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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 ...
The IPO valued Reddit at $6.4 billion, while the company and its selling shareholders raised $748 million. Reddit's long-awaited entry into public markets has been in the works for more than two ...
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 ...
According to one 2022 analysis published in The Journal of Alternative Investments, bitcoin was less volatile than oil, silver, US Treasuries, and 190 stocks in the S&P 500 during and after the 2020 stock market crash. [138] The term hodl was created in December 2013 for holding Bitcoin rather than selling it during periods of volatility. [139 ...
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 ...
Reddit chases a $6.5 billion valuation as the IPO is expected to price on Wednesday. ... Reddit’s market cap could reach $5.4 billion, a little more than half of the $10 billion valuation it ...
Here's Why Reddit Stock Went Up 18% Last Month. Jon Quast, The Motley Fool. July 3, 2024 at 6:09 PM. Shares of social media platform Reddit(NYSE: RDDT) went up 17.8% in June, according to data ...