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ToddHoward Fus/Ro/Dah Buy Skyrim again  1mo ago (cnbc.com) 924 thread views #257140

Reddit shares plunge almost 25% in two days, finish the week below first day close

https://www.cnbc.com/2024/03/28/reddit-shares-on-a-two-day-tumble-after-post-ipo-high.html

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Tbf to Spez I'd be cashing out too. He only got 300k cash last year and he may well have personal loans secured against the stock which he's settling.

Whether he continues to sell will speak volumes.

This stock will probably bounce around for a year but trend lower. Maybe advertising revenue ticks up as the economy improves but they have so far to go to break even. Even being flat in this market as a tech company is bleak.

They do have a big pile of cash though from memory so can afford to last a few years

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