Meesho shares experienced a significant decline, hitting a 5% lower circuit on January 7th. This drop was attributed to two main factors: the expiry of a one-month shareholder lock-in period, making approximately 2% of outstanding shares tradable, and the resignation of General Manager - Business, Megha Agarwal. Despite these events, some analysts maintain a positive long-term outlook, noting the stock remains above its IPO price, though it has fallen considerably from its December peak.