Why Reddit Stock Just Popped
- Investors in Reddit (RDDT 11.34%) stock are having a terrific Tuesday, as shares rise 10.7% through 11:10 a.m. ET.
- 03/11/2025
|
Reddit stock price has imploded: is it safe to buy the dip?
- Reddit stock price has crashed in the past few months. RDDT shares have crashed from the all-time high of $230 in February to a low of $107.30, its lowest level since October last year.
- 03/11/2025
|
Reddit unveils new content moderation and analytics tools to boost user engagement
- Reddit on Thursday launched new tools aimed at helping people adhere to community rules and better understand content performance, in a bid to revive user growth after a recent slowdown.
- 03/06/2025
|
Digg founder teams up with former Reddit rival to buy and revive website
- Content aggregator Digg is making a comeback with the help of an unlikely partner: Reddit co-founder and rival Alexis Ohanian. Ohanian and Digg founder Kevin Rose acquired the platform for an undisclosed sum.
- 03/05/2025
|
Got $3,000? 3 Top Growth Stocks to Buy That Could Double Your Money
- Many investors might be wary of buying the hottest growth stocks as the market hovers just a few percentage points below its all-time highs. The threats of higher tariffs, rising inflation, and elevated interest rates could also cap their near-term gains.
- 03/05/2025
|
Digg to make comeback as co-founder Rose, Reddit's Ohanian bet on AI-driven revival
- Digg founder Kevin Rose has teamed up with former rival Alexis Ohanian to buy the once-popular content aggregator as they bet on an artificial intelligence-powered revival of the platform that once drew around 40 million monthly visitors.
- 03/05/2025
|
Why Reddit Stock Lost 19% in February
- Shares of Reddit (RDDT 0.41%) were among the losers on the stock market last month after better-than-expected results weren't enough to keep the company's blistering momentum going.
- 03/03/2025
|
Exclusive: Reddit co-founder Alexis Ohanian joins Frank McCourt's bid for TikTok
- Frank McCourt announced on Monday that Alexis Ohanian, the co-founder of Reddit and a venture capitalist, has joined his bid to acquire TikTok's U.S. operations as a strategic adviser specializing in social media.
- 03/03/2025
|
TikTok and Reddit investigated over use of children's data
- TikTok, Reddit and Imgur are to be investigated by the UK's data protection watchdog over how they use teenage users' personal information.
- 03/02/2025
|
Reddit co-founder supports Meta's fact-checking removal, calls it ‘pragmatic'
- Meta's decision to scrap its third-party fact-checking program has reignited debate over social media's role in moderating content. The move, described as “pragmatic” by Reddit co-founder Alexis Ohanian, marks a broader shift in how digital platforms approach misinformation.
- 02/27/2025
|
Reddit co-founder says Meta's end to third-party fact-checking is ‘very pragmatic'
- Meta announced in January that it would end third-party fact-checking on its platforms, a program often criticized by Trump and conservatives for what they say unfairly targeted right-wing content. In a series of sweeping policy changes at the media giant, CEO Mark Zuckerberg announced he would install a community-based system instead.
- 02/27/2025
|
Reddit Stock Plunges 26% From Highs, Yet Call Options Have Surged 575%: Is A Rebound Brewing?
- Reddit Inc RDDT stock has been in free fall, shedding 26% since hitting a 52-week high of $230.41 on Feb. 10. The sell-off, sparked by a post-earnings user growth miss and CEO Steve Huffman‘s hefty $70.5 million share sale, has rattled investors.
- 02/25/2025
|
Is Reddit Inc. (RDDT) a Buy as Wall Street Analysts Look Optimistic?
- When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
- 02/25/2025
|
Reddit Co-founder Alexis Ohanian is going long on women's sports
- Alexis Ohanian, Reddit co-founder and Seven Seven Six founder, tells CNBC's Emma Graham at the Web Summit in Qatar that he is going long on women's sports.
- 02/25/2025
|
Reddit COO Jen Wong: Followership 'most important part' of being an effective leader
- Reddit COO Jen Wong talks leadership, success, and Reddit's IPO as the latest member of CNBC's Changemakers 2025 list.
- 02/24/2025
|
'Impossible to do fact-checking at scale,' Reddit co-founder says
- Alexis Ohanian, Reddit co-founder, discusses Meta's move to ban third-party fact-checking on its platforms, at the Web Summit in Doha, Qatar.
- 02/24/2025
|
Reddit Shares Tumble as User Growth Disappoints. Is Now a Golden Opportunity to Buy the Stock?
- While shares of Reddit (RDDT -5.15%) tumbled following its Q4 earnings report, the social media company's stock is still up a solid 20% year to date, as investors have embraced the stock after its March 2024 IPO. After debuting at $34, the stock is up more than five times in less than a year.
- 02/22/2025
|
Reddit Extends Its Slide. Why an Analyst Still Says It's a Buy.
- Piper Sandler still sees more upside for the social media platform.
- 02/21/2025
|
Why Reddit Stock Is Plummeting Today
- Reddit (RDDT -9.11%) stock is sinking in Thursday's trading. The social media company's share price was down 9.4% as of 2:45 p.m.
- 02/20/2025
|
Reddit to Present at Upcoming Investor Conferences
- SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), today announced its participation in two upcoming investor conferences. Jen Wong, Chief Operating Officer, will participate in the Morgan Stanley Technology, Media & Telecom Conference. The Fireside Chat session is scheduled for 1:45 p.m. Eastern Time / 10:45 a.m. Pacific Time on Tuesday, March 4, 2025 Steve Huffman, Co-Founder & CEO, will participate in the Deutsche Bank 33rd Annual Media, Internet & Telecom Conference. The.
- 02/18/2025
|
Should You Buy, Sell or Hold Reddit Stock at P/S of 18.19X?
- RDDT benefits from strong user growth, AI-driven partnerships and a surge in ad revenues. However, concerns over valuation and market competition persist.
- 02/18/2025
|
A growing digital ad market is benefiting giants like Meta and smaller players like Reddit
- The digital advertising market is doing so well that even Reddit is getting a cut of the spoils. "Advertisers feel like consumers are susceptible to advertising and are investing in that," said Gil Luria, head of tech research at investment banking firm D.A.
- 02/14/2025
|
Reddit: Buy The Earnings Pullback (Rating Upgrade)
- Reddit shares dropped 15% post-earnings despite strong results, presenting a potential buying opportunity for long-term investors. Q4 2024 saw revenues of $428 million, a 71% increase, crushing street estimates yet again, while reporting strong bottom-line improvement. Current quarter guidance was above expectations, and RDDT's improving financials suggest the potential for S&P 500 inclusion.
- 02/14/2025
|
Google's Symbiotic Relationship with Reddit
- Reddit COO Jen Wong speaks about the benefits of Google's impact on the company as they post fourth quarter earnings that missed analyst estimates. He joins Caroline Hyde and Jackie Davalos on "Bloomberg Technology".
- 02/13/2025
|
Reddit Posts Solid Q4, Analysts Expect AI Language Translations To Grow Daily Active Users
- Shares of Reddit Inc RDDT tanked in early trading on Thursday, despite the company reporting upbeat fourth-quarter results.
- 02/13/2025
|
Reddit stock falls despite strong Q4 earnings report
- Reddit (RDDT) shares slip lower Thursday morning after the social media platform beat fourth quarter revenue and earnings estimates, while daily active users fell below expectations (101.7 million vs. analyst consensus forecasts for 103.8 million).
- 02/13/2025
|
Reddit Q4 Earnings & Revenues Top Estimates: Buy, Sell or Hold Stock?
- RDDT's fourth-quarter 2024 results benefit from strong top and bottom-line growth, rising user numbers, and international expansion.
- 02/13/2025
|
Reddit Tanks After Q4 Earnings: Why I'm Doubling Down
- Reddit's Q4 earnings showed strong growth and profitability, but user growth fell short of analyst expectations, leading to a stock sell-off. Despite the dip, Reddit remains a long-term powerhouse with potential for significant upside, targeting a share price of $330 by 2028. Reddit's international expansion, robust revenue growth, and new advertising streams bolster its future prospects, making it a strong buy.
- 02/13/2025
|
Reddit: A Chance To Load Up On The Dramatic Nosedive
- Reddit, Inc. stock nosedived post-Q4 earnings Wednesday, trading as much as 15% lower pre-market on one thing: DAUq missed Wall Street expectations at 101.7M versus 103.1M. We think this was a one-time hit due to changes in Google's algorithm, with Google accounting for 40-50% of Reddit's traffic. It's safe to say this vulnerability got priced in. We think the market's reaction was dramatic.
- 02/13/2025
|
Yields, Dollar Focus of "Technical Reversal" & CSCO, RDDT, DE Earnings Recap
- Green arrows kicked off the trading day after PPI fell in-line with Wednesday's CPI data. Kevin Green points to "technical reversal" signs that can thrust yields off its current path.
- 02/13/2025
|
2 Stocks Losing Ground After Earnings
- Shares of Reddit Inc (NYSE:RDDT) and Deere & Co (NYSE:DE) are taking a hit after earnings, tumbling as investors react to their latest results.
- 02/13/2025
|
Reddit's Google traffic ‘curveball' is a buying opportunity for investors, analyst says
- Reddit said its user-growth numbers were affected by Google search “volatility” triggered by an algorithmic change.
- 02/13/2025
|
Reddit shares slump 6% on daily active user miss
- Reddit shares dropped more than 6% after reporting weak user growth in the fourth quarter. Reddit CEO Steve Huffman said that the company experienced some "volatility" in user growth as a result of a Google search algorithm tweak.
- 02/13/2025
|
Reddit Stock At $200: Is It Time To Buy Or Sell?
- Reddit (NYSE: RDDT) recently announced its Q4 earnings, reporting a profit of $0.36 per share on revenue of $428 million. This exceeded market expectations of $0.25 per share and $405 million in revenue.
- 02/13/2025
|
Reddit Analysts Increase Their Forecasts After Strong Earnings
- Reddit Inc RDDT reported better-than-expected fourth-quarter financial results after the market close on Wednesday.
- 02/13/2025
|
RDDT Falls, CEO Shakes Off Google Search Issue
- Shares of Reddit (RDDT) fell sharply following its latest quarterly earnings report. CEO Steve Huffman confirmed that a Google search algorithm change impacted the company's web traffic.
- 02/13/2025
|
Reddit shares plummet as investors fret over miss in daily active unique visitors
- Reddit shares tumbled 13% in premarket trading on Thursday after the social media firm missed expectations for daily active unique visitors, hit by a change in Google's search algorithm.
- 02/13/2025
|
Reddit's takes $6bn hit after Q4 earnings miss
- Reddit's (NYSE:RDDT) stock tumbled 13% in after-hours trading, wiping nearly $6 billion from its valuation following a mixed fourth-quarter earnings report that fell short of investor expectations. Revenue surged 70% year-over-year to $427.7 million, beating analyst forecasts of $405.5 million.
- 02/13/2025
|
Reddit, Inc. (RDDT) Q4 2024 Earnings Call Transcript
- Reddit, Inc. (NYSE:RDDT ) Q4 2024 Earnings Conference Call February 12, 2025 5:00 PM ET Company Participants Jesse Rose - Head of Investor Relations Steven Huffman - Co-Founder & Chief Executive Officer Jennifer Wong - Chief Operating Officer Andrew Vollero - Chief Financial Officer Conference Call Participants Ronald Josey - Citigroup Justin Post - Bank of America Benjamin Black - Deutsche Bank Brian Nowak - Morgan Stanley Richard Greenfield - LightShed Ken Gawrelski - Wells Fargo Eric Sheridan - Goldman Sachs Laura Martin - Needham & Company Operator Good afternoon. My name is Krista [ph] and I will be your conference operator today.
- 02/13/2025
|
Reddit's stock drops 15% after the CEO said a Google algorithm tweak hurt traffic
- Reddit CEO Steve Huffman said the site saw "volatility" in traffic in Q4 due to Google's algorithm change. The impact shows how some users still rely on an external search engine to get answers from Reddit.
- 02/12/2025
|
Reddit shares fall more than 14% on Q4 earnings despite beat
- Andrew Boone, Citizens JPM analyst, joins 'Closing Bell Overtime' to talk Reddit earnings.
- 02/12/2025
|
Reddit Stock Tumbles as User Growth Misses Expectations
- Reddit (RDDT) reported fourth-quarter earnings that topped analysts' estimates, but its user growth fell short, sending shares lower in extended trading Wednesday.
- 02/12/2025
|
Nasdaq 100: AppLovin Soars over 15% After Hours, AI Boom Lifts Cisco, Reddit Misses Key Metric
- AppLovin soars 15%, Cisco rises on AI momentum, but Reddit sinks on weak user growth. Nasdaq 100 traders eye Fed policy and tariff risks ahead.
- 02/12/2025
|
Overlooked Stock: RDDT Slips After Earnings
- Shares of Reddit (RDDT) plummeted after 4Q earnings beat expectations. George Tsilis dissects the social media company's report, it's 2nd quarterly profit since going public.
- 02/12/2025
|
Reddit turns second quarterly profit since IPO as daily active unique users top 100 million for the first time
- The San Francisco-based company's shares rose fell in extended trading Wednesday, despite Reddit's better-than-expected fourth-quarter earnings and revenue.
- 02/12/2025
|
Reddit forecasts quarterly revenue above estimates
- Reddit forecast first-quarter revenue above Wall Street estimates on Wednesday, betting on its artificial intelligence content licensing deals and a robust digital advertising spend.
- 02/12/2025
|
Reddit just reported fourth-quarter earnings
- Reddit reported fourth-quarter earnings Wednesday that beat on the top and bottom. Global daily active uniques, or DAUq, rose 39% from a year earlier to an average of 101.7 million for the fourth quarter.
- 02/12/2025
|
Reddit Announces Fourth Quarter and Full Year 2024 Results
- SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter and full year ended December 31, 2024. Reddit's complete financial results and management commentary can be found in its shareholder letter on Reddit's Investor Relations website at https://investor.redditinc.com. “It was another strong quarter as we accomplished exciting milestones across revenue and international growth,” said Steve Huffman, Co-Founder and CEO of Reddit. “However, what'.
- 02/12/2025
|
The Big 3: KC, TDOC, RDDT
- From consolidation to explosive climbs, Aquiles Larrea turns to stocks that he believes are poised for more breakout opportunity. He turns to bullish indicators behind Kingsoft (KC), Teladoc Health (TDOC) and Reddit (RDDT).
- 02/12/2025
|
Reddit teams with Intercontinental Exchange to build financial-analytics products
- The partnership will connect anonymous conversations on Reddit to Intercontinental Exchange's data-science and machine-learning infrastructure to provide new datasets and analytics, Reddit said.
- 02/12/2025
|
Why "The People are the Product" for RDDT and TTD A.I. Usage
- Ahead of Reddit (RDDT) earnings, shares are trading off of all-time highs. "These platforms live and die based off the usage" of its subscribers, says Tom Essaye.
- 02/12/2025
|
Intercontinental Exchange and Reddit Collaborate to Create and Distribute Data Products for Capital Markets
- ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, and Reddit, Inc., a community of communities, today announced an agreement for Intercontinental Exchange to leverage Reddit's Data API to research, create and distribute new data and analytics products for the financial industry. The products will leverage Intercontinental Exchange's extensive data science expertise and the vast data available through Reddit's Data.
- 02/11/2025
|
What Analysts Think of Reddit Stock Ahead of Earnings
- Reddit (RDDT) is set to report fourth-quarter earnings after the market closes Wednesday, with analysts expecting growing revenue and users.
- 02/10/2025
|
Reddit Stock Before Q4 Earnings: A Smart Buy or Risky Investment?
- RDDT's fourth-quarter performance is expected to have benefited from strong ad sales and AI growth despite challenges from election effects and rising competition.
- 02/10/2025
|
I have 4 million credit card points on my credit card – what should I use them on?
- File today’s Reddit discussion under the rubric “nice problems to have.” Our caller this morning, let’s call her “Jan”, put an image up on Reddit showing that she currently has 4,078,926 Chase Sapphire credit card reward points accumulated. She also has 4,167 more points pending since her January statement came out, probably just a week or two ago. So at minimum, Jan appears to be putting more than $4,000 a month in charges on her Chase card, or about $50,000 a year. Potentially, she might be charging as much as $20,000 a month to the card, depending on how quickly those last 4,167 points racked up. In fact, I’d venture to say she’s almost certainly charging at least that much. Even at $20,000 a month, it would have taken Jan more than 17 years to accumulate this many Chase card points. And that right there is the first thing we need to talk about. Key Points Unlike bank accounts and investment portfolios, credit card point balances don’t automatically grow in value. Points left on a card balance should be used, so as to not leave money on the table. Cashing out points is the easiest way to use them. Spending them on hotels and airfare may be the best use. The right travel credit card can take you to places you’ve never dreamed of. Click here now to see our top picks. (Sponsor) When dealing with credit card points, procrastination is not your friend Everyone loves a fat bank account. It makes us objectively, and reasonably happy when we see our savings pile up substantially in a bank account, a stock market portfolio, or in this case, a Chase points account. But here’s the thing: Money in a bank account earns interest. Money in a stock market account, if invested wisely, has proven over time to grow even faster, averaging 10% or 11% annual growth, according to historical back-testing. But “points” earned from using a credit card? Well, those just sit there until used. They don’t earn compound interest. The don’t grow at all unless you keep spending money to generate the points. That’s why I think we can identify one big mistake Jan is making right off the bat. In her quest to rack up a big number of Chase points, she’s almost certainly lost the chance to earn interest income on those points, and for nearly two straight decades! How much money has Jan lost, and how much is she still losing, for sitting on those unused points? Well, the losses would have smarted small, back when the points balance was smaller, but they’ve snowballed over time as the account got bigger. Chase points are generally valued at a penny apiece when converted into cash through a cash-back or statement credit offer. 4.1 million points (I’m rounding here) are therefore worth about $41,000. When you consider that it’s still possible to find bank savings accounts that pay 4% and better interest rates, that means Jan is effectively losing more than $1,600 annually in interest that she could be earning today… but isn’t. A nice problem to have Now, there’s an obvious solution to this problem. Rather than letting those points sit around unused, Jan could cash them out in the form of a cash-back check. She could then deposit this money in a high-yield savings account, and immediately begin earning interest on her new cash. That’s option No. 1, and I’d consider it the default option in a situation like this. Chase does offer other options for using accumulated points, however. Jan could: Apply the points to her monthly credit card bill as an account credit. It would probably take her a couple months to use all these points, if she’s charging $20,000 a month to her card. Or Jan could use the points in lieu of cash to pay for certain “merchandise” and/or “dining and sporting events” that Chase Bank promotes and/or buy gift cards with the points. Or she could spend the points on hotels and airfare, booking reservations through Chase’s website. Depending on which Card Sapphire card Jan holds, points spent this way are worth either 1.25 or 1.5 pennies each. So used this way, her points that are worth $41,000 when converted to cash could be worth more than $60,000 in travel purchases. Or Jan can transfer points to various hotel and airline rewards programs, converting them into points of those Such transfers are generally valued at a 1-for-1 ratio. But because different companies price services for different numbers of points, whether this will be a good use of the points will depend very much on which program she chooses. Depending on how savvy a shopper Jan is, she can probably make the very best use of her points through one of the last two options. However, the first option, cashing out the points and then spending or investing them as she likes, is the simplest and easiest option. It’s the one I would choose were I in her shoes. The post I have 4 million credit card points on my credit card – what should I use them on? appeared first on 24/7 Wall St..
- 02/10/2025
|
Final Trades: Dell, Reddit, Taiwan Semi and Aptiv PLC
- The Investment Committee give you their top stocks to watch for the second half.
- 02/07/2025
|
Reddit's Stock Soars Even As Musk-Related Tensions Rise
- Reddit Inc. RDDT has been riding a bullish wave, surging 338.46% in the past year, 33.30% year-to-date, and 23.22% over the past month.
- 02/06/2025
|
Reddit Q4 Preview: Up 200%, And Still Room To Run
- Reddit's stock has surged 22% since December, outperforming the S&P 500 by 17x, as I was bullish on its strong Advertising and Data Licensing growth and expanding margins. Its Q3 FY24 saw revenue of $348.4M, a 68% YoY increase, with Advertising Revenue contributing 90% and Data Licensing growing 547% YoY due to new partnerships. Despite risks like global liquidity and tariffs, Reddit's consistent earnings beats and raised guidance justify a new price target of $275, a 32% upside.
- 02/04/2025
|
Reddit: Update On My Top Conviction Pick Amidst Tech Bubble (Rating Downgrade)
- Reddit has surged nearly 200% since I named it a high-conviction pick, driven by generative AI-powered translations and impressive revenue growth. The company has shown a knack for crushing guidance and consensus estimates by wide margins. Tech stocks look bubbly again, and it's time for another look at Reddit stock.
- 02/04/2025
|
Reddit: Market Overestimates AI Data Licensing's Long-Term Value
- Reddit's Q3 showed strong growth (revenue +68% Y/Y, DAUq +47%), turning profitable with $29.9M net income. AI data licensing contributed $33.2M, marking a new revenue stream. While the AI training data market could reach $8B by 2030, RDDT's potential 5% share ($400M) faces risks from competition, user backlash, and contract uncertainties. DCF analysis reveals that the current $35B valuation implies an unsustainable 40% annual revenue growth over nine years. Even with a 25% FCF margin, it still needs 30% growth.
- 02/02/2025
|
Reddit Inc. (RDDT) Ascends While Market Falls: Some Facts to Note
- Reddit Inc. (RDDT) reachead $199.55 at the closing of the latest trading day, reflecting a +0.31% change compared to its last close.
- 01/31/2025
|
Nucleus CEO Kian Sadeghi and Reddit Co-Founder Alexis Ohanian on utilizing AI in gene mapping
- Kian Sadeghi, Nucleus Founder & CEO, and Alexis Ohanian, Reddit Co-founder and Seven Seven Six founder, join 'Closing Bell Overtime' to talk Nucleus' DNA testing and utilizing AI in gene editing.
