In this case Reddit stock.
YES it is. It’s an overpriced stock. It will probably drop a lot more especially if the overall market takes a dump soon. I love Reddit but I can’t even determine an intrinsic value for it right now. But its PE for sure makes it overvalued. Some of you aren’t real investors and are just speculators. We are trying to buy a dollar for 50 cents. Not high priced stocks at 140 PE.
Not trying to shit on Reddit because I love the app and use it all the time. Didn’t they just start turning a profit recently and producing cash flow?