this post was submitted on 19 Jul 2024
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~20% down in the last month
They're about where they were back in early June. If they weather this, I don't see a reason why they wouldn't jump back to their all-time high in late June. This isn't a fundamental problem with the solution, it's a hiccup that, if they can recover quickly, will be just a blip like there was in early June.
I think it'll get hammered a little more today, and if the response looks good over the weekend, we could see a bump next week. It all depends on how they handle this fiasco this weekend.