- 01/31/2025
|
Reddit: It's Time To Sell, Animal Spirits Have Taken Over (Rating Downgrade)
- Reddit, Inc.'s stock has surged over 4x in the past year, but its valuation is now unsustainable, prompting my downgrade to a sell rating. Reddit has soared to an ~18x forward revenue multiple, twice the valuation of Meta. The company could see a deceleration in revenue growth as its U.S. user base saturates, and as its international push leads to lower ARPUs.
- 01/29/2025
|
Prediction: Reddit Will Beat the Market. Here's Why.
- Over the course of 2024, the S&P 500 index generated a return of 17.7%. That represented an above-average year for the benchmark index.
- 01/29/2025
|
Up 22% to 273%, There's Still Time to Buy These 3 Stocks
- Investors have enjoyed a decent start to 2025 as the major stock market indexes have advanced in unison so far. As of this writing, the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average are up 2.9%, 2.3%, and 3.6%, respectively.
- 01/26/2025
|
2 Unstoppable Growth Stocks for 2025 and Beyond
- Growth stocks usually don't look like bargains on the surface. Arm Holdings (ARM -2.43%) and Reddit (RDDT 0.23%) are certainly pricey, but both have unique advantages that bode well for the future.
- 01/26/2025
|
I bought Reddit stock and my net worth jumped $3 million in a year – should I double down or scale back?
- For many people in the community, Reddit is the gift that keeps on giving.
- 01/25/2025
|
Brokers Suggest Investing in Reddit Inc. (RDDT): Read This Before Placing a Bet
- Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
- 01/24/2025
|
Reddit Inc. (RDDT) Stock Drops Despite Market Gains: Important Facts to Note
- The latest trading day saw Reddit Inc. (RDDT) settling at $181.99, representing a -0.95% change from its previous close.
- 01/23/2025
|
Market Momentum: 3 Stocks Poised for Significant Breakouts
- After a slow start to the year, U.S. equities have surged to new record highs following President Trump's inauguration. By Wednesday's close, the SPDR S&P 500 ETF Trust NYSE: SPY had gained over 4% for the week, bringing its year-to-date (YTD) return to an impressive 3.47%.
- 01/23/2025
|
Chart of the Day: RDDT After Downgrade
- @CharlesSchwab's own Ben Watson joins our new Morning Movers show to break down his chart of the day: Reddit (RDDT). The company got a downgrade from Roth MKM this morning.
- 01/22/2025
|
Reddit shares rise 7%, hit record as Raymond James raises price target
- Reddit shares rose over 7% to a record high Tuesday after Raymond James analysts raised their price target and reiterated their "strong buy" rating. The social media company's shares reached $191 on Tuesday during midday trading, topping a previous high of $182 on Jan. 6.
- 01/21/2025
|
Calls of the Day: Teradyne, Reddit, Northrop Gumman, Ross Stores and GM
- The Investment Committee debate the latest Calls of the Day.
- 01/21/2025
|
Reddit to Announce Fourth Quarter and Full Year 2024 Results on Wednesday, February 12, 2025
- SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), announced today that the company's fourth quarter and full year 2024 financial results will be released after market close on Wednesday, February 12, 2025. Reddit will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the conference call and related earnings materials can be accessed at Reddit's Investor Relations website at investor.redditinc.com and investor relations subreddit r/.
- 01/15/2025
|
Is Reddit Stock Still a Buy After Surging 134% Over the Past 6 Months?
- RDDT stock is driven by strong AI innovations, enhanced advertising and increased user engagement positioning the stock for continued upward momentum in 2025.
- 01/15/2025
|
Reddit Inc. (RDDT) Advances But Underperforms Market: Key Facts
- In the latest trading session, Reddit Inc. (RDDT) closed at $164.82, marking a +0.1% move from the previous day.
- 01/14/2025
|
Final Trades: Reddit, Delta, Thermo Fisher and Eli Lilly
- The Investment Committee give you their top stocks to watch for the second half.
- 01/14/2025
|
Calls of the Day: Reddit, GE Aerospace and GE Vernova
- The Investment Committee discuss the latest Calls of the Day.
- 01/14/2025
|
Is Reddit an Undervalued Growth Stock?
- Reddit (RDDT -1.45%) is one of the fastest-growing social media companies.
- 01/14/2025
|
Should Investors Buy Reddit Stock Right Now in 2025?
- Reddit (RDDT -1.45%) has developed a new revenue stream thanks to artificial intelligence.
- 01/14/2025
|
3 Tech Stocks With More Potential Than Any Cryptocurrency
- Many cryptocurrencies surged over the past year as expectations for milder macro headwinds and lower interest rates drove investors back toward riskier investments. However, cryptocurrencies are still notoriously volatile and hard to properly value.
- 01/12/2025
|
Wall Street Bulls Look Optimistic About Reddit Inc. (RDDT): Should You Buy?
- The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
- 01/08/2025
|
3 Shorted Stocks on the Brink: Are These Names About to Unwind?
- When investors look for the best opportunities in the stock market, one gauge they often look at is whether people (retail and professionals) are buying a stock. However, not many know that the same strategy can be flipped on its head, and it works better than focusing on only the buying side of the equation.
- 01/07/2025
|
5 Top Tech Stocks Of 2024: Year In Review
- I review five of the top stocks of 2024, selected based on their price action, fundamentals and presence within leading tech themes. All five of these stocks trade at quite high multiples, headlined by IonQ at 230x forward revenue and Palantir at a 2021-esque 63x forward revenue and 32x 2027 revenue. If there's one major takeaway from this selection of 2024's top tech stocks, it's that being at the top comes with quite the price tag and premium.
- 01/06/2025
|
3 Red-Hot Growth Stocks to Buy in 2025
- 2024 was another great year for growth stocks. But with so many growth stocks performing well, it can be difficult to narrow down what stocks should be on your buy list as we start a new year.
- 01/05/2025
|
Why Reddit Stock Crushed It in December
- Several positive analyst moves added up to a tailwind, pushing Reddit's (RDDT 7.13%) share price up notably in the final month of 2024. December saw the social media company's already hot stock rise by more than 16%, bolstering its status as one of the best-performing titles of the year.
- 01/04/2025
|
These 3 Stocks Tripled in 2024. Which One Is the Best Buy for 2025?
- Sweetgreen (SG 3.27%) is a salad restaurant chain that went public in 2021. At the start of 2024, it was down nearly 80% from its price when it went public.
- 01/04/2025
|
Reddit Hailed As 'AI-Learning Goldmine': Despite Buying Pressure, There's Bullish Potential
- Reddit Inc. RDDT has been riding a wave of optimism, with its stock surging over 125% in the past six months. While a modest 10% dip over the last month suggests some cooling, the bullish technical and fundamental indicators are hard to ignore.
- 01/03/2025
|
Reddit Inc. (RDDT) Rises As Market Takes a Dip: Key Facts
- In the closing of the recent trading day, Reddit Inc. (RDDT) stood at $165.91, denoting a +1.51% change from the preceding trading day.
- 01/02/2025
|
7 Winner Tech Stocks For 2025
- Now, as we turn our focus to 2025, I remain very optimistic on stocks. However, overall market valuations look somewhat expensive now; and thus, I argue stock picking will be more important in 2025 than in 2024. My top tech tips are Spotify, Roblox, Lyft, Match Group, IBKR, Reddit and Google.
- 01/01/2025
|
Reddit Has Outperformed My Expectations And Now I Want More Shares
- Reddit's unique, highly engaged user base and authentic content drive growth and attract advertisers, positioning it as a dominant force in the social media landscape. Advanced ad technology and monetization strategies, including dynamic product ads and CAPI integration, enhance Reddit's ability to scale advertising revenue effectively. International expansion and data licensing, with significant deals already in place, present substantial growth catalysts.
- 01/01/2025
|
3 Hot Stocks That Can Double Again in 2025
- Some of the hottest stocks of 2024 may surprise you. A few more than 100 stocks with market caps north of $2 billion doubled over the past year.
- 12/31/2024
|
Reddit: Just Let Your Winners Run
- I continue to remain bullish on Reddit with a price target of $205, as its Advertising and Data Licensing revenue shows no signs of slowdown, while profitability expands. In Q3, Reddit saw its DAUqs grow 47% YoY, bolstered by machine learning investments and international expansion, while improving the search experience is now a key priority. Meanwhile, Reddit continues to build superior advertising solutions to drive higher return on ad spend, with Advertising revenue growing 56% YoY.
- 12/30/2024
|
3 Soaring Stocks I'd Buy Now With No Hesitation
- You will probably agree that a rising share price is a happy occasion worthy of celebration. As the stocks you own rise in price, your portfolio's value increases.
- 12/30/2024
|
RDDT stock 2025 forecast: will the company sustain its IPO momentum?
- Reddit (RDDT) had a stellar year in 2024, with s staggering 250% surge in its stock price from its first-day close following its debut listing in March. The trajectory of the stock has caused the 19-year old social media giant to become a darling of Wall Street.
- 12/28/2024
|
"Motley Fool Money" Looks Back on 2 Great AI Episodes
- In this rebroadcast of the Motley Fool Money podcast, Wharton Professor Ethan Mollick walks through his four rules for using AI, how he pushes students to use the technology, and the research from his book Co-Intelligence: Living and Working with AI.
- 12/28/2024
|
IPO Stock Roundup: Astera, Reddit Hit New Highs; Atour, Oddity Trigger Sell Signals
- Top IPO stocks Astera and Reddit hit new highs this week. Birkenstock is near a buy point.
- 12/27/2024
|
Reddit Stock Dominated 2024—Why the Rally Isn't Over Yet
- When it comes to the hottest trends in the stock market for 2024, it isn't likely that investors would land on social media names, or at least not for the reasons that social media platforms should be considered. Sure, stocks like Alphabet Inc. NASDAQ: GOOGL and Meta Platforms Inc. NASDAQ: META saw some bullish price action during 2024, especially toward the end; however, it was likely because of their artificial intelligence exposure.
- 12/27/2024
|
Why Reddit Inc. (RDDT) Dipped More Than Broader Market Today
- Reddit Inc. (RDDT) concluded the recent trading session at $176.74, signifying a -0.38% move from its prior day's close.
- 12/26/2024
|
Reddit Inc. (RDDT) Ascends While Market Falls: Some Facts to Note
- Reddit Inc. (RDDT) closed the most recent trading day at $163.72, moving +1.91% from the previous trading session.
- 12/19/2024
|
Wall Street Analysts Think Reddit Inc. (RDDT) Is a Good Investment: Is It?
- When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
- 12/16/2024
|
2 No-Brainer Technology Stocks to Buy Right Now
- As this year draws to a close, it's time to start thinking about 2025. What stocks should investors consider as new buys for the new year?
- 12/14/2024
|
The Big 3: META, MO, RDDT
- Aquiles Larrea sees bullish aspects to all of today's Big 3. The question lingers around when bullishness around each takes shape.
- 12/13/2024
|
Here's Why Reddit Inc. (RDDT) Fell More Than Broader Market
- In the closing of the recent trading day, Reddit Inc. (RDDT) stood at $163.51, denoting a -1.45% change from the preceding trading day.
- 12/12/2024
|
Can Reddit's AI Innovations and Ad Growth Push the Stock Higher?
- RDDT stock rides on enhanced advertising and increased user engagement.
- 12/12/2024
|
4 Social Media Stocks to Soar as TikTok's Future Hangs in Balance
- How business used to be done has changed, and the share of transactions, marketing, and sales done in the new digitized economy is growing. Gone are the days of door-to-door salesmanship, unless it is to sell a power-washing or solar panel service, which has several limitations as far as efficiency and scalability are concerned.
- 12/12/2024
|
Is Now the Time to Buy Reddit Stock?
- Shares of social media giant Reddit (RDDT 5.15%) have been on a rocketship since its IPO in March. The stock debuted at $34 per share and closed the day up 48%, but that was nothing compared to what was to come.
- 12/11/2024
|
How Years of Reddit Posts Have Made the Company an AI Darling
- The social-media veteran is profiting from feeding artificial-intelligence companies' insatiable appetite for conversational text.
- 12/10/2024
|
Reddit Stock Hits Record High After Upgrade From Morgan Stanley on Its Growth Potential
- Reddit (RDDT) shares climbed to a record high Monday after analysts from Morgan Stanley upgraded the social media stock, citing the company's "multiple levers" for potential growth heading into 2025.
- 12/09/2024
|
Reddit rolls out AI search tool
- CNBC's Julia Boorstin joins 'Power Lunch' with the latest details on Reddit.
- 12/09/2024
|
Reddit stock pares intraday gains despite double dose of good news
- Reddit Inc (NYSE: RDDT) opened sharply up on a double dose of good news this morning but then pared its entire gain to turn red within an hour. Morgan Stanley analyst Brian Nowak upgraded the forum social network today to “overweight”.
- 12/09/2024
|
Reddit Stock Gets Boost From Morgan Stanley: Analyst Sees 'Best In Class Growth'
- Reddit Inc. RDDT just got a major thumbs-up from Morgan Stanley, with analyst Brian Nowak upgrading the stock to Overweight and setting a bold $200 price target. This reflects a 23% upside — but the real buzz lies in the potential for an 85% upside under the firm's bull case scenario.
- 12/09/2024
|
Chart of the Day: Reddit
- Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's 'Halftime Report' to discuss Reddit hitting record highs after announcing a new AI search tool.
- 12/09/2024
|
RDDT's Exponential Potential in Ads & A.I.
- Data from @LikeFolio's Andy Swan shows Reddit (RDDT) thwarts competitors when it comes to ad growth. The company's extended A.I.
- 12/09/2024
|
Reddit Launches Test of AI-Powered Search Tool
- Reddit has launched a test of an artificial intelligence (AI)-powered conversational interface designed to answer questions by providing information and recommendations based on conversations and communities across its social media platform.
- 12/09/2024
|
Reddit tests AI-powered feature to answer user queries
- Reddit is testing an AI-powered feature called Reddit Answers, which scours posts on the social media platform to answer users' queries, it said on Monday.
- 12/09/2024
|
TSLA's "Monster" Technical Move, AMD Downgrade, RDDT Upgrade
- Tesla (TSLA) continues its race to break a new all-time high with the stock now 15% higher so far in December. Alex Coffey looks into the stock's tradability amid recent volatility.
- 12/09/2024
|
Reddit Stock Scores Record High After Upgrade
- Shares of Reddit Inc (NYSE:RDDT) are 5.2% higher at $171.26 at last glance, following a lofty bull note at Morgan Stanley.
- 12/09/2024
|
Cramer's Mad Dash: Reddit
- CNBC's Jim Cramer delivers his daily Mad Dash.
- 12/09/2024
|
Reddit's stock gets a boost as social-media platform ramps up AI-powered search with Reddit Answers
- The social-media platform is expanding its beta test of Reddit Answers, the company said Monday.
- 12/09/2024
|
Reddit's Huge Rally Rolls On As Morgan Stanley Analysts Turn Bullish
- Reddit stock, already up 220% post-IPO, gained Monday following a bullish upgrade from analysts at Morgan Stanley. The post Reddit's Huge Rally Rolls On As Morgan Stanley Analysts Turn Bullish appeared first on Investor's Business Daily.
- 12/09/2024
|
Reddit begins testing AI-powered answers feature to win more users
- Reddit is rolling out a new artificial intelligence feature designed to help people quickly find answers based on user posts, the company said Monday. Reddit Answers, as the feature is called, allows users to ask questions just like they can with ChatGPT, Perplexity and other generative AI services.
- 12/09/2024
|
Reddit has done nothing but surprise to the upside, says Jim Cramer
- 'Mad Money' host Jim Cramer looks at the best performing IPOs of the year.
- 12/05/2024
|
Better Buy for 2025: Reddit or Pinterest?
- Reddit (RDDT 2.94%) is growing users faster than Pinterest (PINS 3.06%), but Pinterest is more profitable.
- 12/05/2024
|
3 Breakout Growth Stocks You Can Buy and Hold for the Next Decade
- The year is drawing to a close, and what a year it has been for the stock market. As of this writing, the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average are up 26%, 28%, and 19%, respectively.
- 12/04/2024
|
Reddit Stock: Expensive Valuation, But Growth Will Continue Over The Next Few Years
- Reddit entered a partnership with Google this year, which was a win-win situation for both. Reddit is significantly growing its user numbers, leading to revenue growth. International expansion could be another major growth driver. Significant risks include high share dilution, excessive stock-based compensation, and substantial insider trading, notably by major shareholder Tencent.
- 11/30/2024
|
The Big 3: RDDT, NNE, ADSK
- On Black Friday, Scott Bauer is bullish on three stocks that he thinks are on sale: Reddit (RDDT), Nano Nuclear Energy (NNE), and Autodesk (ADSK). Rick Ducat provides the technical analysis and shares which levels traders should be watching on the chart.
- 11/29/2024
|
Reddit Inc. (RDDT) Is Considered a Good Investment by Brokers: Is That True?
- The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
- 11/29/2024
|
Reddit now more popular than X in the UK, says Ofcom
- Reddit, the social media platform popular with tech and gaming enthusiasts, has overtaken X to become the UK's fifth most popular social platform, according to Ofcom.
- 11/29/2024
|
Trump Is Using Truth Social for Tariff Threats. DJT Stock Could Become the Next Reddit, Twitter.
- Trump Media shares have dropped since the election. The market has likely moved on—but the president-elect's latest social-media spree could change that.
- 11/29/2024
|
Reddit targets international users for ad growth, teases bolstered search feature
- Reddit is ramping up efforts to attract more users outside of the U.S., putting countries like India and Brazil in focus, a top company executive told CNBC. Expansion into new markets could help Reddit unlock new advertising revenue internationally.
- 11/27/2024
|
Billionaire Steven Cohen Just Raised Point72's Stake in This Under-the-Radar Artificial Intelligence (AI) Stock by 3,172%
- When it comes to investing in artificial intelligence (AI), there are no other stocks that garner more attention than the "Magnificent Seven." While each of those megacap tech giants presents a unique opportunity in the AI space, smart investors understand that there are other options.
- 11/26/2024
|
Committee Moves: Devon Energy, Transdigm and Reddit
- The Investment Committee discuss their latest portfolio moves. Bryn Talkington sells Devon Energy, Steve Weiss sells Transdigm, and Josh Brown talks about the new street high target for Reddit.
- 11/25/2024
|
Discover the 3 Best Performing Stocks That Went Public in 2024
- Investing in companies in their first year of being publicly traded can be an exciting and perilous proposition. It may take time for enough information to come out about a new stock before the market can gather a strong sense of its actual value, leading to volatility.
- 11/25/2024
|
Should You Buy Reddit Stock Right Now?
- Building a business based on user-generated content has proven to be lucrative.
- 11/25/2024
|
Will Reddit Be Worth More Than Meta Platforms by 2040?
- Reddit's (RDDT -7.18%) stock price has more than quadrupled since it went public eight months ago at $34 per share. The social media company dazzled investors with its rapid growth in users and revenue, and it turned firmly profitable in its latest quarter.
- 11/25/2024
|
Will Reddit Be Worth More Than Apple by 2030?
- One of the hottest tech stocks cruising atop the market these days is Reddit (RDDT -7.18%). The company has seen its share price balloon by over 170% since its March initial public offering (IPO), with much of that rise coming after its late-October earnings release.
- 11/23/2024
|
Is Reddit Stock Still a Buy?
- The run-up in the stock price has dramatically increased its valuation, leaving investors to question whether they are too late.
- 11/23/2024
|
Reddit Slides On Report Advance Plans To Borrow Against Stake In Hot Social Media Stock
- Reddit stock slid in Friday trading after a report that Advance plans to borrow against its stake. The post Reddit Slides On Report Advance Plans To Borrow Against Stake In Hot Social Media Stock appeared first on Investor's Business Daily.
- 11/22/2024
|
Reddit Stock Drops as Advance Reportedly Plans To Borrow Against Stake
- Reddit (RDDT) stock sank Friday on a report Advance Magazine Publishers planned to borrow against its stake in the social media platform and regulatory filings disclosed Chinese conglomerate Tencent Holdings sold shares.
- 11/22/2024
|
Top 3 reasons why I'm buying Reddit stock on recent weakness
- Reddit Inc (NYSE: RDDT) opened about 8.0% down on Friday after Tencent Holdings unloaded about $88.5 million shares of the forum social network. The weakness may also be related to a report that Advance Magazine Publishers is considering trimming its position on Reddit as well.
- 11/22/2024
|
INTU Weak Guidance, NTAP "Outgrowing" Market, Tencent Sheds RDDT Stake
- Intuit (INTU) slid to the downside after posting weak guidance. The company's CEO shrugged off the idea that the Trump administration could create a free tax-filing app.
- 11/22/2024
|
Analyst revises Reddit stock price amid stronger ad metrics and growth outlook
- Reddit (NYSE: RDDT) has faced considerable volatility since its IPO in March 2024, fueled by its “meme stock” status. However, it has recently surged nearly 240% year-to-date, capturing significant investor attention.
- 11/22/2024
|
Intuit Issues Weak Forecast, Joins Reddit And Other Big Stocks Moving Lower In Friday's Pre-Market Session
- U.S. stock futures were lower this morning, with the Dow futures falling more than 100 points on Friday's.
- 11/22/2024
|
Reddit Up and Down as Bug Apparently Causes Outages
- The popular message board was unavailable on Wednesday and Thursday morning -- the company mentioned an update bug that could be the culprit.
- 11/21/2024
|
Reddit down for thousands of users day after rolling out fix for software bug
- The company had rolled out a fix for a software bug that prevented tens of thousands of people from accessing the social media platform on Wednesday.
- 11/21/2024
|
Users Report Reddit Outage Thursday Morning—Second In 24 Hours
- Reddit struggled with a second day of usage problems, with tens of thousands of users reporting a Reddit outage on Thursday morning after the company acknowledged a bug in a recent update caused an outage Wednesday evening.
