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I won't lie, after being completely bent over by RDDT and HOOD in january/early february, it's comforting to see other people feeling how much it sucks now
$META and $RDDT getting obliterated, insane volume
So tempted to start DC'ing into RDDT. Surely it goes back to ATH at some point...
Starting to sell puts now. META & RDDT. Maybe CRM. Otherwise worried I’ll puss put and never pull the trigger to buy back in. Assign me my shares as I’m bleeding red all over the place (no wait, not like that).
RDDT going back to IPO price
RDDT is now priced fairly low for its strong cash flow and growth
Do we buy RDDT on this dip?
Any hope for my RDDT apr 10 129C? I’m holding over the weekend idc
I'm down 20 percent on RDDT..
RDDT pls stop isn't my ass gaped enough already for you
The way shit's going I'll reset my RDDT limit order to 100.
No, the social media sector specifically declined yesterday due to the lawsuit and precedent it sets. First time any social media company has been held liable. 8% META, 8.7% RDDT. It was across the sector. There is no war yet and I would argue the market is being awfully optimistic but the hedging for downside has been out of control in the options market so there might be a squeeze at some point. Also, I sold my Volvo and bought a used EV with 10k miles on it just a few days ago so I’m with you on an oil shock. I’m surprised it’s been this cheap for this long. I’ve heard rumours that there maybe instances of paper not matching the physical crude deliveries here shortly. Just a rumour but I’m long $OXY and $XOMO.
RDDT is at $24b marketcap and is red on the 1y despite last year being their first profitable year ever *and* announcing $1b in buybacks lol
current bag status: META 17 shares @ $580.30 MSFT 100 shares @ $408.52 RDDT 200 shares @ $135.50
Still up 40% on RCAT. Still up 6% on MU. Bag holding: RDDT -15%, FLT -9%, VEQT -2.4%. I’m not selling shit because of macro reasons. I don’t need this money for years and years. Just touching grass and will DCA when I can.
RDDT is at a **great** price.
It was the lawsuit. All social media stocks tanked. It sets legal precedent for social media being responsible especially for minors and opens them up to a wave of lawsuits. This means less eyeballs on advertising and thats their whole business model. Get them hooked young and they never leave. I own RDDT and saw the same HIGH volume decline in META. META dropped 8%, Reddit dropped 8.7% and similar for SNAP which has now fallen 25.3% since March 1st to $4.01 and is now either a value stock or trap
Shouldn't tech stocks like META and MSFT be the safest (after healthcare maybe) because they rely the least on oil... Except for power. It's not like people will stop using reddit and Facebook and Microsoft due to this conflict. In fact people, at least on this subreddit, are probably using reddit more since we've had several weeks of hundreds of comments on the daily thread a day kinda days... And we still have to go to work, still gotta use Microsoft products, unfortunately teams isn't going away... But META and MSFT are 30% off ATH, RDDT a lot more.. but I'm sure earnings this month and going to be as good as the previous ones in Jan.
Buying more MSFT and RDDT 🤡 Surely mango man will help me out
So we all use RDDT but none of us own it right, LMAO
RDDT is on my watchlist just so I can look at it and know someone's day is worse than mine LMAO
No pal. YOU ruined your portfolio. MSFT and RDDT were just tools.
MSFT and RDDT ruined my portfolio
RDDT already fell 50% this year. How much lower can it go lmfao
2 days, 2 automatic bans, 2 appeals, 2 reversals - fuckin hell, no wonder RDDT is in the gutter
Bro, I've been down that much on my OF subscriptions and to make matters worse, I can just get them for free here on $RDDT.
Very bad precedent for all social media especially Meta and YouTube (google) since there is now legal precedent for a wave of lawsuits to be brought and probably laws banning social media for under a certain age. Snapchat and I believe Tik-Tok settled before the trial. Either way less young eyeballs on your content getting hooked early = less advertising dollars and that’s how they make all their money, advertising. Unfortunately, I own some RDDT so that tanked but I bought puts at the open so it lessens the pain a bit.
As someone who got wrecked from RDDT and HOOD two months ago, thanks for finally joining me guys. It was getting lonely
Honestly though, what's in RDDT for it to increase long term?
Bunch of trash stocks lmao $SNAP down -50.6% YTD $RDDT down -44.6% YTD $PINS down -32.2% YTD $META down -26.35% 6M
Reddit is apparently facing a new federal lawsuit for targeting ads in kid themed sub reddits. #RDDT TO $100 🤣😂🤣😂
With that social media addiction lawsuit against meta, how much do you think we degens can get if we tried to sue RDDT for getting us all addicted to 0dtes?
Fortunately for RDDT only criminally insane narcissists get addicted here
So glad I dropped those April RDDT calls last month
What do u think about $RDDT metacog?
Maybe. These social media stocks like RDDT and META are not doing the best these days. Some investors concerned about the continued strength of ad revenue.
