Pot stocks plunge after Reddit-fueled pop earlier this week: CNBC After Hours
Pot stocks plunge after Reddit-fueled pop earlier this week: CNBC After Hours
CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, CNBC’s Frank Holland hits the massive plunge in cannabis stocks after Reddit traders piled into the space. Plus, CNBC’s Josh Lipton breaks down the ongoing global semiconductor shortage that is snarling production schedules of everything from pickup trucks to gaming consoles.
00:00 — Intro
0:40 — Stocks close mixed
1:37 — Weed stocks tank as Reddit trade loses momentum
2:57 — CNBC Soundcheck
4:32 — The global semiconductor chip shortage
6:44 — Numbers Round
Why the he11 would you cover Pompeo’s 10,000 pens made in China but not cover the MILLIONs of dollars of the Biden Burisma SCANDAL? Deflecting?
People: “This shortage of semiconductors is gonna be the end of us. We need more microchips”
NNDM: “Hold my bear!”
Prices going down?Sweet, everything’s on sale.💰 Im appreciative for this informative content.I remembered to smash the like button.
Wsb has moved morons.. you think it goes mainstream, starts being flooded with human minivans, and continues same as before? You’ll know where it moved next time it hits headlines
Take this good show off your spam channel. I hardly watch it anymore because they are so hard to find.
just a pretty face feeding us lies. get bent woman
https://youtu.be/eIvf5KwhbMc
Why are there so many Bitcoin scammers on YouTube comment section all of a sudden
I’m surprised Bumble wasn’t acquired by Match Group. I could see Facebook buying up ClubHouse in the near future.
I have been trading for seven to eight months now but no positive results, please any advice for a struggling trader at all? I do my best but it doesn’t work out for me.
The chip shortage is partly due to those wonderful tariffs since USA has basically zero semiconductor production.
Can’t jack taxes on imports of something you don’t produce locally without hurting the average joe (costs of electronics surging to compensate)
Marijuana is a gateway drug and it smells awful; yet CNBC gives marijuana more airtime than any topic known to man. Stop promoting these stocks, I don’t want my children contemplating anything about marijuana
Oh yeah really
*Reddit has now been infiltrated by Wall Streets pushing and pumping stocks only to dumped them once the community pushes the price of the stock up. Wall Street is now using WallStreetBets to their advantage after the GameStop short squeeze.*
Why there is no shows on this week?
Lies wsb never said anything about weed stocks the news made it up like the silver thing to distract people from buying GME and AMC I hope these people spreading lies rot in hell they cost people money because they are greedy trashcans
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I truly wish news anchors, journalists and other people writing/reporting on this topic would use a more formal term, like cannabis, rather than "weed." "Weed" diminishes what cannabis actually is – medicine. Glad to see the word cannabis used more in this clip 👏👏👏
The pens were made in China? Who makes $26.00 pens here? So what? Duh!
lol. Cannibis stocks area real thing ya know??
its 2031 and cannabis extracts are now the defacto supplement for everyone. people look at you crazy when you say you don’t dose.
😎
This is becoming ridiculous, so everything that soar it’s all about redditors? I guess wall street market manipulators have found a strong alibi!
Weed stocks are high growth lol XD
Ah yes and here we are, shortage of semiconductors and yet the media failed to touch of the underlying condition thoroughly. Lets keep outsourcing everything to China!🤨 They now have us by the balls with a monopoly on chips, what’s next?
Super weird that they just drop the Pompeo segment in, like it’s relevant here at all. NOT!
pot stocks were not fueled by reddit wtf. Nice clickbait headline.
CNBC is once again the cannabis kiss of death. I wonder how many of you shorted the stocks before airing your 2/10/21 content.
The pop started when Kamala Harris said her and Joe would decriminalize it in her VP debate with Mike Pence. You know this. Yet you continue to blame Reddit Bros. Just stop. All this false information
CNBC doesn’t provide market news…..
……..they provide market influence
Bumble CEO: "We’re all here for equality", literally created an app that does not allow certain features based on the user’s gender. Suk mai bawl
I never knew stock market could be this lucrative until I invested with Mr Phillip Bolton.he keeps saving me from financial hurdles
Will you old people quit calling it “pot.”? Thanks
Stop buying junk Canadian cannabis stocks,
Try buying good cannabis companies, like the industry leaders
Curaleaf
Trulieve
Green Thumb Industries
Cresco labs
Only good cad stocks are
High Tide
Fire and Flower
I was like #420 on a video about that sticky green bliss. What a wonderful world we live in
Still lying huh Still Spreading Propaganda YOU GUYS WHILE HAVE YOUR TURN TRUST ME
WOW so much information in this vid, "Semiconductors are in cars, phones, even laptops", you don’t say?
#cannabisSativa
CNBC is a pump and dumb channel
Who tf made this with that cpu and why?
Blame reddit for everything
Long term, pot stocks look good from here. Check prices a year from now.
"TLRY" May be trying to BREAK OUT !!!!! – YouTube
Whatchu talkin about? With weed stocks I’m at an all time high!
Its not just reddit, investing. SNDL is a good investment it has huge potential
I AM A PERSON OF COLOR AND THE COLOR IS WHITE! WHEN IS WHITE HISTORY MONTH?
You clowns blame everything on reddit now 😂😂😅😆😅
Dems pass bill to give $25M to Pakistan for gender studies, yet CNB chose to report a $10,000 wasted expense from a Republic. When will the Left stop the bias toward the Right.
Citibank – "$318k Bitcoin 2021 year end"
Billionaire Tim Draper – "$250k Bitcoin 2022 year end"
Plan B stock to flow model – "$100k-$288k Bitcoin 2021 year end"
The stealth and slickness of any organization, Reddit WallStreetBets, GME, and other ilk-type of movements, are akin to a union: It screws and sabotages its own people and co-workers. They create "ugly ducklings" to ostracise and copulate. They subterfuge their own ordinary retail trader, whilst the hedge fund managers ARE TOO PROFESSIONAL, cachinnating with capital to recycle, rinse and repeat.