- 11/21/2024
|
Reddit down for thousands of users, Downdetector shows
- Reddit was down for thousands of users on Thursday, according to outage tracking website Downdetector.com, a day after it rolled out a fix for a software bug that prevented tens of thousands of people from accessing the social media platform.
- 11/21/2024
|
Reddit is down again
- This morning, at around 7 a.m. PT, the social media platform Reddit experienced yet another outage after experiencing one yesterday afternoon.
- 11/21/2024
|
Reddit appears to be back after a 4-hour-long outage
- Social media platform Reddit experienced an outage this afternoon at around 12:20 p.m. PT (or possibly even earlier), resulting in thousands of users being unable to access its website and app.
- 11/20/2024
|
Reddit deploys fix for outage affecting thousands in US
- Reddit said on Wednesday it has rolled out a fix for a software bug that prevented tens of thousands of people from accessing the social media platform in the U.S.
- 11/20/2024
|
Reddit Says It Is Working to Resolve Outage
- Tens of thousands of users reported that the website and app were inaccessible starting just before 3 p.m. Eastern on Wednesday.
- 11/20/2024
|
The Best Stocks to Invest $50,000 in Right Now
- A great portfolio needs balance.
- 11/16/2024
|
Is It Worth Investing in Reddit Inc. (RDDT) Based on Wall Street's Bullish Views?
- The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
- 11/13/2024
|
Reddit Partners with InMarket to Measure the Real-World Impact of Advertising Campaigns with Lift Conversion Index (LCI)
- Advertisers on Reddit can now access InMarket's LCI to develop deeper understandings of advertising campaigns in the U.S. AUSTIN, Texas , Nov. 12, 2024 /PRNewswire/ -- InMarket, a leader in real-time marketing and measurement, today announced a preferred partnership with Reddit Inc. (NYSE: RDDT). Utilizing InMarket's Lift Conversion Index (LCI), Reddit advertisers in the U.S. can optimize their campaigns inflight and measure the real-world impact of their advertising efforts, like Visit and Sales lift, to maximize campaign effectiveness.
- 11/12/2024
|
3 Key Catalysts That Should Drive Reddit's Stock Much, Much Higher
- Reddit has seen recent success in closing the monetization gap by improving ad load and attracting a more diverse stable of advertisers. Translation and data licensing efforts significantly expand RDDT's revenue growth potential. While the valuation looks 'premium', we see a 25% annualized upside from now through 2026 on the back of higher advertiser ROI, user growth, and RPU.
- 11/12/2024
|
Reddit Stock Surges 167% Year to Date: Should You Buy the Stock?
- RDDT stock benefits from robust user growth, expanding ad revenues and key partnerships, positioning it for continued success in the digital landscape.
- 11/11/2024
|
Reddit Stock Soars 167% Year-To-Date, Unshaken By Exec Sell-Offs
- Reddit Inc. RDDT has turned heads this year, boasting a 167% gain year-to-date, with recent months showing an even steeper climb.
- 11/11/2024
|
Monster insider trading alert for Reddit stock
- Michael Seibel, a director at Reddit, Inc. (NYSE: RDDT), recently sold a substantial portion of his holdings, as disclosed in a filing with the U.S. Securities and Exchange Commission (SEC).
- 11/10/2024
|
Reddit Overtakes Snap In Market Value After Election Day Rally
- Reddit Inc RDDT has turned the tables on Snap Inc SNAP in social media rankings, climbing 12% on Election Day to reach a market cap of $21.5 billion, ahead of Snap's $20.4 billion.
- 11/06/2024
|
Reddit stock hit by major insider trading activity
- In the highly saturated yet competitive social media market, Reddit (NYSE: RDDT) stands out. The platform, which aligns more closely with the style of an old-school forum, had its long-anticipated initial public offering (IPO) on March 21.
- 11/06/2024
|
This Hot IPO Can Double Again in 2025
- One of the biggest market debuts of 2024 is also one of its biggest gainers.
- 11/05/2024
|
Trade Tracker: Josh Brown buys Reddit
- Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's 'Halftime Report' to discuss why he's buying Reddit here.
- 11/04/2024
|
Reddit Surges After Earnings Beat: Time to Buy?
- Shares of Reddit NYSE: RDDT, the well-known social media giant, surged by as much as 50% last week following a stellar Q3 earnings report that sent the stock to new all-time highs. After pulling back briefly from highs on Thursday, the stock closed the week at $112.98, up an impressive 38.8% on the week, compared to the overall market's negative 1.38% weekly performance.
- 11/04/2024
|
Reddit Stock Soars To Record Highs On First Profitable Quarter As Public Company
- Reddit stock soared this past week, hitting record highs after the company reported its first profitable quarter as a public company. The post Reddit Stock Soars To Record Highs On First Profitable Quarter As Public Company appeared first on Investor's Business Daily.
- 11/01/2024
|
Why Wall Street Missed Signs Of Reddit Stock's 58% Climb
- Reddit stock soars on earnings — Don Vandenbord explains what factors Wall Street may have missed and how to notice them in the future. The post Why Wall Street Missed Signs Of Reddit Stock's 58% Climb appeared first on Investor's Business Daily.
- 10/31/2024
|
Reddit stock price: 3 reasons why RDDT is soaring to all-time highs
- Reddit stock is having the best day in its short history after the social media platform announced third-quarter 2024 results yesterday that were better than most analysts expected. Investors are rewarding the company.
- 10/31/2024
|
Reddit's explosive user growth and AI tools help it soar to its first profit as a public company
- Reddit has turned a profit for the first time as a public company.
- 10/31/2024
|
Is Reddit's (RDDT) Stock at an Inflection Point After Strong Q3 Results?
- Soaring to new highs, Reddit's (RDDT) stock has spiked more than +30% today after crushing its third-quarter expectations after market hours on Tuesday.
- 10/30/2024
|
Reddit has sold most of its cryptocurrency portfolio
- Reddit's proceeds from the crypto sale were $6.9 million during the quarter, according to a filing.
- 10/30/2024
|
Reddit ad business momentum sees Bank of America analysts lift price target
- Analysts at Bank of America have raised their price target for Reddit (NYSE:RDDT) after the social media platform delivered a strong third quarter earnings report and upbeat outlook. The analysts raised their price objective to $99 from $84 on its upwardly revised forward estimates which reflect higher ad revenue offset by slightly lower data revenue.
- 10/30/2024
|
RDDT Paving Its Path in the Social Media Space
- Reddit (RDDT) soared on a massive rally after turning a profit and raising its fourth quarter guidance. Seema Shah says the company is significantly smaller than competitors but has also seen significant growth.
- 10/30/2024
|
Can Reddit's Solid Q3 Earnings & Revenue Beat Drive the Stock?
- RDDT's third-quarter 2024 results benefit from strong user growth, higher ARPU and AI-powered services.
- 10/30/2024
|
Why Reddit Stock Is Surging Today
- What's driving Reddit's stock to new heights today? Check out how the social discussion forum crushed analysts' expectations in the third quarter.
- 10/30/2024
|
Reddit Stock Surges Nearly 40% Toward Best Day Ever After Revenue Beats Estimates
- Reddit reported an increase in third-quarter revenue that exceeded analyst expectations, sending the social media company's stock soaring Wednesday toward its best day since going public in March, as analysts say the firm is benefitting from new search algorithms and other licensing deals.
- 10/30/2024
|
Why Reddit Stock's an Even Bigger Buy After Earnings
- Reddit stock is soaring Wednesday after the social media firm's blowout earnings report and upbeat guidance and analysts are rushing to raise price targets.
- 10/30/2024
|
Reddit Stock Jumps 40% on Surprise Profit, Buoyant Outlook
- Reddit (RDDT) shares are surging Wednesday after the social media firm posted its first quarterly profit as a public company with higher-than-estimated results and a rosy fourth-quarter outlook.
- 10/30/2024
|
Reddit: Astronomical Rally Potential As This Company Expands Beyond English
- Reddit's Q3 results exceeded expectations, with revenue up 68% y/y and DAUs growing 47% y/y, driving shares up 20% post-earnings. The company has particular advantages and potential in international markets, where machine translation has proven successful in France and Spain. It's planning to roll out local language translation to over 30 countries through 2025. With international representing less than 20% of current revenue, this is a major near-term growth driver.
- 10/30/2024
|
2 Social Media Stocks Surging After Earnings
- Shares of social-media companies Reddit Inc (NYSE:RDDT) and Snap Inc (NYSE:SNAP) are surging today after earnings.
- 10/30/2024
|
Reddit shares soar 35% on profitability, rosy guidance
- Reddit shares popped Wednesday, one day after it reported third-quarter results that beat Wall Street's expectations. The company reported revenue of $348.4 million, up 68% from a year earlier.
- 10/30/2024
|
‘Rocketship' Reddit's third-quarter results a real ‘Jekyll and Hyde' story, says Bernstein
- Reddit Inc.'s better-than-expected third-quarter results highlight the social-media platform's strong growth potential, analysts say.
- 10/30/2024
|
RDDT's Big Rally, LLY Plunges on Mounjaro & Zepbound Sales Miss
- The morning's biggest winner is Reddit (RDDT) after the social media platform turned a profit and reported higher-than-expected guidance. Eli Lilly (LLY) reported an "uncharacteristic" miss despite Mounjaro drug sales more than doubling over a year.
- 10/30/2024
|
Reddit Stock Jumps on Surprise Profit, Buoyant Outlook
- Reddit (RDDT) shares are surging 24% in premarket trading Wednesday after the social media firm posted its first quarterly profit as a public company with higher-than-estimated results and a rosy fourth-quarter outlook.
- 10/30/2024
|
Reddit Price Levels to Watch as Stock Surges on Strong Earnings, Outlook
- Reddit (RDDT) shares surged in premarket trading on Wednesday after the company reported earnings that topped estimates and provided a better-than-expected outlook amid robust digital advertising spending and lucrative artificial intelligence (AI) content licensing deals.
- 10/30/2024
|
Digital ad sellers jump as Google, Reddit and Snap earnings indicate sturdy demand
- Shares of online ad sellers surged on Wednesday as strong earnings from Google-parent Alphabet, Reddit and Snap signaled solid spending from brands ahead of the crucial holiday season.
- 10/30/2024
|
Reddit's bet on AI is starting to pay off
- Reddit shares surged 25% after it reported a revenue beat and turned a profit for the first time. The company saw a 68% revenue increase and a 47% rise in daily active visitors in Q3.
- 10/30/2024
|
Reddit: Future Of Contextual And Interest-Based Ads, Initiate With 'Buy'
- Reddit's community-based platform excels in contextual and interest-based ads, driving strong DAUq growth and ARPU improvements, leading to a 'Buy' rating with a $130 target price. International expansion and AI-powered tools like Memorable AI bolster Reddit's advertising capabilities, enhancing revenue growth and global user engagement. RDDT's Q3 results showcased 47% DAUq growth, 68% revenue rise, and significant margin expansion, with a projected 40% revenue growth from FY25 to FY28.
- 10/30/2024
|
Reddit declares first profit since going public, shares rocket higher
- Social media website Reddit (NYSE:RDDT) posted a net income of $29.9 million in the third quarter, marking the first quarterly profit since going public in March. Reddit delivered this on an 8.6% margin, driven by a 56% increase in advertising revenue to $315.1 million.
- 10/30/2024
|
CNBC Daily Open: Everyone gave Reddit an upvote
- Our social media habits are so ingrained they're almost automatic and essential. Little surprise, then, that the companies behind them are flourishing.
- 10/30/2024
|
Reddit, Inc. (RDDT) Q3 2024 Earnings Call Transcript
- Reddit, Inc. (NYSE:RDDT ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Company Participants Jesse Rose - Head of Investor Relations Steven Huffman - Co-Founder & Chief Executive Officer Jennifer Wong - Chief Operating Officer Andrew Vollero - Chief Financial Officer Conference Call Participants Benjamin Black - Deutsche Bank Ronald Josey - Citigroup Richard Greenfield - LightShed Andrew Boone - JMP Securities Naved Khan - B. Riley Securities Eric Sheridan - Goldman Sachs Rohit Kulkarni - ROTH Capital Partners John Colantuoni - Jefferies Brian Nowak - Morgan Stanley Thomas Champion - Piper Sandler Douglas Anmuth - JP Morgan Alan Gould - Loop Capital Daniel Salmon - New Street Research Operator Good afternoon.
- 10/29/2024
|
Alphabet, Visa, Reddit Up on Strong Earnings Numbers
- Meanwhile, Chipotle and AMD beat on earnings but are sliding in late trading on weaker guidance.
- 10/29/2024
|
Reddit: Buying The Underdog For Its Pace Of Growth
- We're adding Reddit, Inc. to our tech coverage universe and initiating with a buy. Q3 2024 results and management outlook confirm our expectation that there is more upside ahead. We expect sustained outperformance into FY25 on better ad spending in a healthier macro backdrop and an upward revision in its AI data licensing revenue.
- 10/29/2024
|
Reddit's stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates
- Reddit Inc. said late Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.
- 10/29/2024
|
Sam Altman's Reddit stake now worth over $1 billion after post-earnings pop
- Sam Altman's stake in Reddit is now worth more than $1 billion, based on where the stock is trading after hours. The OpenAI CEO is among Reddit's largest shareholders.
- 10/29/2024
|
Reddit Stock Surges As Strong Revenue Growth Powers Surprise Profit
- Reddit easily bested Q3 estimates and gave a stronger-than-expected sales and profit forecast for Q4.
- 10/29/2024
|
Reddit shares soar 16% on earnings beat and better-than-expected forecast
- Reddit reported third-quarter financial results that topped analyst estimates. The company's forecast for the fourth quarter was also better than expected.
- 10/29/2024
|
BTCC Exchange Strengthens Community Engagement with New Reddit and Discord Campaigns Amid Growing Market Excitement
- VILNIUS, Lithuania, Oct. 29, 2024 (GLOBE NEWSWIRE) -- BTCC Exchange , one of the world's longest-serving crypto exchanges, has strengthened its community-building efforts by expanding its social media presence on Reddit and Discord. Through these platforms, BTCC is creating an interactive space where users can freely discuss market trends, speculate on price movements, and stay updated on the latest BTCC news.
- 10/29/2024
|
The Zacks Analyst Blog Novartis, Reddit and Check Point Software Technologies
- Novartis, Reddit and Check Point Software Technologies are included in this Analyst Blog.
- 10/29/2024
|
Buy 3 Stocks Likely to Gain on Potential Q3 Earnings Beat
- We have narrowed our search to three large-cap stocks set to report earnings results tomorrow. These are: NVS, RDDT, CHKP.
- 10/28/2024
|
Reddit's results are on deck. Analysts expect ad strength and growth in online spending.
- Reddit reports its third quarterly results as a public company after market close on Tuesday amid expectations of ad strength and healthy online spending growth.
- 10/28/2024
|
Reddit, Snap Kick Off Social Media Earnings With Meta On Deck. Here's What To Watch.
- Earnings are due for Snap stock and Reddit as the social media players look to gain ground on their much larger rival Meta.
- 10/28/2024
|
Is Reddit Inc. (RDDT) a Buy as Wall Street Analysts Look Optimistic?
- Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
- 10/28/2024
|
What You Need to Know Ahead of Reddit's Earnings Tuesday
- Reddit (RDDT) is set to report earnings after the bell on Tuesday, with analysts expecting revenue growth, but a slightly larger net loss than it recorded the same time last year before the social media company went public.
- 10/25/2024
|
Why Reddit Inc. (RDDT) Dipped More Than Broader Market Today
- Reddit Inc. (RDDT) reachead $77.29 at the closing of the latest trading day, reflecting a -1.6% change compared to its last close.
- 10/22/2024
|
Reddit CEO says the platform is in an 'arms race' for AI training
- Reddit CEO Steve Huffman said the company is working to find its place in the AI "arms race." The platform has become a power player in the race to train AI models.
- 10/21/2024
|
Monster insider trading alert for Reddit stock
- Despite its strong performance, Reddit's (NYSE: RDDT) stock has been plagued by its suspected meme stock status and the lack of a lockup period for its executives after the initial public offering (IPO).
- 10/21/2024
|
Reddit Q3 Preview: Licensing The Next Growth Catalyst After Ads
- Reddit's stock has risen over 25% since my initial "buy" rating, driven by strong advertising and data licensing revenue after it signed a partnership with OpenAI to improve user innovation. Its Q2 FY24 earnings showed 54% YoY revenue growth and a 3300 basis point margin expansion, with DAUq reaching an all-time high of 91.2M. Key growth drivers include international expansion, targeted product investments to deepen user engagement and build advertiser relationships, and data licensing agreements, particularly with OpenAI and Sprinklr.
- 10/20/2024
|
Advertising Growth key for Reddit (RDDT)
- Megan Brantley from @LikeFolio shares their research on Reddit (RDDT) as the social media company competes with Meta Platforms (META), Snap (SNAP) and even Tiktok. "Overall, we see a mixed bag," she says before pointing to the significance of its advertising revenue business.
- 10/18/2024
|
Global IPO Activity Picking Up But Continues To Lag Other Post-COVID Years
- Global IPO activity is recovering but remains below recent years, with 326 IPOs in Q3 2024 totaling $23.32 billion, the lowest since Q1 2019. US IPO activity has increased steadily, with 36 IPOs in Q3 2024, and $26.28 billion raised in the first three quarters, nearly double 2023. European IPO activity slowed in Q3 2024, with 30 transactions and $770 million offered, but $17.46 billion raised through Q3 2024, up from $13.50 billion in 2023.
- 10/16/2024
|
Reddit Inc. (RDDT) Advances While Market Declines: Some Information for Investors
- In the most recent trading session, Reddit Inc. (RDDT) closed at $75.17, indicating a +0.4% shift from the previous trading day.
- 10/15/2024
|
Brokers Suggest Investing in Reddit Inc. (RDDT): Read This Before Placing a Bet
- Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
- 10/10/2024
|
Reddit's user surge and AI integration set to propel EBITDA growth, says Jefferies in initial coverage
- Jefferies has initiated coverage on Reddit (NYSE:RDDT), citing the platform's impressive user growth, particularly after integrating AI-driven enhancements and improving its platform speed. Analysts initiated coverage with a "Buy" rating and a $90 price target, which implies a 28% upside from the current price.
- 10/09/2024
|
Reddit Stock Rises as Jefferies Calls Stock a 'Buy' on AI Strengths
- Reddit (RDDT) shares climbed Wednesday after analysts at Jefferies initiated coverage of the social media platform with a "buy" rating, citing its success within Google search results and its artificial intelligence (AI) use cases.
- 10/09/2024
|
Reddit stock climbs after Jefferies initiates coverage with a buy rating
- Jefferies estimates that Reddit's Ebitda will more than double in the next two years to around $450 million.
- 10/09/2024
|
Reddit Stock Boosted by Fresh Analyst Coverage
- Reddit Inc (NYSE:RDDT) is 4.7% higher to trade at $74.09 after Jefferies initiated research coverage on the social media stock with a "buy" rating and a Street-high $90 price target.
- 10/09/2024
|
Reddit Stock Gains After Jefferies Initiates With Bullish View On Ad Strength, AI Deals
- Reddit stock gained in early trading Wednesday after Jefferies initiated coverage of the social media company at buy.
- 10/09/2024
|
Meltwater Expands Partnership with Reddit, Providing Full Access to Extended Firehose
- SAN FRANCISCO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Meltwater, a leading global provider of media, social and consumer intelligence, today announces the expansion of its partnership with Reddit, one of the internet's largest sources of information with 100,000+ active communities and ~91+ million daily active unique visitors. This strategic collaboration will grant Meltwater customers full access to Reddit's extended firehose, enabling them to tap into the vast wealth of public conversations and insights happening on the platform.
- 10/09/2024
|
Reddit Inc. (RDDT) Rises Yet Lags Behind Market: Some Facts Worth Knowing
- The latest trading day saw Reddit Inc. (RDDT) settling at $70.77, representing a +0.47% change from its previous close.
- 10/08/2024
|
Reddit Stock Faces Caution from JP Morgan: Strong Fundamentals, But Valuation Concerns Persist
- JP Morgan analyst Doug Anmuth maintained a Neutral rating on Reddit, Inc RDDT with a price target of $77, up from $59.
- 10/07/2024
|
Financial Influencers on TikTok, Reddit, YouTube Behind Quick-Bucks ETF Retail Boom
- Across platforms like TikTok, YouTube and Reddit, financial influencers are promoting a new way to speculate in the stock market: derivatives-enhanced exchange-traded funds. Traders are sending $50 billion and counting across these kind of ETF strategies this year, with issuers saying they're meeting incessant demand for smart investing styles that were once solely the province of the financial elite.
- 10/07/2024
|
Reddit to Announce Third Quarter 2024 Results on Tuesday, October 29, 2024
- SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), announced today that the company's third quarter 2024 financial results will be released after market close on Tuesday, October 29, 2024. Reddit will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the conference call and related earnings materials can be accessed at Reddit's Investor Relations website at investor.redditinc.com and investor relations subreddit r/RDDT. A replay of.
- 10/03/2024
|
Reddit Inc. (RDDT) Ascends While Market Falls: Some Facts to Note
- The latest trading day saw Reddit Inc. (RDDT) settling at $65.97, representing a +0.08% change from its previous close.
- 10/01/2024
|
Reddit Surges 33% Year to Date: To Buy or Not to Buy the Stock?
- RDDT stock is driven by robust user growth, expanding ad revenues and key partnerships, positioning it for continued success in the digital landscape.
- 09/30/2024
|
Reddit CEO and Co-Founder Steve Huffman (spez) Talks About What's Driving Growth for the Platform
- You might use Reddit, but is it also worth a look for your portfolio?
- 09/26/2024
|
Reddit Inc. (RDDT) Increases Despite Market Slip: Here's What You Need to Know
- Reddit Inc. (RDDT) concluded the recent trading session at $67.88, signifying a +1.37% move from its prior day's close.
