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Reddit 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 IPO ...
Reddit on Monday said it expects to price shares between $31 and $34 each when it makes its long-anticipated initial public offering, which will make it the first social media company to go public ...
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Reddit currently trades at 8.5 times this year's estimated sales. Assuming its price-to-sales ratio holds steady, it would need to increase its annual revenue at a compound annual growth rate ...
Shares of social media company Reddit (NYSE: RDDT) soared on Friday after the company announced a partnership with Microsoft's OpenAI. As of 11 a.m. ET today, Reddit stock was up 14%. As of 11 a.m ...
(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 that could set the ...
In January 2024, researchers concluded that there was a causal link between the Reddit/Twitter activity and the movements in the stock price. 2024 rally. On May 12th 2024, Keith Gill (a.k.a. DeepFuckingValue, Roaring Kitty) posted to X an image of a person leaning forward in a chair. This caused the GameStop stock price to rise from under $14 ...
Reddit became synonymous with the meme stock rally of 2021. Now, its stock has become a meme itself. Reddit stock popped more than 12% on Tuesday and has rallied more than 30% since its initial ...