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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.
The stock immediately began trading at more than double the IPO price, and it is now around $163, thanks to the company’s strong financial performance and high post-pandemic travel demand.
Reddit ( / ˈrɛdɪt /) is an American social news aggregation, content rating, and forum social network. Registered users (commonly referred to as "Redditors") submit content to the site such as links, text posts, images, and videos, which are then voted up or down ("upvoted" or "downvoted") by other members. Posts are organized by subject ...
The Rothschild family (/ ˈ r ɒ θ (s) tʃ aɪ l d / ROTH(S)-chylde German: [ˈʁoːt.ʃɪlt]) is a wealthy Ashkenazi Jewish noble banking family originally from Frankfurt that rose to prominence with Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of Frankfurt, Holy Roman Empire, who established his banking business in the ...
The Nasdaq Stock Market (/ ˈ n æ z d æ k / ⓘ; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City.It is the most active stock trading venue in the U.S. by volume, [3] and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. [4]
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 ...
Condé Nast ( / ˌkɒndeɪˈnæst /) is a global mass media company founded in 1909 by Condé Montrose Nast (1873–1942) and owned by Advance Publications. [ 1] Its headquarters are located at One World Trade Center in the Financial District of Lower Manhattan . The company's media brands attract more than 72 million consumers in print, 394 ...
It will probably be a bumpy ride in coming months. Shares of social media platform Reddit (NYSE: RDDT) went up 17.8% in June, according to data provided by S&P Global Market Intelligence.. It was ...