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Reddit currently trades at 8.5 times this year's estimated sales. Assuming its price-to-sales ratio holds steady, it would need to increase its annual revenue at a compound annual growth rate ...
Advance Magazine Publishers, the company founded by S.I. Newhouse and his family in 1922, will own the biggest chunk, 33.5%, of Reddit after the IPO. Its shares (16,182 Class A and 42.2 million ...
Reddit stock moved higher after giving a better-than-expected Q2 forecast for sales and profit metrics. Many strategists argue that the long-term growth story for Reddit is in artificial ...
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 sellers aim to profit by selling borrowed shares and buying them back later at a lower price. On Wednesday, Reddit shares fell 12% to $56.91, snapping a two-day streak of gains. In its ...
Shares of social media company Reddit (NYSE: RDDT) soared on Friday after the company announced a partnership with Microsoft's OpenAI. As of 11 a.m. ET today, Reddit stock was up 14%. As of 11 a.m ...
Here’s what Reddit’s IPO can tell you about how to cash in on fast-paced tech companies in 2024 ... (it's 100% free) ... These 5 magic money moves will boost you up America's net worth ladder ...
The stock gained an additional 30% Monday. Then Trump Media stole Reddit's thunder by jumping as much as 59% on its first day of trading Tuesday, before cooling off and closing with a gain of 16% ...