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DeepNewz, mobile.
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Reddit's stock has experienced a notable decline, falling nearly 20% since the company's earnings report last week. This drop marks the largest decrease in a year and comes after a six-month rally. Analysts have suggested that despite the selloff, there may still be potential for investment, with some labeling it a buy. The reasons behind the selloff remain unclear, with speculation surrounding market sentiment and external pressures contributing to the decline.
Reddit stock falls more than 20% since last week's earnings report as 6-month rally eases https://t.co/U1RIjUHtLi by @LauraBratton5
Another Friday afternoon selloff… people are getting genuinely anxious about what might happen over the weekend. Markets are scared of the President of these United States of America.
The market is trying to tell you something today. Pay attention. Literally rumors are causing a multitrillion dollar global selloff. Reminiscent of the revelation of DeepSeek a few weeks ago. That means the market is looking for any excuse to sell off. Peak fragility. 2022 vibes.