In its IPO documents, Reddit said the price and volume of its stock could “experience extreme volatility for reasons unrelated to our underlying business.”

Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price::In its IPO documents, Reddit said the price and volume of its stock could “experience extreme volatility for reasons unrelated to our underlying business.”

  • Pyr_Pressure@lemmy.caEnglish
    4·
    9 months ago

    Ya if anything I would have expected Robinhood to have been destroyed by WSB but it’s still kicking at $14.48/share.

    They did do a number on it though since it IPOd around $60 and even almost hit $90 there briefly before plummetting to around $8.

    Reddit will probably do the same thing, start in the middle but a brief high and then plummet before finding an equilibrium about 1/4 of what reddit initially thought it would be worth.