And sure enough, RDDT shares cratered as much as 20% after hours, but it has a long way to drop as the stock has increased more than sixfold since it went public last March, and had already jumped more than 30% this year, significantly outpacing the broader market. It’s been one of the best performing stocks to go public since the market for IPOs began to slow in 2022. Unfortunately, now that US growth has peaked and is declining, the growth case is over and there will be a lof of pain as the company find its new fair value some 70% lower...