Maybe this is a dumb question, but how does the day to day health of the reddit community affect the stock price? Wouldn’t a simpler explanation be that reddit stock is in decline like most other stocks right now because of the overall market uncertainty?
It could indicate that investors don’t like these moves and see it as a risk for the future of the company. Or it could indicate that line goes up or down randomly, who knows, not the folks on wall street that’s for sure.
I also thought the same but Reddit dropped a whopping 50% from Feb. That is abnormal compared the the decline in other stocks. But as for the reason it could be anything really, if you could know for sure you can make a lot of money.
Stock prices are mostly speculation these days, thay don’t reflect the actual financial standing of a company, but more the public perception of the company. People get pissed at reddit, dump the shares they were holding and the demand drops, so the price goes down.
…I think.
Maybe this is a dumb question, but how does the day to day health of the reddit community affect the stock price? Wouldn’t a simpler explanation be that reddit stock is in decline like most other stocks right now because of the overall market uncertainty?
It could indicate that investors don’t like these moves and see it as a risk for the future of the company. Or it could indicate that line goes up or down randomly, who knows, not the folks on wall street that’s for sure.
I also thought the same but Reddit dropped a whopping 50% from Feb. That is abnormal compared the the decline in other stocks. But as for the reason it could be anything really, if you could know for sure you can make a lot of money.
Stock indexes, typical stocks, are down about 10% from highs around that period.
Stock prices are mostly speculation these days, thay don’t reflect the actual financial standing of a company, but more the public perception of the company. People get pissed at reddit, dump the shares they were holding and the demand drops, so the price goes down. …I think.