Reddit Wants to Go Public. Should You Buy Its IPO?
Can the company that launched the meme stock rally be a good investment itself? Reddit is credited with being the breeding ground for investors who rallied together behind highly shorted stocks such as AMC Entertainment, GameStop, and Bed Bath & Beyond and sent their shares soaring to astronomical heights.
Although some of these companies maintain a core following of traders, the enthusiasm held for many meme stocks has long since cooled and many have revisited their previous low valuations.
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Source Fool.com