Ass blasted by RDDT today
Decided to sell half my msft holdings and all amzn holdings and swap into MU and RDDT after the drops today. Obviously higher risk, particularly with rddt but with a far greater probability of a huge rebound compared to msft or amzn. The logic being that at the current value rddt and MU realistically can only drop another 40% max before hitting a hard value floor unless some kind of fundamental catalyst changes things. However this is unlikely and the probability of a bounce back is significantly higher. When MU and RDDT bounce back they bounce back much harder than the huge mega caps. I think now is a great opportunity to take advantage of the volatility of these stocks with some of the risk mitigated. Also, swapped a lot into NVDA and TSM I've been bullish on msft, goog and amzn, but realised that NVDA and tsm (also holding) are safer and will grow in synch with them but at a faster pace, because the reliance of growth of these tech companies is so reliant on their ai capabilities that NVDA and tsm automatically win if the tech giants win, but don't necessarily lose if the tech giants lose (the Capex is real).
Maybe RDDT should raise prices to make the stock go up.
RDDT deserves worse for taking our emojis away
Holy tits, luckily I am sitting mostly in cash right now. Adding RDDT and NBIS
Good news, I sold my MSFT and MU calls earlier this month for gains. Bad news, I bought RDDT calls with the proceeds….
RDDT up .1% ah. We are so back baby.
What news caused RDDT to lose 11% in a day??
I want to sell RDDT puts so bad
RDDT making the most obvious cup and handle ever
RDDT casually dropping another 10% in a day
So RDDT dumped 10% mostly because of the EU age verification measures, but how many teens do you know that use reddit?
RDDT also plunged lol, their own CXOs are selling off, I lost big today FML brother
I am down $40k in shares with RDDT. I keep dcaing but it keeps crashing. I dont know if its time to just cut my losses....
Kind of ironic that the main weakness in RDDT defence is that it basically introduced those shorts and video section, which was such a bad idea. Otherwise, so far it looks like META is being hit hard due to whistleblowers
Well I bought 5 more RDDT shares with my stunning cash reserves lmfao.
RDDT surging back, never deserved to be down 10% today anyway
RDDT holy. I timed the bottom perfectly
At some point there will be a different narrative. The world won’t be ending. Some kind of reversal in oil. Media hyping tax refunds or whatever. We know this is how the pendulum goes. The question then is which of today’s bobmed-out names will do best better now and then? Personally I don’t see RDDT having as much headline risk as the big socials. The world won’t stop hoarding Gold. Energy will come down but will still be elevated over a month ago, which means uranium/renewables will be fighting back. Data centers are getting built with or without AI, and that includes memory. What are your ride or die picks?
Dear reddit users, click, like and comment every ad you see. Watch all ads to the end. We need to save RDDT from the ground. Every cent matters, do not neglect. I'll be spending this evening watching ads on reddit.
Really thought I was slick buying those RDDT 131 1D’s this morning…
Thought I got a great cost basis on RDDT last year. Turns out ... I did not.
is RDDT going out of business?
Way to go RDDT, roll out some new restrictive shit on a day like today.
It's amazing RDDT didn't also get sued in the googl meta lawsuit The amount of brain rot damage this site has inflicted is enormous. Just look at all these poor addicted retards
Everyone went bust today... META got obliterated. RDDT is done
This is why I buy NBIS and RDDT The components might change but the infrastructure will remain the same.
I was up over 100% on RDDT at one point... Now it's up 2% lol
im not gunna say anything cuz as someone who bought a ton of RDDT, it's performance is the same as snap
Jesus christ RDDT thank god i took the L earlier instead of holding shit
You bought SNAP imagine if you brought Options you would be way worse. Who invest in SNAP. Invest in something you use like RDDT. Wait, never mind.
Fun fact: if you invested $10,000 in RDDT exactly one year ago, today you would have $9,982. Please subscribe for more fun facts.
I thought RDDT going to 200 lmao
META/RDDT killing me today, oof
The best investing decision I ever made was selling RDDT at 172. The worst decision I ever made was buying it at 215.
Wtf happened to RDDT gahdamn, also SBET is free money if ETH price holds up? Why such a big drop there?
Surely your RDDT calls made up for the loss
I bought the RDDT dip at 160, then 150, 130... I guess I'll wait for 100?
SNAP and RDDT casually losing more than 11% today lmao
> Holy god RDDT. what an absolute disastrous crash over no news. just because you didn't see the news doesn't mean there is no news. the CTO sold 20% of his reddit shares (and the COO sold 3%). large insider sales aren't exactly a good omen.
RDDT going back to IPO, then zero I guess. Makes sense no one uses this site.
Been losing 2k every 10 minutes with RDDT
these dips are ridiculous. RDDT at $130 when war engagement will be a huge win in upcoming earnings. GOOGL at $280 is a steal.
I'm buying dip on RDDT. I get all my local, world, and stock news from this site. It is a great site for having a place to discuss so many niche topics as well.
I'm buying dip on RDDT. I get all my local, world and stock news from this site.
Can someone explain why RDDT is down 11% in 4 hours
Holy god RDDT. what an absolute disastrous crash
If RDDT is any indication, $0 apparently
#It's safe to say that META and RDDT are basically bankrupt at this point LMAO🤌
Maybe it was Reddit pushing the RDDT comments?
RDDT going out of business on a random Thursday? Its down 10%