Snowflake IPO at $120 and it’s up at $280 already? Wtf is that? Ultimate Hype? Where do you think it’s going to close at today? This makes the Tesla stock rally look normal and quite sane now lol.
Irony that this post is coming from Tesla employee.
The stock market has completely decoupled from the real economy, It’s just a casino. Congrats to Snowflake employees though, ride that wave
Were IPOs ever close to real economy? Most IPOing companies loosing money now.
This does not remotely make Tesla rally look “normal”.
Value jumped up after news broke out that Warren Buffet decides to purchase snowflake stocks. It’s all hype right now. I’d wait a few days to even a week before making a decision.
It peaked at 319 lmao. WallStreetBets on Reddit was nuts.
Just like Tesla these days 😀
Every IPO is hype the first few days. It's just early investors/banks cashing in on useful idiots
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