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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 ... which could negatively affect the company’s stock price once it is public. ... Yahoo Sports ...
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange (NYSE) in New York on March 21, 2024. (Photo by TIMOTHY A. CLARY / AFP) (Photo by TIMOTHY A. CLARY ...
In January 2021, Reddit users on the r/wallstreetbets subreddit built the foundations for a short squeeze on GameStop, pushing up the stock price significantly. [11] This occurred shortly after a comment from Citron Research predicting the value of the stock would decrease. [ 24 ]
Steve Huffman (born 1983 or 1984), also known by his Reddit username spez ( / spɛz / ), is an American web developer and entrepreneur. He is the co-founder and CEO of Reddit, a social news and discussion website, which ranks in the top 20 websites in the world. [ 4] He also co-founded the airfare search engine website Hipmunk, which shut down ...
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 ...
For example, Needham analyst Laura Martin raised her price target for Reddit stock to $75 per share on June 18, according to The Fly. For perspective, Martin's price target had already been raised ...
(Reuters) -Reddit's shares opened 38% above the offer price when they started trading on Thursday, valuing the social media platform at $8.87 billion in a closely watched debut that could set the ...