HOOD stock literally ducked me to the core. There is no reason for continual decline. I think right before they went public, they did another round of funding. Venture firms might have got a good chunk of units for cheaper price …now they are are selling it constantly. I don’t know when the bottom gonna hit :-O … super annoying to see it listed at $38 ..dropped to $31 on day-1…spiked to $80 with in a week …since then it’s been dropping ..now it’s at $18. So sorry for all the newly joined folks right before the IPO … it may end up like a scam more dangerous than crypto :-O
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Most ipos do bad in the first year. Also, the entire market is down. I am vouching for robinhood! (And joining the compny soon :) )