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.
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
Based on what though? Stock market valuations have gotten so insane as to be almost meaningless. It’s a giant ponzi scheme.