Reddit stock sliding after hot launch

[beschizza]

Originally published at: https://boingboing.net/2024/04/01/reddit-stock-sliding-after-hot-launch.html

…

[danimagoo]

I haven’t sold my shares yet, but I didn’t exactly buy a ton. I own 5 shares, lol. I could have made a quick $100+ if I’d sold on day 1. I’d still make about $60 if I sold right now, but I’m just gonna hold it for awhile.

[bryanlarsen]

Truth Social (DJT) makes RDDT look like a safe bet. It’s already down 25% today.

[KowboyBob]

[RickMycroft]

■■■■■ will have to try to gather the gullible.

[GagHalfrunt]

Truth Social reports $58 million loss: share price in freefall

[Mindysan33]

Hopefully, you can make a little cash, but I just don’t see how any of these things are going to be profitable and stable as a stock.

[robertbos]

For context, mastodon.social has more users than Trump Social, and operates on like 350k euro in donations. And they’re developing the software!

There’s a phenomenal grift here, or maybe grifts all the way down.

[fuzzyfungus]

You gotta know when to hodl 'em…There’ll be time enough for valuation when the deal is done.