Reddit one day after the IPO corrected to the IPO price
March 22, 2024
ARK Invest, founded by popular investor Cathie Wood, bought nearly 10,000 shares of the company on Thursday, according to an email from the trustee.
However, users of Reddit’s largest stock trading forum were sceptical about the company, despite it becoming the platform of choice for retail traders during the 2021 “meme stock” craze.