% year on year.
Based on what though? Stock market valuations have gotten so insane as to be almost meaningless. It’s a giant ponzi scheme.
It’s also lost 46% of its value over the past 6 weeks on a consistent downward trend. Are you throwing more money at Reddit stock just because it’s up year over year?
Nope, but I won’t celebrate until Biden was better for their portfolio.
It is the right direction but wrong magnitude
That doesn’t make sense