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Reddit stock's stellar market debut has drawn significant bearish bets against the social media forum in its first few days of trading, data from analytics company Ortex on Wednesday showed. Based ...
By Niket Nishant (Reuters) -Reddit's shares opened 38% above the offer price when they started trading on Thursday, valuing the social media platform at $8.87 billion in a closely watched debut ...
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful jargon, aggressive trading strategies, stories of extreme gains and losses acquired in the stock market, and for playing a major role in the GameStop short squeeze that caused significant losses for a number of US hedge funds and ...
SAN FRANCISCO (AP) — Reddit will enter a new era as a publicly traded company with a market value of $6.4 billion after the social media platform's initial public offering was priced at $34 per ...
Reddit ( RDDT) stock soared on its first day of trading, ending the day up nearly 50% from its initial public offering price of $34 a share. The stock closed at $50.44 on Thursday, up 48% from the ...
Meme stock. A meme stock is a stock that gains popularity among retail investors through social media. [ 1][ 2][ 3] The popularity of meme stocks is generally based on internet memes shared among traders, [ 4] on platforms such as Reddit 's r/wallstreetbets. [ 5] Investors in such stocks are often young and inexperienced investors. [ 6]
The technology company Facebook, Inc., [ a] held its initial public offering (IPO) on Friday, May 18, 2012. [ 1] The IPO was one of the biggest in technology and Internet history, with a peak market capitalization of over $104 billion.
Reddit, one of the original social media companies, is finally making its debut on the New York Stock Exchange Thursday — more than a decade after many of its peers. Welcome to the market, RDDT!