Tag: Reddits

Reddit’s Enhanced Advertising Tools Drive ‘Sizable Upside’: JPMorgan

Reddit’s Enhanced Advertising Tools Drive ‘Sizable Upside’: JPMorgan Reddit Inc (NYSE:RDDT) shares are on the rise following the company’s impressive first-quarter sales performance, which surpassed expectations. Reddit’s stock surged 14.82% in pre-market trading on Wednesday, as it reporting Q1 earnings after the market closed on Tuesday. Reddit’s Q1 earnings per share (EPS) beat estimates by […]

Why Reddit’s IPO won’t spark a boom in companies going public

Reddit’s (RDDT) IPO marks the first major company to go public in 2024. But experts don’t think it will bring a grand reopening of the IPO market, which has cooled off since 2021. “I don’t think there’s going to be a boom,” said University of Florida Warrington College of Business professor Jay Ritter, who studies IPOs. […]