Shares of Endeavor Group Holdings surged over the past two days as the company hit a market cap of $18 billion — nearly double its initial $10 billion valuation in SEC documents pre-IPO.Volatility’s very common with initial public offerings.
But as Wall Street assesses the company’s business and prospects, another set of investors including fans of the popular UFC, and of Endeavor board member Elon Musk, have begun to populate chatrooms with questions and advice.“All in EDR stock….
Who needs diversity when you have Daddy White and Papa Musk on your side,” urged one post on Wallstreetbets – the Reddit chatroom that launched the GameStop and AMC Entertainment meme stock frenzy.
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