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The steep decline (vs. the market at large) so far today seems like a reflection of an investor flight to security (and away from risk) during a highly volatile
by danans 8y ago
The steep decline (vs. the market at large) so far today seems like a reflection of an investor flight to security (and away from risk) during a highly volatile situation the stock market.
Curiously, another recently IPO'd company, Beyond Meat, is currently up 3.75% on the same day that ride-share companies are down 7-11%, and the market at large is down 3-5%. That suggests that investors at least, have some pretty high confidence in alt-meat companies.