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The intro paragraph is confusing. > Reddit closed out its first day on the market up almost 50%, but has since come crashing back down to earth at 30%. So the
by bumbledraven 2y ago
The intro paragraph is confusing.
> Reddit closed out its first day on the market up almost 50%, but has since come crashing back down to earth at 30%.
So the price was up 50% from the IPO, and now it's only up 30%? That hardly seems like crashing back to Earth, which would be "up 0% from the IPO", if I understand the metaphor correctly.
> Despite the drop, Reddit is beginning to rethink how it functions now as a public company.
Why "Despite" instead of "Because of"? If the price continued to rise, I would think that would make the owners want to continue doing whatever they were doing, at least for a while longer.
- deleted 2y ago[deleted]