- 09/25/2024
|
Reddit: Has Upside As It Grows Its Users And Leverages Its Data
- Reddit's Q2 2024 revenue surged 54% YoY, driven by a 41% increase in Ad revenue and a 691% rise in Other revenue. The acquisition of Memorable AI enhances ad performance, leveraging Reddit's rich user interaction data to improve click-through rates and ad relevancy. Reddit's DAUq and WAUq grew over 50% YoY, highlighting strong user engagement and the platform's unique community-driven nature.
- 09/25/2024
|
CEO Steve Huffman on How Reddit Stands Out in the World of Social Media
- We've also got a look at Nike's CEO change, the Fed's rate cut, and other interesting topics for investors.
- 09/25/2024
|
Reddit extends machine-learning translation to 35 new countries, including Brazil and Spain
- Social-media platform Reddit is rolling out machine-learning translation to a slew of new countries.
- 09/25/2024
|
Is This Recent IPO Stock a Buy Now?
- Reddit is still unprofitable, but it's generating positive free cash flow and has $1.7 billion in cash on hand. Given its fundamentals, Reddit isn't an appropriate pick for value or income-seeking investors.
- 09/20/2024
|
Here's Why Reddit Inc. (RDDT) Gained But Lagged the Market Today
- In the latest trading session, Reddit Inc. (RDDT) closed at $64.56, marking a +1.41% move from the previous day.
- 09/19/2024
|
Reddit: Primed To Move Higher
- Reddit's strong cash position and zero debt make it a solid buy at 42x free cash flow. With over 342 million active users and rapid growth, Reddit is just beginning to tap into its full potential. I believe Reddit's ability to sustain a 30% CAGR makes its current valuation a bargain.
- 09/19/2024
|
Reddit Inc. (RDDT) Stock Declines While Market Improves: Some Information for Investors
- Reddit Inc. (RDDT) reachead $59.09 at the closing of the latest trading day, reflecting a -0.91% change compared to its last close.
- 09/13/2024
|
Reddit Inc. (RDDT) Stock Sinks As Market Gains: Here's Why
- Reddit Inc. (RDDT) reachead $59.63 at the closing of the latest trading day, reflecting a -0.4% change compared to its last close.
- 09/12/2024
|
Reddit: Surprisingly Good Start
- Reddit, Inc. reported 51% DAU growth and 57% WAU growth for Q2, but struggles with monetizing logged-out users, who grew 74% YoY. The company is reporting strong adjusted profits, but insiders have already started unloading shares, with the IPO lock-up expiring after Q2 results. The stock's valuation is high, trading at a 9.0x forward EV/S multiple, making it pricier than peers like Meta Platforms and Pinterest.
- 08/30/2024
|
Reddit: Explosive User Growth Powered By AI
- Reddit's strategic AI partnerships with OpenAI and Sprinklr enhance user engagement and ad revenue, positioning it well in the AI-driven social media landscape. Despite recent stock underperformance, Reddit's strong user growth and data monetization underscore its potential for future gains. Reddit's Q2 earnings report shows record highs in user engagement and revenue, driven by AI-enhanced advertising tools and strategic collaborations.
- 08/30/2024
|
Reddit: Continued Growth Justifies Additional Upside
- Reddit's shares have outperformed the S&P 500, rising 21.1% since its IPO, driven by robust revenue growth and increased Daily Active Uniques. Revenue surged 53.7% year-over-year to $281.2 million, with significant growth in DAUq, particularly from the U.S., boosting monetization and user engagement. Profitability metrics are improving rapidly, with operating cash flow turning positive and EBITDA showing substantial gains, despite a net loss due to stock-based compensation.
- 08/30/2024
|
Reddit down for thousands of users, Downdetector shows
- Social media platform Reddit said on Wednesday it was investigating an outage that has affected thousands of users in the U.S.
- 08/28/2024
|
It's not just you: Reddit is down
- Reddit's mobile and web applications went down on Wednesday afternoon, with more than 150,000 users reporting outages on DownDetector as of 1:30 PM in San Francisco. When trying to access Reddit's homepage, users were met with a message reading, “Server error.
- 08/28/2024
|
Reddit CEO on Expansion and A.I. Monetization
- "Our work is working," @reddit CEO Steve Huffman tells Nicole Petallides. The company began publicly trading in March as its partnerships reach major companies like Google and Open A.I.
- 08/21/2024
|
Reddit to Participate in Goldman Sachs Communacopia + Technology Conference
- SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), announced that on Wednesday, September 11, 2024, Steve Huffman, Reddit Co-Founder and CEO, will participate in a fireside chat at the Goldman Sachs Communacopia + Technology Conference in San Francisco, CA. The session will begin at 10:50 a.m. PT / 1:50 p.m. ET. During the fireside chat, Mr. Huffman will also address questions submitted in advance by Reddit users in the investor relations subreddit, r/RDDT. A live webcast and replay wil.
- 08/19/2024
|
Reddit: Buy The Dip With Confidence (Rating Upgrade)
- Shares of Reddit have lost ~30% from YTD highs and are trading back near its original Day 1 close post-IPO. The company recently reported incredible Q2 results that featured accelerating revenue growth and daily active users that trumped peers like Snap and Pinterest. The company's data licensing revenue stream also continues to multiply y/y. This could become a much more significant revenue base if Reddit follows in Twitter's footsteps.
- 08/19/2024
|
3 High-Potential Stocks Analysts Say Could Soar
- Wall Street analysts understand that their reputations and careers are on the line each time they issue a recommendation for—or against—a stock. Knowing this, investors would find the weight of the decision-making and stock rating all the more important now that the S&P 500 has survived one of the worst weeks of 2024.
- 08/15/2024
|
Reddit's increased reliance on Google traffic has Wall Street anxious to see if visitors sign up
- Reddit has climbed to the top of Google results following a series of updates by the search giant. Reddit, which held its IPO in March, needs to convince a growing number of those visitors to register for official accounts, as so-called logged-in users generate much higher rates of ad revenue.
- 08/14/2024
|
Reddit Ad Revenue Is Soaring. That's Not Good for RDDT Stock.
- As expected, Reddit's (NASDAQ: RDDT ) plan to flood the comments section of its platform with advertising is having the desired effect. Ad revenue surged 42% in the second quarter t0 $253.1 million.
- 08/10/2024
|
3 Stocks That Could Make Your Summer Unforgettable
- We're into the dog days of summer, and markets remain volatile. But volatility creates opportunities for investors.
- 08/10/2024
|
Reddit (RDDT) Shares Up on Strong Q2 Earnings, Revenues Beat
- Reddit's (RDDT) second-quarter 2024 results benefit from strong daily active user growth, higher ARPU and AI-powered services.
- 08/09/2024
|
Reddit Stock Confirms More Upside Potential for Upcoming Quarters
- After the stock market started a brief sell-off this week, most market participants let their emotions get the best of their portfolios, either selling out of stocks that they should never let go of or even starting prematurely buying the dip on the entire market, which is just as detrimental as letting go of winning names.
- 08/08/2024
|
Reddit stock slumps after CEO Steve Huffman teases paywalled subreddits
- Reddit's CEO is hinting that the social media site could explore some paid options for select subreddits now that it's publicly traded.
- 08/07/2024
|
Reddit set to harness ‘treasure trove' of user-generated content, says analyst
- Reddit Inc., which reported its second quarterly results as a public company Tuesday, is well-positioned to reap the benefits of the “treasure trove” of user-generated content on the platform, says Baird Equity Research.
- 08/07/2024
|
Reddit COO on Sales Forecast, AI Play
- Reddit said it expects steady revenue growth from new data licensing partnerships and advertising technology, charting its path forward as a newly public company. Reddit COO Jen Wong joins Ed Ludlow to discuss the results on "Bloomberg Technology.
- 08/07/2024
|
Reddit Partnerships With OpenAI, Google And Sprinklr Drive Upside: Analysts
- Reddit, Inc RDDT is benefiting from Alphabet Inc GOOGL Google search changes as well as partnerships with artificial intelligence innovator OpenAI and Sprinklr Inc CXM.
- 08/07/2024
|
Reddit News: What's Going On With RDDT Stock Today?
- Reddit (NYSE: RDDT ) has been among the better performers in the social media space, at least up until July. While RDDT stock is still in the green on a year-to-date (YTD) basis, the stock had climbed more than 60% trough to peak in July before coming back to earth.
- 08/07/2024
|
Reddit, Inc. (RDDT) Q2 2024 Earnings Call Transcript
- Reddit, Inc. (NYSE:RDDT ) Q2 2024 Results Conference Call August 6, 2024 5:00 PM ET Company Participants Jesse Rose - Head of Investor Relations Steve Huffman - Co-Founder & Chief Executive Officer Jen Wong - Chief Operating Officer Drew Vollero - Chief Financial Officer Conference Call Participants Doug Anmuth - JPMorgan Laura Martin - Needham & Company Ron Josey - Citi Brian Nowak - Morgan Stanley Eric Sheridan - Goldman Sachs Rich Greenfield - LightShed Andrew Boone - JMP Securities Tom Champion - Piper Sandler Daniel Salmon - New Street Research Benjamin Black - Deutsche Bank Alan Gould - Loop Capital Operator Good afternoon. My name is Krista, and I will be your conference operator today.
- 08/06/2024
|
Reddit Narrows Losses as Revenue Surges on Advertising Growth
- Reddit (RDDT) beat analysts' expectations on the top and bottom lines in its second quarterly earnings report since its March initial public offering (IPO).
- 08/06/2024
|
Rapid user growth impacting revenue per user, says Reddit CEO Steve Huffman
- Steve Huffman, Reddit co-founder and CEO, joins 'Closing Bell Overtime' and CNBC's Julia Boorstin to talk quarterly results, user growth, advertising and more.
- 08/06/2024
|
Reddit reports second-quarter revenue beat and narrower-than-expected loss
- Reddit Inc. reported its second quarterly results as a public company Tuesday, with the social-media platform reporting better-than-expected revenue and a narrower-than-expected loss, and giving sales guidance that surpassed Wall Street's expectations.
- 08/06/2024
|
Reddit posts Q2 beat, stronger-than-expected revenue outlook
- CNBC's Julia Boorstin joins 'Closing Bell Overtime' with Reddit earnings.
- 08/06/2024
|
Reddit reports better-than-expected results for second quarter
- Reddit reported earnings for the second time as a public company. Revenue topped analysts' estimates, and the company's loss was narrower than analysts expected.
- 08/06/2024
|
Reddit Announces Second Quarter 2024 Results
- SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT) today announced financial results for the quarter ended June 30, 2024. Reddit's complete financial results and management commentary can be found in its shareholder letter on Reddit's Investor Relations website at https://investor.redditinc.com. “We had a strong quarter across the board and more people are visiting Reddit than ever before,” said Steve Huffman, Co-Founder and CEO of Reddit. “Our work to improve the platform is driving res.
- 08/06/2024
|
The Final Peak Week Of The Q2 Season Begins Amid Souring Economic Data
- This marks the last peak week of the Q2 earnings season with 3,908 companies expected to report. Earnings have come in better-than-expected, but tend to be overshadowed by economic data. Outlier earnings this week include: CSX, CAT, and VFC.
- 08/06/2024
|
Reddit's stock rallies, then slips, as second-quarter results loom
- Shares of Reddit Inc. were down 0.6% on Monday afternoon ahead of the social-media platform's second-ever quarterly earnings report as a public company on Tuesday.
- 08/05/2024
|
Reddit Acquires Ad-Optimization Company Memorable AI
- Reddit (RDDT) made its first acquisition since its initial public offering earlier this year, the social-media company on Thursday announcing that it had purchase advertising technology company Memorable AI.
- 08/01/2024
|
Meta and Pinterest Stocks Diverged After Earnings. What It Means for Snap and Reddit.
- Meta Platforms and Pinterest kicked off earnings season for social-media stocks with contrasting results. Now Snap and Reddit need to show advertising and AI payoffs.
- 08/01/2024
|
What Are the Hottest Social Media Stocks Right Now? 3 Top Picks.
- In today's digital era, social media stocks emerge as a strong investment avenue for investors seeking long-term returns. Social media is no novelty; some call it a defining characteristic of the 21st century.
- 07/31/2024
|
What You Need To Know Ahead of Reddit's Earnings Report
- Reddit (RDDT) is set to report second-quarter earnings after the bell on Aug. 6, with investors likely watching for user engagement growth and updates on licensing agreements for artificial intelligence (AI) training.
- 07/29/2024
|
Reddit co-founder Alexis Ohanian on the rise of women's sports
- Alexis Ohanian, 776 founder and Reddit co-founder and former executive chairman, joins 'Squawk Box' to discuss the rise of women's sports, investing in women's sports, Ohanian's women's track investment, and more.
- 07/29/2024
|
Reddit Inc. (RDDT) Advances But Underperforms Market: Key Facts
- Reddit Inc. (RDDT) closed the most recent trading day at $62.36, moving +0.48% from the previous trading session.
- 07/26/2024
|
Why Reddit Inc. (RDDT) Dipped More Than Broader Market Today
- In the most recent trading session, Reddit Inc. (RDDT) closed at $62.06, indicating a -1.41% shift from the previous trading day.
- 07/25/2024
|
IPO Window Cracks Open, Scouting Potential 2nd-Half Go-Public Stories
- With mixed second-quarter bank earnings under our belt, there is a better sense of how capital markets may unfold over the second half of the year. Messages were somewhat mixed, but there is an underlying optimism that merger and acquisition activity may pick back up as the Fed gradually reduces its policy rate over the months and quarters to come.
- 07/24/2024
|
Reddit Stock Jumps as Social Media Shares Climb
- Shares of Reddit (RDDT) jumped Monday, outpacing other social media companies' rising shares to start the week.
- 07/22/2024
|
RDDT Stock Alert: Reddit Nabs New Deals with NFL, NBA
- Reddit (NYSE: RDDT ) stock is up on Monday after signing new deals with the NFL, the NBA and other sports leagues for more content on its website. This will see sports leagues share a variety of content on the site in an effort to attract more users.
- 07/22/2024
|
3 Meme Stocks to Buy Now: Q3 Edition
- The astonishing GameStop (NYSE: GME ) short squeeze in January 2021 was a watershed moment for meme investing. Although coordinated retail investors have bought into positions in a similar way to meme stocks in the past, 2021 underlined the strength of social media in driving the meme stocks to buy now.
- 07/22/2024
|
Reddit partners with NFL, NBA to boost revenue
- Reddit said on Monday it has struck deals with sports leagues, including the National Basketball Association and the National Football League, in an attempt to boost revenue.
- 07/22/2024
|
Bears are Losing Control Over Reddit Inc. (RDDT), Here's Why It's a 'Buy' Now
- Reddit Inc. (RDDT) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
- 07/19/2024
|
Reddit: Unpacking This Newly Listed Tech Company
- Reddit stock has delivered a 30% return to shareholders since going public in March, outperforming the S&P 500. Reddit's dual share structure offers an intriguing twist on a concept that has caused concern for investors in the past. We cannot help but wonder about the sustainability of today's valuation, even with robust user growth.
- 07/19/2024
|
Reddit Inc. (RDDT) Increases Despite Market Slip: Here's What You Need to Know
- Reddit Inc. (RDDT) reachead $65.92 at the closing of the latest trading day, reflecting a +1.09% change compared to its last close.
- 07/18/2024
|
Reddit (RDDT) Vs. Trump's DJT: How 2 High-Profile Social Media Stocks Have Fared Since March Listings
- Social media stocks Reddit, Inc. RDDT and Trump Media & Technology Group Corp. DJT were among high-profile public listings in March and their fortunes have diverged. Here's a rundown on how the shares have fared since their listings vis-a-vis fundamentals and what lies ahead.
- 07/17/2024
|
Top Pick: Reddit Is A Conviction Buy
- Reddit is commonly thought of as a meme stock, but it has the fundamentals to back the soaring stock price. The latest quarter saw the company deliver sector-leading growth while also making solid improvements in profitability. Wall Street may be missing the big picture here, as the growth runway is as long as I have ever seen.
- 07/17/2024
|
This Starbucks Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday
- Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
- 07/16/2024
|
CrossFirst Bankshares Posts Q2 Earnings, Joins Owens & Minor, Reddit And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
- U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 40 points on Tuesday.
- 07/16/2024
|
Bullish on Reddit (RDDT) as Shares Near All-Time High
- Reddit (RDDT) shares are near a post IPO all-time high. Shares are up nearly 60% since going public on March 21st.
- 07/12/2024
|
Social Platform Stock Hits New Highs: Is More Growth Ahead?
- Reddit, Inc. NYSE: RDDT has been on an impressive run, recently achieving a new all-time high and up almost 40% YTD. The question now is whether this momentum and sector outperformance can continue after the stock pulled back nearly 10% from its recent highs and has a growing short interest.
- 07/12/2024
|
Reddit Inc. (RDDT) Stock Declines While Market Improves: Some Information for Investors
- In the closing of the recent trading day, Reddit Inc. (RDDT) stood at $69.40, denoting a -1.69% change from the preceding trading day.
- 07/10/2024
|
The 3 Best Social Media Stocks to Buy in July 2024
- If you're looking for relative value in tech after the meteoric rise of the Nasdaq 100 and the Magnificent Seven in the first half, perhaps the social media scene is worth checking out this July. Undoubtedly, the artificial intelligence revolution will change many industries in profound ways that are difficult for some to fathom.
- 07/04/2024
|
Here's Why Reddit Stock Went Up 18% Last Month
- Investors and analysts are trying to figure out what Reddit's value is, which can lead to ups and downs. Investors can be calm in spite of volatility if they know the right things to focus on.
- 07/03/2024
|
45% Post-IPO Surge: Why Reddit Stock Might Be Your Best Tech Bet of 2024
- Up 45% since its initial public offering in March of this year, Reddit (NYSE: RDDT ) has emerged as one of the best technology stocks that investors can buy. Reddit stock has come out of the as gate strong as just about any company that's held an IPO in the last four years.
- 07/03/2024
|
Nasdaq Leads Another Stock Market Gain, Closes Above 18,000; Reddit Surges Out Of Base
- Buyers dictated the action again in the stock market Tuesday as the Nasdaq composite and S&P 500 marked all-time closing highs.
- 07/02/2024
|
The 3 Smartest Tech Stocks to Buy With $5,000 Right Now
- Technology stocks remain hot with plenty of great options to choose right now. Cybersecurity, cryptocurrencies, social media and anything related to artificial intelligence (AI) have the attention of investors and analysts.
- 06/26/2024
|
WSJ reporter compares Google v Reddit search results
- Reddit (RDDT) usage for search has boomed. According to data from Similarweb, the social media platform saw a 39% increase in website visits, year-over-year, while Google (GOOG, GOOGL) reported a drop of 2.2%.
- 06/26/2024
|
Reddit to update web standard to block automated website scraping
- Social media platform Reddit said on Tuesday it will update a web standard used by the platform to block automated data scraping from its website, following reports that AI startups were bypassing the rule to gather content for their systems.
- 06/25/2024
|
Microsoft, Amazon Or Palantir: Reddit Users Debate How To Invest $4,900
- Reddit user Asdeev_Drago sparked a lively debate on r/stocks, seeking advice on where to invest $4.9K after already buying Nvidia Corp NVDA, Palantir Technologies Inc PLTR, and Rocket Lab USA Inc RKLB shares. Here's a roundup of the best stock picks and insights from the community.
- 06/25/2024
|
Reddit Stock and the Rubberband Effect: A Case for Lower Prices
- Reddit NYSE: RDDT stock can rocket higher, and the rubberband strategy is one way to capture the gains. The rubberband strategy uses moving averages to target deeply oversold stocks that are ready to rebound, and if there are other factors in play, the rebound could be significant.
- 06/25/2024
|
Reddit Stock's Risky Bet: Will Flooding Comments With Ads Save or Sink RDDT?
- Social media site Reddit (NASDAQ: RDDT ) has one glaring problem that holds it back from getting ahead. Most of its users don't log into the platform but simply skim the comments.
- 06/25/2024
|
Reddit Inc. (RDDT) Sees a More Significant Dip Than Broader Market: Some Facts to Know
- In the closing of the recent trading day, Reddit Inc. (RDDT) stood at $56.48, denoting a -1.43% change from the preceding trading day.
- 06/24/2024
|
Reddit: Poised for Growth with Data Licensing and OpenAI Deal
- Social media forum Reddit Inc. NYSE: RDDT made headlines during the 2021 meme stock frenzy as its popular wallstreetbets forum led small investors into shares of GameStop Co. NYSE: GME, fueling its historic short squeeze. The company went public through an IPO on March 21, 2024, rising to a $74.90 peak the following day and falling to a low of $37.35 just a few days later.
- 06/24/2024
|
Maximize Gains: Sell These 7 Overvalued Stocks Before They Slide
- While it's unclear whether the current bull market has more runway, or is veering towards a correction, you may want to take action now and jettison overvalued stocks to sell from your portfolio. In fact, irrespective of whether the broad market surges, sinks or trades sideways from here over the next few months, individual overvalued stocks can still be at risk of experiencing severe price declines.
- 06/24/2024
|
3 Top Tech Stocks That Could Make You a Millionaire
- Reddit is carving out a high-growth niche in the saturated social media market. Fiverr's growth will accelerate as the gig economy market stabilizes.
- 06/24/2024
|
3 Tech Stocks to Sell in June Before They Crash & Burn
- The technology sector is driving the stock market higher in 2024. Stocks like Nvidia (NASDAQ: NVDA ) and Microstrategy (NASDAQ: MSTR ) are helping the sector to outpace the gains of the market as a whole by better than two-to-one.
- 06/23/2024
|
The Return of Meme Stock Madness: Should You Steer Clear of GME, AMC and RDDT?
- Meme stock madness has returned to Wall Street after a three-year hiatus, with Roaring Kitty (a.k.a. Keith Gill) drawing in massive crowds online with his big bets on GameStop (NYSE: GME ) stock.
- 06/21/2024
|
Here's why Reddit has more room to grow: Analyst
- Shares of Reddit (RDDT) are up almost 25% since its IPO debut in March. Needham & Company senior entertainment and internet analyst Laura Martin raised her price target for the company from $63 to $75, citing its new AI deal and more.
