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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 (/ ˈ r ɛ d ɪ t /) 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.
Snoo, mascot of Reddit Inc., rings the opening bell during the company's initial public offering (IPO) on the floor of the New York Stock Exchange on Thursday, March 21, 2024.
As of August 2021, the group owns Condé Nast, which includes the magazines Vogue, The New Yorker, and Wired, [9] Turnitin, The Ironman Group, Advance Local, American City Business Journals, Stage Entertainment, Leaders Group, and the Seattle-based digital agency Pop, Inc., and is a large shareholder in Reddit. [10] [9]
Reddit chases a $6.5 billion valuation as the IPO is expected to price on Wednesday. ... Reddit will trade on the New York Stock Exchange under the ticker RDDT. Founded in 2005, Reddit allows ...
SAN FRANCISCO (AP) — Reddit and its eclectic bazaar of online communities is ready to plumb high-stakes territory — the stock market. The company priced its IPO at $34 a share Wednesday and shares will begin trading Thursday on the New York Stock Exchange under the ticker symbol “RDDT.” The market debut is likely to spur a flurry of ...
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock or security on a particular stock exchange. Ticker symbols are arrangements of symbols or characters (generally Latin letters or digits) which provide a shorthand for investors to refer to, purchase, and research securities.
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 ...