Pot Stocks Plunge After Reddit-Fueled Pop Earlier This Week: CNBC After Hours
CNBC’s Frank Holland hits the massive plunge in cannabis stocks after Reddit traders piled into the space.
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CNBC’s Frank Holland hits the massive plunge in cannabis stocks after Reddit traders piled into the space.
The app was started in 2014 by Wolfe Herd, who previously co-founded the dating app Tinder. Only women can initiate the interest.
The shares of the dating app, where women make the first move, soared to as high as $76 from its initial price of $43 per share on its trading debut on Thursday.
The shares of Bumble (BMBL) closed 63.51% up on their first day of trading. Each stock was worth $70.31 after close of trading on Thursday.
“I think they’ll have tremendous numbers in the second half, they just fill different roles in your portfolio,” the “Mad Money” host said.