- 06/20/2024
|
Bubble Trouble: 3 Stocks Ready to Burst Under the Weight of Their Own Hype
- An unfortunate aspect of the stock market is that certain companies can rapidly gain value as a result of bullish echo chambers. This can lead to a level of hype that sometimes obscures the real value or financial situation of a company.
- 06/18/2024
|
Reddit Inc. (RDDT) Stock Declines While Market Improves: Some Information for Investors
- In the latest trading session, Reddit Inc. (RDDT) closed at $60.35, marking a -0.97% move from the previous day.
- 06/17/2024
|
As Small Caps Lag 20% Behind S&P 500, Reddit User Says Market Cap Definitions 'Should Really Be Readjusted For Inflation'
- In a recent discussion on Reddit, users are debating the necessity of adjusting market cap definitions to account for inflation.
- 06/17/2024
|
Meta, Reddit, Snap Others in Focus as Surgeon General Calls for Social Media Warnings
- The U.S. Surgeon General, Dr. Vivek Murthy, is set to push for a warning label on social-media platforms advising parents that using the platforms might damage adolescents' mental health.
- 06/17/2024
|
Reddit: Traffic Surge Justifies This Rally
- Reddit has achieved a sharp acceleration in both revenue growth, DAUs, and traffic. The company has achieved this through both speed improvements on its platform, plus translations into international languages. The company is also massively improving its adjusted EBITDA margins.
- 06/16/2024
|
Reddit: OpenAI Partnership Will Spearhead Revenue Growth
- Reddit reported strong Q1 FY24 earnings with revenue growing 48% YoY, led by advertising revenue and data licensing agreements. The company saw 37% growth YoY in Daily Active Uniques as it continued to drive robust product innovation to improve search and moderation capabilities, thus deepening user engagement. The partnership with OpenAI will not only accelerate data licensing revenue, but may also drive higher ad spend from improved user engagement.
- 06/16/2024
|
Roaring Kitty nearly doubles GameStop holdings to 9 million shares, Reddit post shows
- Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week.
- 06/13/2024
|
Integral Ad Science (IAS) Announces Deal with Pinterest (PINS) & Reddit (RDDT)
- Integral Ad Science (IAS) is a digital advertising verification company. George Tsilis discusses IAS as it announced new deals with Pinterest (PINS) and Reddit (RDDT).
- 06/13/2024
|
RDDT Stock: What to Watch as Reddit Nabs New AI Advertising Deal
- Reddit (NYSE: RDDT ) stock is in the red today despite a promising new deal for advertisers on the popular web forum. Indeed, Reddit has partnered with Integral Ad Science (NASDAQ: IAS ), a global media and optimization company, to give advertisers on the platform increased ability to grow their campaigns via IAS's artificial intelligence (AI) powered Total Media Quality (TMQ) product line.
- 06/13/2024
|
RDDT Investor Alert: Wait for Better Results Before Buying Reddit Stock
- You probably know Reddit (NYSE: RDDT ) as a social-media platform. Furthermore, in the wake of a recently established partnership, Reddit has a notable artificial intelligence angle.
- 06/13/2024
|
IAS PARTNERS WITH REDDIT TO PROVIDE AI-DRIVEN MEASUREMENT TO ADVERTISERS
- Total Media Quality for Reddit Empowers Global Advertisers with Industry-Leading Brand Safety and Suitability, Viewability, and Invalid Traffic Measurement NEW YORK , June 13, 2024 /PRNewswire/ -- Integral Ad Science (Nasdaq: IAS), a leading global media measurement and optimization platform, today announced a partnership with Reddit (NYSE: RDDT), a community platform powered by authenticity and human ideas, to provide advertisers with the confidence to scale their campaigns across Reddit through IAS's AI-driven Total Media Quality (TMQ) product suite. The partnership will give advertisers an additional layer of trusted, third-party transparency in their investment on Reddit as they reach and engage with the platform's 100,000+ interest-based, intent-driven communities.
- 06/13/2024
|
Roaring Kitty, On Reddit, Posts GameStop Position Update Saying "GME YOLO update – June 10 2024", Total Value $235.459M
|
7 Over-Hyped Stocks to Sell Before They Plunge: June Edition
- Admittedly, bailing on over-hyped stocks to sell can seem like a regretful move in the near-term. Flying in the face of the Wall Street adage “let your winners run,” it's common to feel regretful when you sell said hot stocks, only to see them get even hotter and head higher.
- 06/10/2024
|
Three-Stock Lunch: 3M, Lyft & Reddit
- Chris Grisanti, MAI Capital Management chief equity strategist, joins 'Power Lunch' to discuss stock plays for three companies, including 3M, Lyft, and Reddit.
- 06/07/2024
|
Growth Drivers to Watch for Reddit (RDDT)
- Reddit (RDDT) began trading on March 21st. LikeFolio's Megan Brantley discusses the outlook for Reddit.
- 06/07/2024
|
Look Out, Bears! Why Short Selling May Soon Disappear.
- The environment for short sellers on Wall Street has grown tougher, leading many prominent figures to scale back or exit. Jim Chanos, famous for predicting Enron's collapse, converted his hedge fund into a family office last year.
- 06/07/2024
|
3 Recent IPOs to Buy Now: Reddit, ARM, IBIT Bitcoin ETF
- The IPO market is displaying signs of a resurgence. Arm Holdings, Reddit, and IBIT are stocks to watch.
- 06/06/2024
|
Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
- Wood added to her positions in Reddit, Intellia Therapeutics, and PagerDuty on Wednesday. Wood's Ark Invest was a buyer of Reddit the day it went public in March.
- 06/06/2024
|
Why Analysts Are Betting Big on Reddit Stock's Future Growth
- Amid social media upheavals, Reddit (NTSE: RDDT ) continues to thrive as a platform. RDDT stock faced backlash over IPO expenses and developer pricing changes after going public in March.
- 06/06/2024
|
GameStop Surges as Gill's Reddit Return Shows Huge Bet
- GameStop shares surged after the Reddit account that drove the meme-stock mania of 2021 posted what appeared to be a $116 million position in the video-game retailer. Bloomberg's Bailey Lipschultz joins Caroline Hyde on "Bloomberg Technology.
- 06/03/2024
|
GameStop stock skyrockets on Reddit post tied to Keith Gill
- Shares of GameStop (GME) are surging after meme trade influencer 'Roaring Kitty' posted a screenshot on social media showing a $175 million position in the company's stock. Matt Kohrs, host of The Matt Kohrs Show, joins Wealth!
- 06/03/2024
|
GameStop: Reddit account linked to Keith Gill reveals $175 million position in stock
- Shares of GameStop (GME) are soaring Monday, fueled by a post from the influential meme trade figure known as "Roaring Kitty." The investor took to social media platform Reddit (RDDT) to share a screenshot purportedly revealing his $175 million position in the company's stock — shares and options included.
- 06/03/2024
|
GameStop and AMC fly after Roaring Kitty trades shared on Reddit
- Shares in GameStop Corp (NYSE:GME) soared 71% in premarket trading after noted 'meme stock' trader Keith Gill posted a screenshot of his latest trades. Gill, the former professional trader who goes by the moniker of Roaring Kitty, issued the first post from his 'DeepF Value' Reddit (NYSE:RDDT) account in a while.
- 06/03/2024
|
GameStop and AMC fly after Roaring Kitty shares trades on Reddit
- Shares in GameStop Corp (NYSE:GME) soared 65% in premarket trading after noted 'meme stock' trader Keith Gill posted a screenshot of his latest trades. Gill, the former professional trader who goes by the moniker of Roaring Kitty, issued the first post from his Reddit (NYSE:RDDT) account in a while.
- 06/03/2024
|
My Top Tech IPO to Buy in June
- Most newly public stocks have underperformed three years after their debuts. Reddit stock is up since its initial public offering in March.
- 05/31/2024
|
Like, Share, Profit- 3 Social Media Stocks to ‘Follow' for Viral Returns
- Social media has become a huge part of our lives and the increasing amount of time we spend on it is proof that it is indispensable to us. Social media giants make a huge amount of money from advertising on their platforms, and marketers are now ready to expand their budgets and attract new customers.
- 05/31/2024
|
3 Sam Altman Stocks to Buy Now: May 2024
- Sam Altman, the CEO of OpenAI, is perhaps one of the greatest visionaries of the artificial intelligence (gen AI) age. He's also an investor in several innovative tech firms that could reshape the world of tomorrow.
- 05/28/2024
|
Reddit Stock Alert: The Social Media IPO That's Defying the Odds
- Reddit (NYSE: RDDT ) has come out of the gate strong since its initial public offering in March of this year, and Reddit stock still is a serious buy. The online message board and discussion forum company that's home to the notorious WallStreetBets subreddit, has seen its share price rise 20% since its first day of trading on March 21.
- 05/28/2024
|
Q1 Superstars: 3 Stocks to Buy After Stellar Earnings
- We're approaching the end of first quarter earnings season with 92% of companies listed in the benchmark S&P 500 index reporting results. By and large, it has been a strong period.
- 05/27/2024
|
3 Social Media Stocks to Buy Now: May 2024
- Social media continues to be a force in society and in the business world. The latest industry statistics show that there are 5.17 billion social media users worldwide today.
- 05/27/2024
|
1 Number I Love for IPO Stock Reddit and 1 Reason It Can Get Even Better
- Reddit didn't dramatically boost its growth spending to elevate its numbers just before going public. The company's expenses are rising more slowly than revenue, which is rare for a company of this profile at this stage.
- 05/26/2024
|
Reddit Stock Analysis: Is RDDT the Real Deal or a Meme Fantasy?
- Two months in, Reddit (NYSE: RDDT ) stock is considered a successful initial public offering. The stock opened at $47 per share and closed at around $50 per share, marking the first IPO of a social media site since Pinterest debuted five years ago.
- 05/26/2024
|
7 Tech Stocks That Could Be Millionaire-Makers: May Edition
- If you're wondering which tech stocks to buy this month, look no further. Technology stocks continue to offer investors big growth opportunities.
- 05/23/2024
|
‘So far, so great' for newly public Reddit, says moderator-turned-investor
- Just over 60 days since Reddit Inc.'s initial public offering, one of the social-media platform's moderators-turned-investors says she is “really pleased” with how things are going.
- 05/22/2024
|
Reddit's OpenAI Partnership Brings a Fresh New Upside
- After reporting its first-ever set of financials after the company's initial public offering (IPO), shares of Reddit Inc. NYSE: RDDT are now trading above their 52-week high. Most of the bullish price action came right after the first quarter of 2024 earnings announcement.
- 05/22/2024
|
Will Reddit Be a Trillion-Dollar Stock by 2050?
- Reddit continues to gain new users at an impressive rate. However, fewer than half of those users are logged in to its site.
- 05/22/2024
|
Reddit: OpenAI Deal Is Big
- Reddit and OpenAI's collaboration aims to enhance user experience by integrating Reddit's conversation repository with OpenAI's AI capabilities. The partnership has boosted investor confidence and is expected to offer new revenue streams for RDDT through AI-powered features and advertising opportunities. The collaboration aligns with the trend of media companies monetizing their content through AI partnerships, highlighting the potential for growth in the AI content monetization market.
- 05/22/2024
|
Reddit Is Still Way Overpriced
- Reddit's stock surged over 10% on news that it has cut a deal with OpenAI. The details regarding how the arrangement would help Reddit's revenue were thin, so the jump in shares that were already overvalued did not make sense.
- 05/18/2024
|
The Score: GameStop, Walmart, Reddit and More Stocks That Defined the Week
- Here are some of the major companies whose stocks moved on the week's news.
- 05/17/2024
|
Plexo's Lo Toney weighs in on Reddit's partnership with OpenAI
- Lo Toney, Plexo Capital managing partner, joins 'Closing Bell' to discuss Reddit partnering with OpenAi for its search and app.
- 05/17/2024
|
Tiger Global Is Betting on RDDT Stock After the Reddit IPO
- Reddit (NYSE: RDDT ) stock is in the spotlight after Chase Coleman's Tiger Global revealed a stake in the online community forum through its first-quarter 13F. Institutional investors are required to submit a 13F filing 45 days after the end of each quarter.
- 05/17/2024
|
Reddit OpenAI deal highlights demand for the social-media platform's data
- Reddit Inc.'s deal with OpenAI likely reflects the scale of demand for the social media platform's data, according to Deutsche Bank.
- 05/17/2024
|
Reddit Forges Pact With OpenAI on Content for ChatGPT
- Reddit forged a partnership with OpenAI that will bring its content to the chatbot ChatGPT and other products, while also helping the social media company add new artificial intelligence features to its forums. Bloomberg's Shirin Ghaffary joins Ed Ludlow and Caroline Hyde on "Bloomberg Technology.
- 05/17/2024
|
Why Reddit Stock Soared Today
- Reddit is partnering with OpenAI just a few months after expanding its partnership with Google. The company is seeing user growth thanks to Google and could see growth from partnering with OpenAI.
- 05/17/2024
|
Is the meme-stock frenzy over already? Possibly, say experts.
- It was the week the meme-stock frenzy from 2021 returned with a vengeance — and it may all be over already.
- 05/17/2024
|
Reddit (RDDT) Partners with OpenAI
- Reddit (RDDT) signed a data licensing deal with OpenAI. Diane King Hall discusses this as OpenAI's ChatGPT will gain access to Reddit data and OpenAI will become a Reddit partner.
- 05/17/2024
|
Dow Jones Today: Stocks Inch Higher; GameStop, Reddit in Focus
- U.S. stocks held steady near record highs on Friday as shares of GameStop tumbled, capping off a rollercoaster week for it and other meme stocks.
- 05/17/2024
|
Does Reddit's (RDDT) OpenAI Partnership Make It Worth Buying?
- Reddit (RDDT) is set to benefit from an expanding partner base with the latest addition of Microsoft-backed OpenAI.
- 05/17/2024
|
Reddit Stock Soars on OpenAI Deal
- Reddit Inc (NYSE:RDDT) stock is soaring today, up 16.9% at $65.90 at last glance.
- 05/17/2024
|
RDDT Stock Alert: Reddit Pops on Major OpenAI Deal
- Reddit (NASDAQ: RDDT ) stock rose 11% overnight after the discussion site licensed its content to OpenAI for training large language models. Under the deal, OpenAI will become a Reddit advertiser, and users will gain access to artificial intelligence (AI) features.
- 05/17/2024
|
Reddit shares surge on OpenAI ChatGPT deal, on pace for biggest gain since March
- Shares of Reddit Inc. soared 15.3% Friday, lifted by the company's deal with OpenAI, putting the stock on pace for its biggest gain since March 25, 2024, when it rose 30% Dow Jones Market Data show.
- 05/17/2024
|
Nvidia and Reddit Stock Investors Just Got Spectacular Artificial Intelligence (AI) Updates
- Reddit is partnering up with OpenAI.
- 05/17/2024
|
Reddit stock price sees fresh high after content deal with ChatGPT maker OpenAI
- Shares of Reddit were on the rise in premarket trading Friday after the social media company announced a content deal with OpenAI, the Microsoft-backed artificial intelligence company behind ChatGPT and other popular AI tools.
- 05/17/2024
|
Reddit surges on OpenAI deal
- CNBC's 'Squawk Box' team discusses Reddit as the social media company's stock surged after announcing a deal with OpenAI.
- 05/17/2024
|
IPO Icons: 3 Freshman Stocks Earning Wall Street's Adoration
- This year could prove to be a turning point for the Initial Public Offering (IPO) markets, which have struggled over the past two years. Amid high interest rates and geopolitical tensions, there's a growing sense of optimism, making it an opportune time to scout for IPO stocks to buy.
- 05/17/2024
|
Reddit stock jumps after OpenAI partnership
- Shares of Reddit rose 14% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to draw in more users for the social media platform with AI-enhanced experience and attract more advertising revenue.
- 05/17/2024
|
Reddit, OpenAI Forge Pact to Bring Content to ChatGPT
- Reddit announced a partnership with OpenAI to bring its content to the chatbot ChatGPT and other products. Tom Mackenzie reports on Bloomberg Television.
- 05/17/2024
|
Reddit Stock Stock Soars. Playing Nice with AI Companies Is Paying Off.
- The social-media company's agreement to license its content with Microsoft-backed OpenAI comes after Reddit reached a similar arrangement with Alphabet's Google, reported to be worth $60 million a year.
- 05/17/2024
|
Short squeeze alert for Reddit stock
- Since its IPO nearly two months ago, Reddit (NYSE: RDDT) has been a rollercoaster ride for investors.
- 05/17/2024
|
Reddit gives OpenAI access to its wealth of posts
- OpenAI will have access to Reddit data for training its artificial intelligence models and will put its technology to work on the popular discussion platform, the companies said Thursday.
- 05/17/2024
|
Reddit shares jump on OpenAI ChatGPT deal
- Reddit (NYSE:RDDT) shares jumped as much as 14% in late-night trading after it announced a new partnership with ChatGPT creator OpenAI. Content from the Reddit (NYSE:RDDT) platform is expected to be taken in by OpenAI's ChatGPT system and other products, meanwhile, OpenAI will also become a Reddit advertising partner.
- 05/17/2024
|
Why is the Reddit Inc stock price (RDDT) up 12% today?
- Reddit Inc (RDDT), arguably the original meme stock, has done a roaring trade in the past few hours. After debuting on the New York Stock Exchange stock exchange as recently as March 21st, the Reddit stock price has climbed an impressive amount in overnight trading.
- 05/17/2024
|
Reddit Stock Soars After Company Inks Partnership With ChatGPT Owner OpenAI
- Reddit (RDDT) shares soared nearly 12% in extended-hours trading Thursday after the company announced a partnership with OpenAI that allows the ChatGPT owner to train its artificial intelligence (AI) models using the news aggregation social network's content.
- 05/16/2024
|
Reddit: Looking Past The Noise
- Reddit Inc.'s stock has experienced volatility since its IPO due to various events, such as a Q1 revenue beat and a resurgence in meme stock trading. We think potential irrational trading must be considered. Nevertheless, Reddit's fundamentals mustn't be neglected. Despite its user growth, Reddit's pathway to accounting profitability remains uncertain.
- 05/16/2024
|
Why The Meme Stock Craze Is Bad News For Dividend Stocks
- Meme stocks like AMC and GameStop are surging again, driven by retail investors and the return of "Roaring Kitty" on Reddit. However, this is likely bad news for dividend stocks.
- 05/15/2024
|
3 Unbeatable Stocks to Ride the AI Wave Long-Term
- Even as the heat around artificial intelligence cools slightly, it's clear that advanced computing and AI-centric solutions will continue to propel innovation and market growth for years to come. However, while prominent AI stocks to buy like Nvidia (NASDAQ: NVDA ) capture most of the media and market spotlight, several overlooked AI stocks are methodically laying the groundwork for significant future expansion.
- 05/15/2024
|
Reddit shares close near record after two-day rally driven by meme stocks
- Reddit shares popped Tuesday after retail traders kicked off a meme stock buying frenzy
- 05/14/2024
|
This meme stock rally doesn't repeat, it rhymes
- This time is different. Rates are lower. Sentiment is lower. Short positions are smaller. Meme ETFs have closed shop. Crypto is… not dead, but not what it was in the heady days of 2021.
- 05/14/2024
|
5 Meme Stocks With a High Short Interest
- No, it's not 2021. But waking up today, you might have been forgiven for thinking so.
- 05/14/2024
|
Infamous User Roaring Kitty Sends Reddit (RDDT) Stock Surging
- Social media firm Reddit (NYSE: RDDT ) — which specializes in facilitating digital communities that cover a wide variety of topics — is seeing shares soar on Monday. Earlier today, speculation about the resurgence of meme stock trading boosted sentiment.
- 05/13/2024
|
Meme Mania is Back: Buy these 3 Stocks
- Monday's market action tells us that meme stocks are back in play. However, because not all meme stocks are created equally, investors should focus on those with fundamental catalysts.
- 05/13/2024
|
Reddit's share price has held since it went public, but the firm's unique structure could be its undoing
- Reddit, the social networking platform that recently floated on the stock market, saw its shares surge 15% on the back of its first-quarter financial results on May 8.
- 05/13/2024
|
GameStop mentions surge on Reddit, surpassing Nvidia
- GameStop was mentioned in posts on the WallStreetBets Reddit forum more than 900 times over the last seven days, with more than 600 coming on Monday alone.
- 05/13/2024
|
Reddit Stock Surged on News of Its Artificial Intelligence Bet, but Does That Make It a Worthwhile AI Buy?
- Reddit applies AI in a way that increases productivity without compromising the human element. The U.S. accounts for most of its revenue and its fastest revenue growth.
- 05/13/2024
|
3 New Stocks That Could Soon Join the Trillion-Dollar Club
- New stocks have IPOs that experience huge price swings in their first months as the market determines their true worth. This volatility presents both risks and rewards for investors.
- 05/12/2024
|
3 Media Stocks to Buy While AMC Continues Falling
- It's no secret AMC (NYSE: AMC ) stock is not doing well right now. It's down 47% year-to-date (YTD) and 93% in the last 12 months.
- 05/12/2024
|
Countdown to Destruction: Brutal Days Are Coming for Reddit Stock
- What's more important — thrills, or actual profits? This is a gut-check question that you need to answer if you're thinking about investing in Reddit (NYSE: RDDT ).
- 05/10/2024
|
Reddit Unveils New Policy to Protect More User Data
- Reddit Inc. has released new policies governing data posted on its social network, including a ban on sending advertisements to users without consent. Co-founder and CEO Steve Huffman explains at the Bloomberg Tech in San Francisco.
- 05/09/2024
|
Reddit CEO on first earnings report: A lot of things are 'starting to click'
- Reddit (RDDT) beat first-quarter estimates on the top and bottom line in the social media platform's first earnings report since going public in March. Reddit CEO Steve Huffman joins Yahoo Finance Executive Editor Brian Sozzi to talk the website's earnings figures, its CapEx (capital expenditure) spending, and Reddit's plans to revamp its user interface "The thing about Reddit is its communities, and those communities represent every interest and hobby and passion imaginable.
