Reddit shares plunge almost 25% in two days, after soaring 30% on Monday, and finish the week at $49.30, below the first trading day close of $50.44 (Jonathan Vanian/CNBC)

Jonathan Vanian / CNBC:

Reddit shares plunge almost 25% in two days, after soaring 30% on Monday, and finish the week at $49.30, below the first trading day close of $50.44  —  The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024.