Dow Jones futures were little changed Friday morning along with S&P 500 futures and Nasdaq futures. Applied Materials (AMAT), Reddit (RDDT) and Advanced Micro Devices (AMD) X The stock market rally is right around record highs, with the Dow Jones briefly topping 40,000 intraday Thursday. Microsoft will offer cloud-computing customers the option of using AI […]
(Reuters) – Reddit shares soared 14% on Wednesday after the social media firm floored investors with strong revenue growth and improving profitability in the first earnings since its market debut. The company surprised Wall Street late on Tuesday with a forecast that it could post an adjusted profit in the second quarter, and its revenue […]
Reddit Shares Soar On First Post-IPO Q1 Results, Strong Q2 Guidance Reddit, Inc. (NYSE:RDDT) reported its first-quarter financial results after the bell Tuesday. Here’s a look at the highlights. The Details: Reddit reported quarterly losses of $8.19 per share which missed the analyst consensus estimate of losses $6.97 by 17.5%. Quarterly sales clocked in at […]
Claim: A picture shows a woman cutting her own birthday cake in Tehran, Iran, in 1973. Rating: Rating: Mostly True Context: The photograph was shot in Tehran in 1971, not 1973. Sima, the woman in the picture, had recently been hired as a flight attendant for Iran Air and was cutting the cake for a […]
Social media platform Reddit (RDDT) soared more than 120% from its IPO price following its March 21 debut. Following the successful initial public offering, is Reddit stock a buy in today’s stock market? X This week, Reddit stock has been finding support around the 45 price level amid the type of volatile trading often seen […]
One of the most anticipated initial public offerings (IPOs) of 2024 was Reddit (NYSE: RDDT), a social media company that is best known for its subject-matter forums, called subreddits. It’s a landing page for people interested in researching a topic but also looking for user feedback and commentary. In general, IPO stocks tend to be […]
Investors’ enthusiastic reaction to the merger of Donald Trump’s social-media platform with a SPAC to form Trump Media & Technology Group Corp. followed the previous week’s successful initial public offering of shares by Reddit. – Getty Images, Reddit Donald Trump said it would be difficult for him to post a $454 million bond while appealing […]
Reddit CEO Steve Huffman and other top executives and board members late Wednesday disclosed share sales, just a week after the social network had in its initial public offering. RDDT stock fell overnight. X Reddit CEO Steve Huffman sold 500,000 shares on Monday at an average $32.30 price, receiving $16.15 million. CFO Vollero Andrew sold […]
Reddit became synonymous with the meme stock rally of 2021. Now, its stock has become a meme itself. Reddit stock (RDDT) popped more than 12% on Tuesday and has rallied more than 30% since its initial public offering (IPO) last Thursday. Some reports have pegged an uptick in options volume to the recent surge in […]
Reddit (RDDT) opened at $47 per share on Thursday after the social media platform priced its initial public offering at $34 per share. The stock soared roughly 60% to trade above $53 in the first minutes of trading as a public company. The company’s debut on the New York Stock Exchange had been highly anticipated, […]
Reddit (RDDT) opened at $47 per share on Thursday after the social media platform priced its initial public offering at $34 per share. The stock soared roughly 60% to trade above $53 in the first minutes of trading as a public company. The company’s debut on the New York Stock Exchange had been highly anticipated, […]
Reddit (RDDT) opened at $47 per share on Thursday, about 35% higher than the social media platform’s initial public offering price of $34 per share. The stock soared to trade above $53 in the first minutes of trading as a public company. The company’s debut on the New York Stock Exchange had been highly anticipated, […]