- 05/09/2024
|
Reddit to Participate in Upcoming Investor Conferences
- SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), announced its planned participation in two upcoming conferences. Jen Wong, Reddit's COO, will participate in Needham's 19th Annual Needham Technology, Media, and Consumer Conference on Wednesday, May 15, 2024 at 8:45 a.m. Eastern Time Steve Huffman, Reddit's Co-Founder & CEO, will participate in J.P. Morgan's 52nd Annual Global Technology, Media, and Communications Conference on Monday, May 20, 2024 at 8:40 a.m. Eastern Time Live we.
- 05/09/2024
|
3 Reasons Cathie Wood Is Buying Reddit Stock Now
- Reddit posted better-than-expected results for its fiscal first quarter. It was a hot debutante two months ago, but with the stock back to where it was at the end of its first trading day, you can pick up a better Reddit now.
- 05/09/2024
|
Tech Stocks on the Move Today: Uber Technologies, Reddit, and More
- The S&P 500 Information Technology Sector Index wavered between gains and losses in intraday trading Wednesday, up just 0.1% as of 2 p.m. ET. The broader S&P 500 was 0.1% lower and the tech-heavy Nasdaq was down 0.3%.
- 05/08/2024
|
Reddit's strong Q1 execution hard to duplicate with upside already price in, analysts believe
- Reddit (NYSE:RDDT) posted a strong first quarter earnings report post-listing but a lot of the upside for the stock has already been priced in, analysts at the Bank of America believe. Q1 revenue of $243 million topped estimates of $212 million, with ad revenue up 39% to $222.7 million, above the expected $199 million.
- 05/08/2024
|
Reddit has a platter of monetization opportunities, analyst says
- Reddit (RDDT) posted its first quarter results since its IPO, revealing a 39% surge year-over-year in advertising revenue. In addition, Reddit's second quarter revenue guidance surpassed analysts' estimates, signaling continued momentum for the company.
- 05/08/2024
|
Reddit (RDDT) Rallies After First Earnings Since IPO
- Reddit (RDDT) rallies after its first earnings report since its IPO. Caroline Woods discusses this as Reddit's 1Q adjusted EPS came in at -$8.19 versus an estimated -$8.71 and revenue came in at $242.96M versus an estimated $212.83M.
- 05/08/2024
|
Reddit CEO Huffman on User Strategy, AI and Expansion
- Reddit CEO Steve Huffman discusses the social media company's user-to-user strategy, AI opportunities and expansion plans on "Bloomberg Technology." Reddit's revenue increased 48% to $243 million in the period ended March 31.
- 05/08/2024
|
Reddit Got a Google Boost. More AI Deals Could Lift the Stock.
- The platform saw a big rise in traffic from the Google search engine in the March quarter.
- 05/08/2024
|
Reddit (RDDT) Q1 Earnings Beat Estimates, Revenues Up Y/Y
- Reddit's (RDDT) first-quarter 2024 results benefit from strong daily active user growth and higher ARPU.
- 05/08/2024
|
Reddit Impresses in First-Ever Quarterly Report
- Reddit Inc's (NYSE:RDDT) first earnings report came in even stronger than Wall Street expected, with first-quarter revenue handily beating estimates.
- 05/08/2024
|
Reddit's first post-IPO results are ‘mission accomplished,' with international and data-licensing opportunities ahead
- Reddit Inc.'s first quarterly results as a public company sent the company's stock surging on better-than-expected revenue and a narrower-than-expected loss. Analysts say there are international and new data-licensing opportunities ahead for the social-media platform.
- 05/08/2024
|
Needham Just Raised Its Price Target on Reddit (RDDT) Stock
- Shares in social media site Reddit (NASDAQ: RDDT ) stock rose 10% overnight after it reported its first results as a public company. For the quarter ending in March, Reddit lost $575 million, $8.19 per share, on revenues of $243 million.
- 05/08/2024
|
Reddit stock up 10% on Q1 earnings: is it too late to buy?
- Reddit Inc (NYSE: RDDT) is already up close to 40% versus its year-to-date low but analysts at Citi are convinced that it's not out of juice just yet.
- 05/08/2024
|
Nasdaq and S&P 500 to open lower, Uber tumbles on suprise loss, Reddit rallies on optimistic outlook
- US stocks to open lower Uber tumbles on surprise loss Reddit (NYSE:RDDT) optimism sends shares higher 8.36am: Wall Street set to open lower US stocks are poised to open lower today, looking to break the long winning streak which started in December last year. All three indexes are looking to open down, with Nasdaq futures implying a drop of 85 points, the Dow Jones looking at a 46-point fall and an 18-point slip for the S&P 500.
- 05/08/2024
|
Reddit, Inc. (RDDT) Q1 2024 Earnings Call Transcript
- Reddit, Inc. (NYSE:RDDT ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Jesse Rose - Head of Investor Relations Steve Huffman - Co-Founder & Chief Executive Officer Jen Wong - Chief Operating Officer Drew Vollero - Chief Financial Officer Conference Call Participants Ron Josey - Citi Doug Anmuth - JPMorgan Brian Nowak - Morgan Stanley Justin Post - Bank of America Eric Sheridan - Goldman Sachs Benjamin Black - Deutsche Bank Tom Champion - Piper Sandler Richard Greenfield - LightShed Partners Mark Shmulik - Bernstein Andrew Boone - JMP Securities Operator Good afternoon. My name is Julian, and I will be your conference operator today.
- 05/08/2024
|
Reddit stock surges, analyst says Q1 earnings are 'very impressive'
- Reddit (RDDT) released its first quarter earnings report following its March IPO, revealing that revenue increased 48% to $243 million. The company also issued second quarter guidance that topped analysts' estimates.
- 05/07/2024
|
Our users are finding their home on Reddit, says Reddit CEO Steve Huffman
- Reddit Co-Founder and CEO Steve Huffman joins 'Mad Money' host Jim Cramer to talk its first quarter results after going public, user trends on the platform, what's ahead for the website and more.
- 05/07/2024
|
4 Key Takeaways From Reddit's First Earnings Call After Going Public
- After Reddit (RDDT) reported record-high user traffic and rising revenue in its first quarterly earnings report since its initial public offering (IPO) in March, executives joined the social media company's earnings call to discuss user traffic, the data licensing business, opportunities driven by artificial intelligence (AI), and international growth potential.
- 05/07/2024
|
Reddit CEO talks advertising, says consumers and companies are attracted to the platform
- Reddit CEO Steve Huffman discussed his company's first earnings report since its IPO with CNBC's Jim Cramer.
- 05/07/2024
|
Big Afternoon for Earnings: RDDT, WYNN, LYFT & More
- Reddit's first earnings release was a success, while Rivian and EA see losses in late trading.
- 05/07/2024
|
Reddit shares soar nearly 20% on first earnings report, boosting hopes of becoming the next Facebook stock
- Reddit revealed its first quarter earnings today, its first earnings report since the company went public on March 21. Overall, the results were good for the company, surpassing analysts' expectations for its first post-IPO report.
- 05/07/2024
|
Reddit stock soars on Q2 forecast
- Shares of Reddit (RDDT) jumped in after-hours trading. The social media company reported first quarter revenue of $243 million versus estimates of $211.9 million.
- 05/07/2024
|
Reddit Stock Soars After Reporting Record User Traffic in First Earnings Report Since IPO
- Reddit (RDDT) shares soared over 13% in extended trading Tuesday after the social media company reported record user traffic and rising revenue in its first quarterly earnings report since its initial public offering (IPO) in March.
- 05/07/2024
|
Reddit shares soar after company reports strong first-ever earnings with record user traffic
- Reddit beat expectations for its first financial quarter as a publicly traded company. Strong revenue growth and record user traffic sent the stock price up 16% in after-hours trading.
- 05/07/2024
|
Reddit's first quarterly earnings since going public: revenue and users increase
- Social networking company reported $575m in losses, but strong revenue and an increase in users buoyed investor confidence
- 05/07/2024
|
Reddit shines in first quarterly earnings report as public company
- Reddit (NYSE:RDDT) shares surged more than 17% afterhours as its first quarterly earnings report as a public company impressed investors. The social media platform posted a 48% year-over-year increase in revenue to $234 million, nearly doubling its growth rate from the previous quarter and ahead of Wall Street estimates of $212 million.
- 05/07/2024
|
Reddit shares soar on Q1 revenue beat and narrower-than-expected loss
- Reddit Inc. reported its first results as a public company Tuesday, with the social-media platform reporting better-than-expected first-quarter revenue and a narrower-than expected loss.
- 05/07/2024
|
Earnings Exchange: Uber, Reddit, and Choice Hotels
- Jeff Kilburg, founder and CEO of KKM Financial, joins CNBC's 'The Exchange' to share outlooks on recent IPO stocks.
- 05/07/2024
|
Should You Buy Reddit (RDDT) Stock Today Before Earnings?
- Following a much-anticipated initial public offering (IPO), social media firm Reddit (NYSE: RDDT ) faces another big test: Its first earnings report as a publicly traded enterprise. The company will disclose its financial performance later today following the closing bell.
- 05/07/2024
|
Reddit set to report its first results as a public company. Analysts are eyeing its upside.
- Reddit Inc. reports its first results since its initial public offering this week, with analysts eyeing revenue upside from the social-media platform.
- 05/06/2024
|
Reddit's Price Target Raised by BofA Ahead of Earnings Report Tuesday
- Reddit (RDDT) shares edged higher Monday as Bank of America (BAC) analysts raised their price target on the stock, anticipating “opportunity for upside” when the social media company reports first-quarter earnings Tuesday, its first earnings report since its initial public offering (IPO).
- 05/06/2024
|
Reddit could deliver Q1 earnings beat on positive industry and user trends
- Reddit (NYSE:RDDT) will hand down its first financial report as a public company on Tuesday, May 7, with analysts expecting the social media's topline growth to be fuelled by its expanding user base. Wedbush analysts see Reddit (NYSE:RDDT) posting revenue of $212 million, in line with the Street consensus.
- 05/06/2024
|
What You Need To Know Ahead of Reddit's First Earnings Report Since Its IPO
- Reddit (RDDT) is set to announce on Tuesday its first quarterly earnings since the social media company made its trading debut on the New York Stock Exchange (NYSE) in March.
- 05/03/2024
|
Reddit CEO beneficially owns 61.5% of class A shares, regulatory filing shows
- Reddit co-founder and CEO Steve Huffman beneficially owns 62.4 million Class A shares of the social media company, a regulatory filing showed on Friday.
- 05/03/2024
|
The Case For Reddit Stock Investors Should Consider
- After its recent initial public offering (IPO), shares of Reddit Inc. NYSE: RDDT have become a focal point for investors looking to find the next big social media platform. The stock has delivered a relatively flat performance since its IPO in March 2024, but that could mean good news for investors.
- 05/03/2024
|
3 Stocks to Buy to Invest Like Sam Altman
- Artificial Intelligence (AI) visionary Sam Altman has dominated the tech world over the past couple of years. He shot to fame following OpenAI's release of its groundbreaking large language model, ChatGPT, in late 2022.
- 04/29/2024
|
Reddit warns of legal action for AI firms lifting data without permission
- Freshly listed social media platform Reddit (NYSE:RDDT) warned technology companies that they will face legal action if found extracting data from the website without official permission. The warning from Reddit's chief operating officer Jen Wong was reported by The Times over the weekend.
- 04/29/2024
|
Reddit: Buy The Post-IPO Dip
- After going public at $34 per share and shooting up above $60, Reddit has settled in the mid-$40s, creating a buying opportunity. Reddit emphasizes its focus on communities and common interests, distinguishing itself from other social media platforms. Reddit's growing user base, particularly in the U.S., provides a strong opportunity for growth and monetization.
- 04/28/2024
|
Is IPO Stock Reddit a Buy Now?
- Reddit experienced double-digit year-over-year growth in users and revenue in 2023. Despite strong sales growth, Reddit is not profitable.
- 04/28/2024
|
Reddit: Julian Lin's Top Conviction Idea
- Reddit is viewed as a meme stock but is a top conviction idea for Julian Lin due to its potential for accelerated growth and re-rating. Why Meta and Reddit are not a valid comparison.
- 04/25/2024
|
Former Reddit CEO Ellen Pao says the tech sector's DEI push is alive and well
- The Value Gap is a MarketWatch interview series about confronting inequality that features business leaders, academics, policy makers and activists.
- 04/25/2024
|
Betting on Reddit Stock: Should You Join the Bulls or Heed the Bears' Warning?
- Reddit (NYSE: RDDT ) has been quite popular since its launch two decades ago. Indeed, 2023 was a mixed-bag of expectations for Reddit stock, especially when investors saw an $804 million revenue which was accompanied by a $91 million loss.
- 04/25/2024
|
Buy Reddit As It Retreats From IPO Hype
- Reddit experienced classic IPO volatility in its debut month as a public security, running all the way to $74 before retreating to its current ~$40/share range. Both Seeking Alpha and Wall Street are divided on the stock, with equal Buy and Sell ratings. Although not a cheap stock, RDDT offers a lot too: a unique platform with a wide moat, positive user metrics, and a nascent ad machine with room to grow.
- 04/23/2024
|
Reddit Stock Has 22% Upside, According to 1 Wall Street Analyst
- Deutsche Bank just initiated coverage on Reddit with a buy rating. The analyst believes Reddit is at the early stages of a number of inflection points.
- 04/18/2024
|
The 3 Most Volatile Stocks for Short-Term Traders: April 2024
- Volatile stocks are short-term traders' bread and butter. Making money both ways – whether the stock goes up or down – means that finding the most volatile stocks is the shortest path to fast cash opportunities for day traders and swing traders alike.
- 04/17/2024
|
Now That the IPO Dust Has Settled, Is It the Right Time to Buy Reddit Stock?
- Reddit stock (NYSE: RDDT ) debuted in late-March, and received quite the welcome from early investors. The stock surged to a high of nearly $75 per share just days after its IPO, but has since come back down to earth.
- 04/17/2024
|
Reddit seen delivering 'superior growth' amid volatility concerns
- Analysts at the Bank of America have initiated coverage on the social media platform Reddit with a ‘Neutral' rating and a $46 price target. The analysts wrote in a note to clients that they see big opportunities for the company, which went public on the New York Stock Exchange on March 21, but that they expect volatility to continue.
- 04/16/2024
|
Skip It! Reddit Stock Will Give You a Bad Case of ‘IPO Hangover.'
- Many stock traders want to catch the next hot initial public offering (IPO) in hopes of a multi-bagger. If they get lucky, they'll find the next Meta Platforms (NASDAQ: META ).
- 04/16/2024
|
Reddit is bucking this big tech trend. Analysts view it as a positive.
- One aspect of Reddit Inc.'s closely watched initial public offering that has grabbed attention since its debut last month is the social-media platform's capital expenditure spending, or lack of it.
- 04/15/2024
|
Reddit Stock Has 30% Upside, According to 1 Wall Street Analyst
- Loop Capital gave Reddit shares a $55 price target on Monday. A growth rate that's quicker than its peers and the company's asset-light business model were behind the investment bank's optimism.
- 04/15/2024
|
Reddit Is Down Since It Started Trading. What Wall Street Thinks.
- The social media platform had a great first day last month, but shares have dropped since then.
- 04/15/2024
|
Reddit poised for AI and user growth, analysts say, as they initiate coverage
- Newly public Reddit Inc. is well positioned to turn its vast trove of user data into a compelling resource for AI, according to analysts, who initiated coverage of the social-media platform Monday.
- 04/15/2024
|
Reddit stock is down 35% from its high: buy the dip or sell the rip?
- Reddit Inc (NYSE: RDDT) has lost nearly 35% in about three weeks but a Morgan Stanley analyst recommends not counting on a swift recovery. Reddit stock has limited upside from here The investment firm assumed coverage of the social media platform today with a “neutral” rating and $45 price target that suggests a near 5.
- 04/15/2024
|
RDDT Stock: Reddit Might Not Be a Blue Chip, but at Least It's a Real Business
- I've just finished writing about Trump Media & Technology Group (NASDAQ: DJT ), so forgive me if I'm a little snarky. Nothing puts me in a worse mood than writing about a terrible business.
- 04/15/2024
|
Wall Street brokerages start Reddit coverage with skepticism on user growth
- J.P.Morgan and Morgan Stanley started coverage on Reddit with equivalent to "hold" ratings, as they wait for clarity on the social media company's user growth, while staying bullish on ad-revenue growth and artificial intelligence (AI) initiatives.
- 04/15/2024
|
Jump on the Reddit Bandwagon? Unpacking the RDDT Stock Buzz.
- The much-anticipated Reddit stock (NYSE: RDDT ) IPO is now old news, with RDDT officially trading on the New York Stock Exchange on March 21, more than a decade after many of its counterparts. Under the ticker “RDDT,” shares debuted at $47, soaring to nearly $75 at their peak, marking a 120% increase from its initial $34 offering.
- 04/12/2024
|
Reddit to Announce First Quarter 2024 Results on Tuesday, May 7, 2024
- SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), announced today that the company's first quarter 2024 financial results will be released after market close on Tuesday, May 7, 2024. Reddit will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the conference call and related earnings materials can be accessed at Reddit's Investor Relations website at investor.redditinc.com and investor relations subreddit r/RDDT. A replay of the w.
- 04/11/2024
|
Powell's printer went brrrr. Kashkari goes grrrr.
- There was a time when the self-confessed market degenerates populating Reddit's WallStreetBets message board would proclaim Jerome Powell the market's hero as his printing press went brrrr!
- 04/11/2024
|
Reddit Stock May Be More Than a Meme, But It's Still Not a Buy.
- Reddit (NYSE: RDDT ) went public less than a month ago, but even in this short span of time, Reddit stock has become one of the most talked-about stocks out there. Based on traditional valuation metrics, RDDT is richly priced.
- 04/10/2024
|
Following Its Highly Anticipated IPO, Reality May Already Be Setting in for Reddit Stock. 3 Things Smart Investors Should Know.
- Reddit is a social media platform known for its online forums covering a variety of topics. The website is popular, but competition in the social media space shows just how hard it is to generate consistent user engagement and growth.
- 04/07/2024
|
Where Will Reddit Stock Be in 5 Years?
- Reddit's post-IPO rally quickly fizzled out. It's struggling to monetize its users, especially in the U.S. It faces unpredictable competition from generative AI platforms.
- 04/07/2024
|
Reddit Stock Has 16% Downside, According to 1 Wall Street Analyst
- One analyst sees Reddit struggling to succeed as a public company. The company's anonymous user base and adult content may pose challenges.
- 04/06/2024
|
Can Reddit Recover?
- Founded in 2005, as the internet went from dial-up to broadband, Reddit (NYSE: RDDT) has been called the “front page of the internet.
- 04/06/2024
|
The AI Sleepers: 3 Overlooked Stocks Poised for Massive Growth
- Though the artificial intelligence craze (AI) is slowing somewhat, there's no doubt that advanced computing and AI-style offerings will continue driving innovation and market gains for years. But, though top AI stocks gather the most media and market attention, overlooked AI stocks are slowly building a foundation for rapid future growth.
- 04/05/2024
|
U.S. brokerages start Reddit coverage with doubts over turning a profit
- Two U.S. brokerages began coverage of Reddit by taking a skeptical stance on the social media platform's ability to turn profitable and raised concerns over its potential entry into the 'meme stock' club.
- 04/04/2024
|
‘Poor Man's Twitter': Reddit Gets Lukewarm Wall Street Welcome
- Reddit's first batch of analyst reviews were mixed at best, putting further pressure on the newly public social media company as it navigates a significant downswing in its valuation.
- 04/04/2024
|
Reddit's story hinges on ‘promises we've heard too many times,' a new bear says
- Reddit Inc. has a “compelling” near-term narrative ahead of it, according to a Bernstein analyst. The company was the leading social-media player in terms of user and revenue growth during the fourth quarter, and its targets for this year seem conservative.
- 04/03/2024
|
Is Reddit Stock A Buy After Surging 120% From Its IPO Price?
- Social media platform Reddit soared more than 120% from its IPO price. Following the IPO, is Reddit stock a buy in today's market?
- 04/03/2024
|
3 Tech Stocks to Sell Before the Next Market Meltdown
- Identifying opportunities and risks within the ever-evolving stock market landscape is crucial for investors aiming to make informed decisions. This research examines three well-known tech stocks and finds strong arguments for selling them before the next market correction.
- 04/03/2024
|
Why I Wouldn't Touch Reddit Stock With a 10-Foot Pole
- Reddit is a social media platform that allows users to post and comment in forums on just about any topic. The company has garnered a unique following, but it pales when benchmarked against competitors.
- 04/03/2024
|
Has Reddit's stock IPO been a huge scam?
- The long-awaited Reddit IPO (NYSE: RDDT) didn't unfold as anticipated. RDDT stock has experienced significant volatility, surging by 30% at one point but also plummeting by the same amount, leaving its current price almost identical to its debut price at $50.45.
- 04/03/2024
|
Banker sees healthy M&A, IPO deal pipeline as private-equity firms look to deploy cash
- The dealmaking pipeline for mergers and well as initial public offerings continues to improve from a year ago as private-equity firms and middle-market businesses gear up to transact, a high-ranking banker told MarketWatch.
- 04/02/2024
|
The 3 Best Social Media Stocks to Buy in April 2024
- Social media stocks are in focus this year, with political ad spending expected to skyrocket and the broader market implications of a TikTok ban. With all the positive momentum behind the sector, betting on the best social media stocks to buy in April would be prudent.
- 04/02/2024
|
Low Interest Rates Can Help These Commercial Banks Rally Higher
- Every cycle brings new opportunities; now that the Federal Reserve (the Fed) is looking to cut interest rates in 2024, the market could be getting ready to shift in a new direction. Banking stocks could be the first to move, as they are tied to the financial pulse of the economy.
- 04/02/2024
|
3 Reasons to Sell Reddit Stock, 1 Big Reason to Buy
- Reddit went public at $34 less than two weeks ago. The stock soared for its first three days of trading before falling sharply in the next three days on the market.
