Will you follow Cathie Wood to buy Reddit?

JacksNiffler
04-02

On the first day of the $Reddit (RDDT)$ IPO, Cathie Wood's Ark Invest bought 10,000 shares, with 5,914 shares of Reddit purchased in the $ARK Next Generation Internet ETF(ARKW)$ fund and 4,068 shares in the $ARK Fintech Innovation ETF(ARKF)$

Since it was bought on the first day, Reddit's IPO price was $34 per share, the Thursday opening price was $47 per share. As of April 2nd, the closing price was $45.97 per share, and this batch of holdings may already be incurring losses.

So, if you had the chance to buy Ark at the bottom, would you buy it?

# Reddit is Sinking! Will You Short the Meme Stock?

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  • Azerone.Kee
    ·04-02
    to me the sample size is too small for analysis, I will not try my luck, and so I will keep a way from it until one day it might catch my attention again.
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