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Reddit's stock $RDDT, which went public with an initial price of $34 per share, has surged to a market cap of $10.6 billion, representing a 92% increase. However, the stock has since fallen by 16% amidst concerns, with short-selling activities and insider selling contributing to the decline.
Reddit's Sky-High IPO: Too Much Enthusiasm and Overvaluation $RDDT #stocks #investing #valueinvesting #Tech #Technology #Value https://t.co/Mn7WEcC8Yg
$RDDT | 3 Reddit Executives Sold Too Early And Missed Out On $19M In Additional Gains From IPO Several Reddit executives sold shares of the company, but it was part of the IPO process. The executives missed out on further gains by selling early based on the current Reddit… https://t.co/n8F9W4V8Ox
r/hotmoney: Reddit $RDDT ends quarter below its first-day close, at $49.32 (still 45% above offer price). A very turbulent first full week, soaring 42% on Monday/Tuesday, then giving up almost all the gains by Friday.