- 04/02/2024
|
UL Solutions launches IPO with plans for valuation of up to $5.8 billion
- UL Solutions Inc., a testing, inspection and certification company, launched its initial public offering on Tuesday with plans to issue 28 million shares priced at $26 to $29 each.
- 04/02/2024
|
Reddit Stock: Insider Selling Raises Pump-and-Dump Possibilities
- Did you ever get the feeling you've been tricked? I posited that Reddit (NYSE: RDDT ) shares could rally like Meta Platforms (NASDAQ: META ) stock did.
- 04/02/2024
|
Strategist says buy iShares Russell 2000 ETF and avoid Reddit
- There are a lot of ways to evaluate whether or not an asset is worth adding to your portfolio. One thing to look at is valuation.
- 04/01/2024
|
Can Reddit (RDDT) Monetize?
- How does Reddit compare to other social media platforms like Instagram and Pinterest? The RDDT stock price is down after the NYSE debut.
- 04/01/2024
|
Better Stock to Buy: Trump Media (Truth Social) vs. Reddit
- TMTG's valuations have soared to astronomical levels. Reddit's valuations seem more reasonable, but it faces long-term challenges.
- 04/01/2024
|
Here's why Trump Media (DJT), Rumble, Reddit stocks dived
- Trump Media & Technology (DJT), Rumble (RUM), and Reddit (RDDT) stock prices dived hard on Monday, erasing some of the recent gains. DJT, the newly-public social media company, crashed by over 14% on Monday and is now down by almost 20% from its highest point last week.
- 04/01/2024
|
The 5 Biggest Risks for Reddit Investors
- Reddit's user growth is unpredictable, and it's struggling to monetize its U.S. users. Its growth could be impaired by the rise of AI platforms as well as privacy-oriented changes.
- 04/01/2024
|
After DJT and Reddit, is Circle the next tech IPO to come in Q2?
- Trump Media (DJT) and Reddit (RDDT) were the biggest names to go public in the first quarter of the year. To a large extent, these companies performed well shortly after listing in New York, which could incentivise more tech firms to go public.
- 03/31/2024
|
Why Reddit Stock Gained Despite Volatility This Week
- Followings its recent IPO, AI-related excitement helped Reddit stock post big gains early in this week's trading. But the company's share price pulled back later in the week.
- 03/30/2024
|
How to evaluate meme stocks, according to two experts
- Meme stocks have wiggled their way back into Wall Street conversations as social media companies Trump Media & Technology Group (DJT) and Reddit (RDDT) began trading at high valuations despite the companies actively losing money. Public COO Stephen Sikes and Interactive Brokers Chief Strategist Steve Sosnick join Yahoo Finance to discuss the renewed interest in meme stocks, FOMO investing, and what investors need to keep in mind when considering chasing this trend.
- 03/29/2024
|
Up 35% After Its IPO, Is Reddit the Next Red-Hot Artificial Intelligence Stock?
- The social networking stock's valuation soared after its recent IPO. Artificial intelligence (AI) could be playing a role in Reddit's hot start.
- 03/29/2024
|
3 Strong Buy Social Media Stocks to Add to Your Q2 Must-Watch List
- Have you heard the current debates surrounding TikTok and X? It's easy to see the huge influence that social media exerts on society.
- 03/28/2024
|
Are These Recent IPOs Worth Investors' Attention?
- Several exciting IPOs have emerged over the last year, reflecting renewed confidence in the investment landscape overall. 2021 was a record year for IPOs, although the trend has slowed considerably since.
- 03/28/2024
|
Reddit shares on a two-day tumble after post-IPO high
- Reddit shares are plummeting after experiencing a rally after the social messaging company's IPO last week.
- 03/28/2024
|
Short Sellers Are Betting Against Reddit (RDDT) Stock in Big Numbers
- Last week brought the biggest trading debut of the year when Reddit (NYSE: RDDT ) launched its initial public offering (IPO). Of course, after a failed attempt to go public in 2021, the social media company already had many eyes on its 2024 debut.
- 03/28/2024
|
Reddit's IPO Roller Coaster: Pump the Brakes on RDDT Stock
- Reddit (NYSE: RDDT ) stock is a global social media company founded in 2005, that provides an online platform for people to discuss various topics. RDDT stock went public last week at a share price of $47, which increased by 30% to $59.8 just this Monday.
- 03/28/2024
|
There is a new king of meme stocks in town
- March appears to herald the emergence of new meme stocks, with Reddit (NYSE: RDDT) and Trump Media (NASDAQ: DJT) making their debut in the stock market.
- 03/28/2024
|
Monster insider trade alert for Reddit stock just days after IPO
- Just a week after Reddit (NYSE: RDDT) went public, it appears that its executives are capitalizing on the opportunity to sell shares for profit. On March 25 alone, over $40 million worth of shares were sold.
- 03/28/2024
|
Reddit shares slump after CEO Steve Huffman sells 500,000 shares
- Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.
- 03/27/2024
|
Reddit Insiders Selling Days After IPO; Shares Fall Late
- Reddit CEO Steve Huffman and other top executives and board members late Wednesday disclosed share sales, just a week after the social network had in its initial public offering.
- 03/27/2024
|
3 Absurdly Expensive Stocks to Sell Now Before It's Too Late
- Overvalued stocks can be quite ruinous for portfolios. Even solid companies with high valuations can come crashing down if they don't meet lofty expectations or if the market's confidence wanes.
- 03/27/2024
|
Short sellers target Reddit shares as stock slips
- Reddit stock's stellar market debut has drawn significant bearish bets against the social media forum in its first few days of trading, data from analytics company Ortex on Wednesday showed.
- 03/27/2024
|
3 Tech Stocks to Sell ASAP Before the Bubble Bursts
- The stock market remains at an all-time high. However, many analysts and market observers are starting to question aloud how much longer the current rally can last?
- 03/27/2024
|
Hedgeye Warns That Reddit (RDDT) Stock Will Fall 50%
- Reddit (NYSE: RDDT ) stock is a hot topic on Wednesday following a warning from Hedgeye analyst Andrew Freedman about the social media company's shares. The Hedgeye analyst is warning clients that RDDT stock is going to see a major dip following its massive rally after recently going public.
- 03/27/2024
|
Reddit Stock Is Headed 17% Lower, According to 1 Wall Street Analyst Firm
- With a note published on March 26, New Street became one of the first firms to initiate coverage on Reddit stock. New Street assigned a neutral rating and a price target of $54 per share on the stock.
- 03/27/2024
|
Is Reddit the Next Big AI Stock? Here's Why I'm Skeptical
- Reddit makes most of its money from advertising, but it's growing its business in data licensing. The company expects to bring in $66.4 million in revenue from data licensing this year.
- 03/27/2024
|
3 Things You Have to Know About Reddit's IPO
- A "successful" IPO doesn't mean the stock will go up forever.
- 03/26/2024
|
Not Just Trump Media: These Social Media Stocks Are Also Red Hot
- The newly public company tied to former President Donald Trump's Truth Social platform isn't the only social media stock rallying, as shares of the handful of other public social media companies are also on a hot streak.
- 03/26/2024
|
Reddit investors shrug off hold rating, bid up stock another 15% as post-IPO rally continues
- Reddit's post-IPO rally continues, despite the company receiving a hold rating from a prominent analyst.
- 03/26/2024
|
5 Investors Betting Big on Reddit (RDDT) Stock
- Shares of Reddit (NYSE: RDDT ) are continuing their hot streak and are up by over 10% today. RDDT stock has now almost doubled from its initial public offering (IPO) price of $34.
- 03/26/2024
|
3 Hot IPOs to Watch After Reddit's Impressive Stock Market Debut
- Reddit (NYSE: RDDT ) is defying expectations, surging appreciably post-IPO and retaining its momentum even as options traders prep for next week's options launch. IPOs tended to stagnate over the past few years, with pandemic-era SPACs assuming the role of investment bankers in bringing companies public.
- 03/26/2024
|
New Street Analysts Just Set a $54 Price Target on Reddit (RDDT) Stock
- The Reddit (NYSE: RDDT ) initial public offering (IPO) has been extremely successful so far. Shares of RDDT were priced at $34, the higher end of the targeted $31 to $34 range.
- 03/26/2024
|
Reddit stock price forecast: New Street sees 20% downside
- Reddit Inc (NYSE: RDDT) is a fairly risky investment now that its trading at double the price at which it IPO-ed, as per a New Street Research analyst. Reddit stock could tank to $54 Dan Salmon assumed coverage of $RDDT this morning with a “neutral” rating.
- 03/26/2024
|
AI Is Not the Killer App; It's the Killer Fuel for Reddit and Others
- 3iq's Head of Research Mark Connors thinks AI is the killer fuel for tech companies' future success and says it explains Reddit's surge post-IPO. He argues that Reddit remains untapped in terms of its potential AI gains.
- 03/26/2024
|
Reddit stock charges higher, even as it picks up a neutral rating
- Reddit Inc.'s stock is continuing its sharp ascent in Tuesday trading, even as an analyst took a sidelined stance on the social-media name.
- 03/26/2024
|
Reddit shares surge a day after options launch, set to nearly double IPO price
- Shares of social media platform Reddit jumped 11% on Tuesday, set to extend a strong run from a day earlier following the launch of options on the stock.
- 03/26/2024
|
Cramer's Mad Dash: Reddit
- CNBC's Jim Cramer delivers his daily Mad Dash.
- 03/26/2024
|
An underdog's market triumph: The social media platform winning on Wall Street
- This year has been exceptionally favorable for the social media industry. To illustrate, on February 2, Meta Platforms (NASDAQ: META ) surged to set a record for a single-day price jump in Wall Street history.
- 03/26/2024
|
Here's how high bitcoin has to climb to make sense in a 60/40 portfolio, according to Citi
- Many people have tried to find an alternative to the 60/40 portfolio over the years. Is it now time for 55% stocks, 40% bonds and 5% bitcoin?
- 03/26/2024
|
Reddit IPO: Billionaire Investors Are Getting Rich on the New AI Stock. Should You Buy Too?
- High-profile investors like OpenAI's Sam Altman and Ark Invest's Cathie Wood own Reddit stock. The company has sold itself as a play on the generative AI boom.
- 03/26/2024
|
Is Reddit Really Like Pinterest?
- We've also got an interview with John Carrington, CEO of Stem, which is going full speed ahead on the clean energy transformation.
- 03/25/2024
|
A quiet meme stock rally? Reddit, GameStop and Supermicro surge
- Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.
- 03/25/2024
|
How the AI potential of Reddit's user data has helped send its stock soaring
- As Reddit Inc. shares soared on Monday to end their third day of trading up 30%, the stock is seeing heightened interest and improved sentiment from retail investors in the wake of its initial public offering last week, according to stock-market-focused social-media platform Stocktwits.
- 03/25/2024
|
The action from Reddit's first day of options trading
- Options Action traders talk Reddit's options trading and Mike Khouw, Optimize Advisors president, gives his playbook for the stock.
- 03/25/2024
|
Reddit shares close 30% up following social media company's IPO
- Reddit shares were up about 30% to $59.80 at the market's close on Monday.
- 03/25/2024
|
Reddit shares close nearly 30% up following social media company's IPO
- Reddit shares were up about 30% to $59.80 at the market's close on Monday.
- 03/25/2024
|
Reddit surges in 3rd day of trade: Here's what it means for the tech IPO market
- Lo Toney, Plexo Capital founding managing partner, joins 'Closing Bell' to discuss Reddit's debut on the stock market, if there are blue skies ahead for the tech market, and more.
- 03/25/2024
|
Reddit (RDDT) on the Move Up & Chip Stock Chatter
- Reddit (RDDT) is on the move up on the third day of trading. Jenny Horne and Kevin Hincks discuss this, along with the state of the chip trade.
- 03/25/2024
|
Time for IPO ETFs?
- As the IPO market shows signs of improvement, investors can play IPO ETFs. The successes of Reddit and others may pave the way for a successful IPO market in the near term.
- 03/25/2024
|
Reddit options launch draws bulls as shares extend gains
- Options on Reddit drew a flurry of bullish bets on Monday as the social media platform's stock rallied as much as 16% after last week's strong market debut.
- 03/25/2024
|
Markets Await PCE/Core-PCE Inflation Data
- March is turning out to be an eventful one for Wall Street. U.S. stock markets suffered fluctuations in the first half of this month owing to market participants' concerns about the timing of the first reduction in the Fed fund rate, following resilient labor market data and sticky inflation rate in February.
- 03/25/2024
|
Reddit's Successful IPO Puts These ETFs in Focus
- The popular social media platform Reddit (RDDT) celebrated a triumphant entry to the New York Stock Exchange on Thursday, with its shares skyrocketing 48% on debut.
- 03/25/2024
|
Key Data in Focus to Start the Last Week of an Eventful March
- March is turning out to be an eventful one for Wall Street. This week, investors are waiting for a series of key economic data.
- 03/25/2024
|
Come and Get It! Why Reddit Stock's Debut Could Be 2024's Most Important IPO.
- Reddit's (NYSE: RDDT ) initial public offering started off with a bang, prompting investor questions about buying after the Reddit IPO. It almost certainly is.
- 03/24/2024
|
Could This Artificial Intelligence (AI) Fintech Be 1 of 2024's Largest IPOs?
- Following Reddit's initial public offering, investors could see more huge IPOs in 2024. Klarna, the Swedish fintech bank, used artificial intelligence to slash costs last year and is in talks with investment banks about going public.
- 03/24/2024
|
3 stocks to watch for this week
- Over the past week, the stock market recorded highs following the Federal Reserve's indication that it will maintain its projection for three interest rate reductions this year, despite stubborn inflation readings.
- 03/24/2024
|
Should You Buy Reddit Stock After Its Sizzling IPO?
- Reddit went public last week after nearly 20 years of operations. Investors are excited about the company's growth prospects, especially with its content helping train AI models.
- 03/24/2024
|
Here is Why AMC May Announce a Stock Split This Year
- If you want to retire before 65, pay attention. Study after study has shown that the longer you stay invested, the better your chances at an early retirement.
- 03/23/2024
|
Big week for tech IPOs Reddit, Astera boosts Morgan Stanley after extended lull
- Morgan Stanley captured the coveted lead left spot on IPOs for Reddit and Astera Labs this week.
- 03/23/2024
|
Can Reddit stock reach $100 in 2024?
- Social media giant Reddit (NYSE: RDDT) made a notable debut on Wall Street, surging to highs of $57 before concluding nearly 48% higher on March 21, the day it went public.
- 03/23/2024
|
U.S. IPO Weekly Recap: Tech IPOs Pop As End Of March Approaches
- U.S. IPO Weekly Recap: Tech IPOs Pop As End Of March Approaches
- 03/23/2024
|
TastyLive CEO: 'Reddit will be a very different company a year or two from now'
- Reddit (RDDT) made its debut on the New York Stock Exchange, soaring to an intraday high of $57 per share. tastylive Founder and CEO Tom Sosnoff joins Yahoo Finance Live to discuss his outlook and stake in the company.
- 03/22/2024
|
Reddit (RDDT) Volatility After IPO
- Reddit (RDDT) stock price is experiencing some volatility amid the NYSE debut. The latest social media IPO was priced at $34 a share and closed at $50.44.
- 03/22/2024
|
The Score: Reddit, Apple, FedEx and More Stocks That Defined the Week
- Here are some of the major companies whose stocks moved on the week's news.
- 03/22/2024
|
Reddit Stock Slides Nearly 9% After Massive Post-IPO Gains
- Reddit's share price fell in its second day of trading Friday, cooling off—but not fully erasing its gains—after an explosive Thursday in which shares increased nearly 60% following its initial public offering.
- 03/22/2024
|
Reddit's CEO gets $900 million richer from stock's pop. Here's who else made bank.
- Reddit Inc. Chief Executive Steve Huffman is $894 million richer based on the social-media stock's first couple days of trading action.
- 03/22/2024
|
Reddit's debut made a splash, but caution's still the name of the game in the IPO market
- Reddit Inc. enjoyed a strong debut as a public company in its closely watched offering Thursday, but don't expect the IPO floodgates to re-open, according to Christian Munafo, Chief Investment Officer of Liberty Street Advisors.
- 03/22/2024
|
Great Time for Reddit to IPO: r/WallStreetBets Moderator
- Reddit's first-day jump fattened the wallets of the social media platform's users who were given the unusual opportunity to buy shares at the initial public offering price as well as longtime investors benefiting from the rebound in the company's valuation. Noor Al, a moderator for Reddit's r/WallStreetBets community, joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology.
- 03/22/2024
|
The FINRA Crackdown on Social Media Influencers Should Be a Wake-Up Call to Investors
- One of this week's biggest stories involved a regulatory crackdown on a prominent brokerage app. In a statement released on March 18, The Financial Industry Regulatory Authority (FINRA) reported that financial services platform M1 Finance had hired some 1,700 social media influencers between 2020 and 2023.
- 03/22/2024
|
Reddit vs. Pinterest Stock: Which Is Best for Your Portfolio?
- Reddit just completed its IPO, adding a new choice for investors who want social media exposure. Pinterest could be a more compelling choice for certain types of investors.
- 03/22/2024
|
Reddit surges on IPO
- Reddit is the first social media company to go public since Pinterest in 2019, and shares surged in the first day of trading. Despite a pullback on Friday, the company has investors bullish #reddit #socialmedia #investing #stocks #pinterest #facebook #youtube
- 03/22/2024
|
Cathie Wood's ARK snaps up Reddit shares
- Popular investor Cathie Wood's ARK Invest purchased nearly 10,000 shares of the social media platform Reddit in its stock market debut on Thursday. It added 9,982 shares of Reddit to the ARK Next Generation Internet ETF and ARK Fintech Innovation ETF, according to an email from the asset manager seen by media outlets.
- 03/22/2024
|
Cathie Wood Bought Reddit (RDDT) Stock on Its First Day of Trading
- Reddit (NYSE: RDDT ) had a successful initial public offering (IPO) and first day of trading yesterday, with shares finishing up by 48%. The IPO price was $34, the high end of the target range between $31 and $34.
- 03/22/2024
|
RDDT Stock Alert: Get Ready for a Big Pop After the Reddit IPO
- Reddit (NYSE: RDDT ) stock closed its first day of trade well in the green, soaring 48% on Thursday as investors eagerly jumped onto one of the most anticipated initial public offerings (IPO) of the year. Reddit raised $748 million in its Wall Street debut, earning a valuation of $6.4 billion.
- 03/22/2024
|
“Green shoots' in Germany, data shows, as Europe stocks head for longest weekly winning streak since 2012
- An unexpectedly upbeat German sentiment indicator stirred hopes of “green shoots” in the region's biggest and one of its most troubled economies.
- 03/22/2024
|
Cathie Wood Didn't Take Long to Buy Reddit Stock
- Cathie Wood's Ark Invest bought more than 10,000 shares of Reddit on Thursday for her Ark Invest funds, a stake that is now worth more than $500,000. Reddit went public at $34, closing above $50 on its first day of trading for a market cap of roughly $8 billion.
- 03/22/2024
|
Reddit moderator: Didn't take part in company IPO 'because I can't really trust them'
- Courtnie Swearingen, Reddit moderator, joins 'Squawk Box' to discuss Reddit's IPO debut, why she decided against taking part in the IPO,
- 03/22/2024
|
Reddit pops 48% in NYSE debut after selling shares at top of range
- CNBC's Julia Boorstin joins 'Squawk Box' with the latest news from Reddit.
- 03/22/2024
|
Reddit shares flying could signal good things to come for the IPO market: analyst
- Reddit shares surged as much as 70% above their offering price on the social media platform's first day of trading on Thursday. The stock debuted on the New York Stock Exchange at $47 per share, above its IPO price of $34.
- 03/22/2024
|
Does Reddit's Successful Public Debut Mean Tech IPOs are Back?
- Despite skepticism about the company's valuation, social media Website and app Reddit Inc. debuted on the New York Stock Exchange under the ticker symbol RDDT.
- 03/22/2024
|
Reddit dips day after strong NYSE debut
- Social media platform Reddit's shares ticked down 2.6% before the bell on Friday, a day after it notched a 48% gain in its debut on the New York Stock Exchange.
- 03/22/2024
|
Reddit Stock Falls After Post-IPO Surge, and Other Technology News Today
- Reddit stock was falling back early on Friday after a spike on its first day of trading. Meanwhile, more details emerged about Microsoft's arrangements with Inflection AI.
- 03/22/2024
|
Justice Dept. Sues Apple, Smartphones and Children with Jonathan Haidt and Reddit's I.P.O.
- “We'll see you in court.”
- 03/22/2024
|
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
- Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit in the social media platform's strong market debut on Thursday, an email from the asset manager showed.
- 03/22/2024
|
Reddit: A Robust Growth Prospect With Fuel Behind It
- Reddit's shares skyrocketed in their debut, closing up 48.4% and valuing the company at over $8 billion. Despite struggling to generate positive cash flows or earnings, Reddit has a hoard of cash at its disposal and could potentially turn cash flow positive in the future. The company plans to generate additional growth through non-advertising activities, such as data licensing and the development of a user economy.
- 03/22/2024
|
IPO Activity Slow To Recover
- IPO Activity Slow To Recover
- 03/21/2024
|
Reddit's co-founder is bickering with investors on the company's big IPO day
- Reddit went public Thursday after raising $748 million in its initial IPO. IPOs are normally a day of celebration for companies.
- 03/21/2024
|
Reddit (RDDT) IPO: The New Social Media Stock
- Reddit (RDDT) began trading on the NYSE today. Will the Reddit IPO indicate investor interest in social media stocks amid the recent TikTok controversy?
- 03/21/2024
|
Sam Altman's Reddit stake worth over $600 million after first day pop on NYSE
- OpenAI CEO Sam Altman was a big winner in Reddit's New York Stock Exchange debut on Thursday.
