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Reddit debuted on the New York Stock Exchange on Thursday. The platform has been around since 2005, but it gained increased recognition during the meme frenzy in 2021.
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 ...
Reddit soared in its Wall Street debut as investors pushed the value of the company close to $9 billion seconds after it began trading on the New York Stock Exchange. Reddit, which priced its IPO ...
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 into ...
The subreddit r/wallstreetbets is an online community on Reddit, a social news website. The community is known for discussion about meme stocks and high-risk stock transactions. [12] Observers congregating around r/wallstreetbets believed the company was being significantly undervalued, and with such a large amount of the stock being short they could trigger a short squeeze, by driving up the ...
Chief among them is Steven Huffman, Reddit’s cofounder and CEO, who plans to sell 500,000 shares. Huffman could make $17 million if the IPO prices at $34.
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 ...
The jump pushed the stock up at $63.64, within striking distance of the record closing price of $65.11 hit in late-March, putting the company on track to add $1.2 billion to its market capitalization.