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Reddit is going public, having filed for an initial public offering (IPO) with the Securities and Exchange Commission on Feb. 22. This will be the first major tech IPO of the year and the first ...
The much-anticipated Reddit IPO is finally here—and several executives from the social media company’s upper ranks are expected to make a tidy sum once shares begin trading Thursday. Reddit ...
Reddit became synonymous with the meme stock rally of 2021. Now, its stock has become a meme itself. Reddit stock popped more than 12% on Tuesday and has rallied more than 30% since its initial ...
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 and profane jargon, aggressive trading strategies, and for playing a major role in the GameStop short squeeze that caused losses for some US firms and short sellers in a few days in early 2021.
Short selling is a finance practice in which an investor, known as the short-seller, borrows shares and immediately sells them, in the hope that they will be able to buy them back later ("covering") at a lower price, return the borrowed shares (plus interest) to the lender, and profit off the difference.
Electronic Arts attempted to justify the change on the game's subforum at Reddit, but it was met with outrage, making that comment the most down-voted Reddit post of all time. Hours before the game's release, EA temporarily disabled all microtransactions for the game to review concerns by players, and to rework the in-currency systems after launch.
Reddit's stock subsequently pulled back to the mid-$40s, but a strong first-quarter report and a new partnership with OpenAI catapulted its stock back to the low $60s. Reddit is now worth $9.6 ...
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 ...