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The stock debuted at $34 per share and closed the day up 48%, but that was nothing compared to what was to come. On Dec. 9, shares hit a jaw-dropping 52-week high of $180.74, a massive 432% ...
Reddit's stock leaps nearly 40% after the social media company reported a quarterly profit amid strong user growth.
The run-up in the stock price has dramatically increased its valuation, leaving investors to question whether they are too late.
What's driving Reddit's stock to new heights today? Check out how the social discussion forum crushed analysts' expectations in the third quarter.
Reddit stock soared more than 40% to a record high of $117 on Wednesday after the newly public social media company reaped its first-ever post-IPO profit. ... Although its adjusted earnings per ...
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Reddit priced its shares at $34 each, valuing the company at around $6 billion, less than the $10 billion valuation the company targeted on the private market in 2021 — which may be a reminder ...