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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 ...
Snoo, mascot of Reddit Inc., rings the opening bell during the company's initial public offering (IPO) on the floor of the New York Stock Exchange on Thursday, March 21, 2024.
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 ...
For April Fools' Day 2022, Reddit once again featured r/place, similar to the event featured in 2017. The subreddit featured a 1000 x 1000 pixel collaborative canvas which users could edit the color of a single pixel every five minutes. However moderators could edit any color at anytime. The event began on April 1, 2022, at 1:00 PM GMT, and ...
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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 and profane jargon, aggressive trading strategies, and for playing a major role in the GameStop short squeeze that caused losses for some US firms and short sellers in a few days in early 2021.
Trading day. In business, the trading day or regular trading hours (RTH) is the time span that a stock exchange is open, as opposed to electronic or extended trading hours (ETH). For example, the New York Stock Exchange is, as of 2020, open from 9:30 AM Eastern Time to 4:00 PM Eastern Time. Trading days are usually Monday through Friday.
Short sellers aim to profit by selling borrowed shares and buying them back later at a lower price. On Wednesday, Reddit shares fell 12% to $56.91, snapping a two-day streak of gains. In its ...