- 03/21/2024
|
Reddit stock pops from IPO price of $34 to a high of $57.80
- Reddit (RDDT) has commenced trading on the New York Stock Exchange on Thursday afternoon, its stock debuting at $47 ahead of its IPO price of $34 per share. The social media company's stock is popping off in a bullish debut, soaring to an intraday high of $57.
- 03/21/2024
|
Why Reddit Stock Skyrocketed in Its IPO Today
- Reddit stock had a successful initial public offering on Thursday. The stock rose 43% from its $34 per-share listing price and raised $519 million for the company.
- 03/21/2024
|
Reddit is in great shape to become profitable, IPO expert says
- Social Media giant Reddit (RDDT) is set to make its Initial Public Offering (IPO) on the New York Stock Exchange on Thursday. The company is pricing its IPO stock price at around $34 per share.
- 03/21/2024
|
After Reddit IPO, clock is ticking on CEO's ‘strange' bet on the stock's performance
- Now that Reddit Inc. is a public company, Chief Executive Steve Huffman is set to make millions — and even more if the stock manages to hold its value.
- 03/21/2024
|
Reddit's Next Steps Now that Stock is Public
- Christine Lagorio-Chafkin, Editor at Large at Inc Magazine and author of We Are the Nerds: The Birth and Tumultuous Life of Reddit, the Internet's Culture Laboratory joins Bloomberg Businessweek and reacts to Reddit's first day of trading on the NYSE
- 03/21/2024
|
Reddit shares soar on first day of public trading
- Company stock price climbed nearly 70% from its IPO, with Condé Nast's parent company standing to make nearly $1.4bn
- 03/21/2024
|
Is RDDT Stock the Next Big AI Company After the Reddit IPO?
- Every stock is an AI story now, or so it seems. For Reddit (NYSE: RDDT ) and its initial public offering (IPO) today, that's at least part of the story driving shares of RDDT stock more than 45% higher in afternoon trading.
- 03/21/2024
|
Radient Technologies (RDDTF) Stock Skyrockets 4,900% in Apparent Reddit Mixup
- There have been a number of high-profile stock mixups in the past that have led certain penny stocks to skyrocket in a short amount of time before dying back down. One such stock generating an incredible amount of interest today is Radient Technologies (OTCMKTS: RDDTF ).
- 03/21/2024
|
Reddit IPO: shares fly in stock market debut
- Reddit shares surged as much as 70% above their offering price on the social media platform's first day of trading on Thursday. The stock debuted on the New York Stock Exchange at $47 per share, above its IPO price of $34.
- 03/21/2024
|
Reddit shares open above IPO price: Here's what you need to know
- Doug Clinton, Deepwater Asset Management managing partner and co-founder, and CNBC's Deirdre Bosa join 'Power Lunch' to discuss Reddit's shares opening above its IPO price and outlook for the company.
- 03/21/2024
|
Reddit, the self-anointed 'front page of the internet,' jumps 55% in Wall Street debut
- 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.
- 03/21/2024
|
Reddit IPO gives investors a new chance to buy into AI, analyst says
- Social media giant Reddit is poised to make its IPO on the New York Stock Exchange on Thursday under the ticker RDDT. The price of the stock will most likely trade around $34 per share.
- 03/21/2024
|
Reddit Shares Soar as It Begins Trading on NYSE
- Reddit shares opened at 38% above the $34 IPO price when it began trading on the NYSE. Reddit's IPO, the fourth largest this year, is a high-profile addition to 2024's roster of newly and soon-to-be public companies.
- 03/21/2024
|
RDDT Stock: CEO Steve Huffman Discloses 2023 Profit as Reddit IPO Takes Off
- After much anticipation, the social network Reddit (NYSE: RDDT ) made its public market debut on Thursday afternoon. Notably, CEO Steve Huffman remarked in an interview that the platform posted a profit in the back half of 2023.
- 03/21/2024
|
Reddit begins trading: Here's what investors need to know
- Duncan Davidson, Bull Pen Capital general partner, joins 'The Exchange' to discuss Reddit as the social media gaint begins trading, reactions from the Reddit community, and more.
- 03/21/2024
|
Three Reddit-Fueled Stocks on the Verge of Breaking Out
- Since the rise of Reddit stocks during the pandemic, it remains prudent to monitor discussions for signs of emerging trends in retail trading activity. While some have predicted the end of meme stocks following interest rate hikes by the Fed, speculative trading remains prevalent.
- 03/21/2024
|
NYSE President Lynn Martin: Reddit IPO was a 'big test' for other companies
- NYSE President Lynn Martin joins 'The Exchange' to react to Reddit's IPO, minutes after it began trading.
- 03/21/2024
|
Reddit begins trading as 'RDDT'
- Reddit begins trading, with the first trade being at $47.
- 03/21/2024
|
Reddit shares skyrocket 38% above IPO price, valuing company at nearly $9B
- The eyeball-grabbing debut will be a major test of the IPO market, where investors are seeing some green shoots, thanks to increasing bets of a soft landing.
- 03/21/2024
|
Reddit's stock might get volatile if WallStreetBets jumps in: Bull Pen's Duncan Davidson
- Duncan Davidson, Bull Pen Capital general partner, joins 'The Exchange' to discuss Reddit's IPO price, whether this IPO would spur other companies to go public, and more.
- 03/21/2024
|
Reddit IPO spikes, reigniting social media sector
- Reddit, the social networking forum where users can post, comment and interact on all kinds of issues and topics, is now a public company after a blockbuster IPO.
- 03/21/2024
|
Reddit stock rallies 70% on NYSE debut
- Reddit gained a whopping 70% as it debuted on the New York Stock Exchange on Thursday – signalling strong appetite for new tech stocks. Reddit is now worth over $10 billion The social media company priced its initial public offering at $34 per share on Wednesday that valued it at about $6.4 billion.
- 03/21/2024
|
Reddit CEO: In an AI world
- Reddit (RDDT) is making its market debut on the New York Stock Exchange on Thursday. Ahead of the stock's opening trades, Reddit Co-Founder and CEO Steve Huffman tells Yahoo Finance Executive Editor Brian Sozzi that there are three "chapters" to Reddit that investors should pay attention to: the company's ad business, user economy, and then its data.
- 03/21/2024
|
Reddit Shares Surge In IPO
- Shares of message board master Reddit headed sky high Thursday as the company launched its initial public offering. The stock was up nearly 60% from its midday at about $54, giving it a market cap of $8..8 billion.
- 03/21/2024
|
Reddit's IPO has begun with shares soaring 60% within minutes
- Shares of social forum giant Reddit opened today at nearly $47 per share, then quickly soared to around $55, up about 60% in heavy volume from its IPO price of $34 per share.
- 03/21/2024
|
Reddit Opens Up 38%, as Shares Begin Trading
- The social media company's debut on the New York Stock Exchange was one of the first major tech initial public offerings of the year.
- 03/21/2024
|
Reddit's Stock Jumps in IPO
- Reddit shares soared in their stock-market debut, an endorsement for the social-media company and a boost for other companies eyeing 2024 IPOs.
- 03/21/2024
|
Reddit IPO: Stock Rallies 50% In Wall Street Debut
- Shares of Reddit skyrocketed in the social media firm's first day on the New York Stock Exchange, as the most notable initial public offering of 2024 encountered a hungry market.
- 03/21/2024
|
Reddit pops 38% in NYSE debut to open at $47 per share
- Reddit entered the public market on Thursday, betting that a wider swath of investors will buy into the 19-year-old social media company.
- 03/21/2024
|
Reddit IPO: COO on IPO Process, Data Licensing, AI Language Models
- Reddit COO Jen Wong calls the social media platform's IPO “one milestone in the history of a 19-year company that I think has a lot of runway,” on the day the stock begins to trade. She speaks with Caroline Hyde and Ed Ludlow on "Bloomberg Technology.
- 03/21/2024
|
Reddit IPO: COO on IPO Process, Data Licensing, AI Language Models
- Reddit COO Jen Wong calls the social media platform's IPO “one milestone in the history of a 19-year company that I think has a lot of runway,” on the day the stock begins to trade. She speaks with Caroline Hyde and Ed Ludlow on "Bloomberg Technology.
- 03/21/2024
|
Reddit's data licensing deal in focus as the company goes public
- CNBC's Deirdre Bosa joins 'Money Movers' to discuss Reddit's data licensing deal.
- 03/21/2024
|
IPO Market Pins Hopes on Astera Labs and Reddit Debuts
- Brianne Lynch, Head of Market Insight at EquityZen, explains why the early public-market performance of companies like Astera Labs and Reddit will be a key indicator of the broader appetite for new initial public offerings over the next year. Brianne speaks with Paul Sweeney and Bailey Lipschultz on Bloomberg Radio.
- 03/21/2024
|
Reddit CEO Steve Huffman on IPO debut: The best investors of Reddit are people who use Reddit
- CNBC's Julia Boorstin and Reddit CEO Steve Huffman join 'Squawk on the Street' to discuss the company's public debut at the New York Stock Exchange, the company's profitability outlook, advertising strategy, emerging revenue streams, and more.
- 03/21/2024
|
RDDT Stock IPO: 7 Things to Know as Reddit Starts Trading Today
- The shares of social media giant Reddit (NYSE: RDDT ) will start trading today in what many see as the biggest initial public offering (IPO) of the year. The IPO of RDDT stock, which will trade on the New York Stock Exchange, was priced yesterday at $34 per share.
- 03/21/2024
|
Dow Jones Today: Stock Futures Rise Following Fed Decision; Reddit Set to IPO
- Stock futures rose in premarket trading on Thursday after the Fed maintained its projection for three rate cuts this year and ahead of Reddit's hotly anticipated initial public offering.
- 03/21/2024
|
Reddit to start trading today: Here's what investors can expect
- Hope King, Axios business reporter, joins 'Squawk Box' to discuss Reddit's public market debut later today, what to expect from the IPO, and more.
- 03/21/2024
|
7 Social Media Stocks With More Upside Potential Than Reddit's Overhyped IPO
- Reddit's IPO is making waves among social media stocks as early investors massively oversubscribe to the listing, which is expected to post between $31 and $34 per share. While some may see Reddit as the next big social media stock, better options and alternatives are out there.
- 03/21/2024
|
Five things to know about Reddit
- Wall Street will see one of the year's most highly anticipated IPOs this week, when the nearly two decade old social media platform Reddit goes public, set for Thursday.
- 03/21/2024
|
Reddit's I.P.O. Is a Content Moderation Success Story
- The site's journey from toxic cesspool to trusted news source illustrates the business value of keeping bad actors at bay.
- 03/21/2024
|
Reddit, the self-anointed the 'front page of the internet,' set to make its stock market debut
- Reddit and its eclectic bazaar of online communities is ready to plumb high-stakes territory—the stock market.
- 03/21/2024
|
Reddit to list shares at top end of IPO range
- Reddit, the social media platform, is set to debut on the New York Stock Exchange at the top end of its guidance at US$34 per share. This gives the company a fully diluted valuation of US$6.4 billion, well below the US$10 billion it was valued at when it went through a private fundraising back in 2021.
- 03/21/2024
|
Now is the time for Reddit to 'walk the walk', says Wedbush's Dan Ives
- Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.
- 03/20/2024
|
Reddit prices IPO at $34 per share, the top of the range
- Reddit priced its stock on Wednesday at $34 a share, the top of the anticipated range, a signal that investors are excited about the company's IPO on Thursday. The social media giant raised nearly $500 million in the offering.
- 03/20/2024
|
Reddit prices IPO at top of indicated range to raise $748 million
- Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share Wednesday raising $748 million and giving the IPO market a much-needed boost.
- 03/20/2024
|
Condé Nast's Owners Set to Reap a $1.4 Billion Windfall From Reddit
- The Newhouse family, which controls the Advance media empire, made a 2006 investment of $10 million in the social site, which plans to go public on Thursday.
- 03/20/2024
|
Reddit Reportedly Prices Its IPO at $34 Per Share, Valuing It At $6.4 Billion
- Reddit priced its initial public offering (IPO) at $34 per share Wednesday evening and is set to begin trading Thursday, according to reports.
- 03/20/2024
|
Reddit Priced IPO At $34 Per Share—Hitting The High End Of Its Range
- Reddit priced its initial public offering at $34 a share, which is on the high end of its targeted range and gives the company a value of about $6.4 billion, multiple outlets reported Wednesday afternoon.
- 03/20/2024
|
Reddit Prices IPO at $34 a Share
- The popular social media site debuts Thursday. Will Reddit lead to a unicorn IPO revival?
- 03/20/2024
|
Reddit reportedly prices IPO at $34 per share
- CNBC's Leslie PIcker joins 'Fast Money' with breaking news that Reddit plans to price its IPO at $34 per share according to sources familiar with the matter.
- 03/20/2024
|
Reddit reportedly prices IPO at $34 a share, at high end of its target range
- Reddit is poised to take the plunge into public markets after announcing pricing for its closely-watched initial public offering.
- 03/20/2024
|
Reddit prices IPO at $34 per share, sources say
- Reddit has priced its IPO on Wednesday at $34 a share, valuing the social media company at about $6.5 billion.
- 03/20/2024
|
Reddit Said to Price I.P.O. at $34 a Share, in a Positive Sign for Tech
- The social media company raised $748 million in the offering. Its shares begin trading on the New York Stock Exchange on Thursday.
- 03/20/2024
|
Reddit prices IPO at top of indicated range, sources say
- Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share on Wednesday, according to people familiar with the matter.
- 03/20/2024
|
Reddit Prices IPO at $34 a Share
- The initial public offering was priced at the high end of its targeted range.
- 03/20/2024
|
Reddit, Holders Guide IPO Price At Top Range or Above
- Reddit and its selling shareholders are guiding that they could price the social media company's initial public offering at the top of its marketed range or above, according to people familiar with the matter. Bloomberg's Katie Roof joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology.
- 03/20/2024
|
Reddit's IPO raises questions about profitability. Here's how it makes money.
- Reddit's forthcoming IPO has raised the question of how the social-media platform makes money and plans to turn a profit.
- 03/20/2024
|
Reddit nears IPO: Here's what investors need to know
- Duncan Davidson, partner at Bullpen Capital, joins 'The Exchange' to discuss Reddit as the social media giant is going public this week, the company's path to profitability, and more.
- 03/20/2024
|
Wall Street's Favorite Tech Stocks? 3 Names That Could Make You Filthy Rich
- Technology stocks abound on Wall Street. There is no shortage of tech stocks new and old.
- 03/20/2024
|
Reddit IPO could be priced above guided range - reports
- Reddit's high-profile initial public offering (IPO) in the US will likely be priced at the top end, or even above, its marketed range, reports have said. Due to take place on Thursday, the IPO will see Reddit and its shareholders offer 22 million shares for US$31 to US$34 each.
- 03/20/2024
|
Reddit guides IPO may price at top of range or above, source says
- Reddit and its bankers are guiding that they could price the social media platform's initial public offering (IPO) at the top of the indicated range or above, according to a source familiar with the matter.
- 03/20/2024
|
Reddit will learn how to monetize their customers and surprise people, says tastylive's Tom Sosnoff
- Tom Sosnoff, tastylive CEO, joins 'Squawk Box' to discuss Reddit's upcoming IPO price target announcement, what to expect from the IPO, and more.
- 03/20/2024
|
Reddit power users balk at chance to participate in IPO as Wall Street debut nears
- Reddit is inviting some users to participate in its IPO this week, but moderators told CNBC that they're not taking the company up on its offer.
- 03/20/2024
|
First it was Facebook, then Twitter. Is Reddit about to become rubbish too?
- Reddit's IPO is worrying for users – big money has a nasty habit of ruining our favourite sites
- 03/20/2024
|
Post-IPO, Reddit will still be the ‘quirky goth kid' to Google and Facebook's ‘varsity quarterbacks'
- Reddit's looming IPO has thrust the company firmly into the spotlight, although Kamran Ansari, venture partner at Headline, expects the social-media platform to retain the quirkiness and edginess that have become its hallmark.
- 03/19/2024
|
Reddit CEO addresses whopping $193M compensation package
- Reddit CEO Steve Huffman explained his $193 million compensation plan in response to a user's inquiry in a Q&A session with the platform's community ahead of Reddit's IPO.
- 03/19/2024
|
FOMC Decision, Reddit IPO Pricing, Lagarde Speaks, Earnings | What We're Watching
- What We're Watching for tomorrow: FOMC Decision, Reddit IPO Pricing, Lagarde Speaks, Earnings
- 03/19/2024
|
Should You Buy the Reddit (RDDT) Stock IPO?
- Are you ready for what could be the year's biggest trading debut? Later this week Reddit will begin trading under the symbol RDDT on the New York Stock Exchange.
- 03/19/2024
|
Invest in what you know: Reddit moderator who saw meme-stock craze is buying into platform's IPO
- In 2008, Heather Lagaso was part of what she describes as an “exodus” of users from social-news website Digg to Reddit, which had been founded three years earlier. Fast-forward 16 years, and she is set to become a shareholder in Reddit's closely watched initial public offering.
- 03/19/2024
|
3 Short-Squeeze Stocks to Buy Before the Reddit IPO
- While waiting for the Reddit IPO to (likely) crash and burn based on massive oversubscription and limited prospects, some retail traders see the stock as a short-squeeze superstar in the making. Since so many expect the stock to suffer once it hits public markets, the thesis affirms that massive short selling from the outset will artificially suppress per-share pricing.
- 03/19/2024
|
Investors: ‘Be careful' with Reddit's NYSE debut, ex-CEO cautions
- Former New York Stock Exchange Chairman and CEO Dick Grasso looks ahead to Reddit's IPO valuation and the A.I. stock boom trajectory.
- 03/19/2024
|
Reddit faces Nokia patent complaint ahead of IPO
- Reddit is mulling a letter from Nokia which alleges the social media has infringed some of its patents ahead of its initial public offering (IPO) this week. This follows a Federal Trade Commission inquiry into Reddit's use of user-generated content to train artificial intelligence models, including through selling and licensing data to third parties.
- 03/19/2024
|
Astera Labs And Reddit Set To Debut As IPO Activity Remains Low For 2024
- Astera Labs And Reddit Set To Debut As IPO Activity Remains Low For 2024
- 03/19/2024
|
Reddit CEO Steve Huffman defends his $193 million compensation package
- Reddit CEO Steve Huffman discussed his compensation package in a video Q&A posted on the forum. The CEO's $193 million pay package includes a mix of salary and stock.
- 03/18/2024
|
Reddit's IPO could be a bellwether for other offerings this year, says Vanderbilt professor
- Reddit's impending IPO could a trailblazer for other public offerings in 2024, says Josh White, assistant professor of finance at Vanderbilt University.
- 03/18/2024
|
Astera Labs and Reddit Set to Debut as IPO Activity Remains Low for 2024
- The following research was contributed to by Christine Short, VP of Research at Wall Street Horizon. Last week we wrote about how M&A activity has been light so far for 2024, well the same holds for IPO activity.
- 03/18/2024
|
Is Reddit's IPO worth it? Social media site aims to go public 'out of necessity,' says finance expert
- Despite never having made a profit in its nearly 20-year history, Reddit, the site that bills itself as "the front page of the internet," is gearing up to go public, targeting a valuation of about $6.5 billion.
- 03/18/2024
|
Reddit IPO five times oversubscribed - reports
- Reddit's initial public offering (IPO) is reportedly as much as five times oversubscribed as the social media seeks out investors in search of a US$6.5 billion valuation. As per Reuters-cited sources, Reddit has been met with the interest ahead of plans to price the IPO this Wednesday.
- 03/18/2024
|
Why You Should Resist Reddit IPO's First-Day Price Pop FOMO
- Reddit — the money-losing social media platform — is going public March 20 and the shares are likely to rise sharply on the first day of trading. The reason?
- 03/18/2024
|
They're Reddit Die-Hards. Do They Want to Be Shareholders, Too?
- The social-media platform is offering IPO shares to users in an unusual pitch to individual investors.
- 03/18/2024
|
Reddit Is Going Public Soon. Here's Why That Could Be Good News for Investment Banks.
- After waiting a couple of years, social media company Reddit is going public on March 21 at a $6.5 billion valuation. Companies had put IPOs on hold until market conditions improved.
- 03/18/2024
|
Why I'm Avoiding The Reddit IPO
- Reddit's IPO approaches with an apparent overvaluation of $6 billion. The company does not make money, has a history of substantial losses, and has tremendous amounts of preferred equity in its capitalization. RDDT suffers from an inability to monetize at scale because most of its value comes from experiences that are necessarily free and long-established as such.
- 03/18/2024
|
Reddit's IPO as much as five times oversubscribed: report
- Reddit's upcoming initial public offering is reportedly four or five times oversubscribed as the social media platform seeks a $6.5 billion valuation from its stock market debut.
- 03/17/2024
|
Exclusive: Reddit's IPO as much as five times oversubscribed, sources say
- Reddit's initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the social media platform will attain the $6.5 billion valuation it seeks.
- 03/17/2024
|
Reddit IPO: Why the Social Media Stock Could Be a Hidden Artificial Intelligence (AI) Winner
- Reddit is set to start trading on March 21, and is seeking a valuation around $6.5 billion. The social media company is growing steadily, but is still unprofitable.
- 03/16/2024
|
Reddit reveals FTC inquiry into deals licensing its users' data for AI training
- Reddit said Friday that the Federal Trade Commission has opened an inquiry into the social media platform's sale, licensing or sharing of its users' posts and other content to outside organizations for use in training artificial intelligence models.
- 03/16/2024
|
Reddit: Unproven And Overvalued
- Reddit's heavy dependence on advertising revenue, history of unprofitability, and mismanagement make it a risky investment. The platform's strength lies in its community-powered recommendations, but advertising erodes its authenticity and utility. Reddit is looking to IPO at a valuation that would place it on the upper-end of Price/Sales ratios for social networks.
- 03/16/2024
|
Reddit: IPO Icebreaker
- Reddit: IPO Icebreaker
- 03/16/2024
|
U.S. IPO Weekly Recap: 7 New Filers Join The Pipeline As Reddit And Auna Launch
- U.S. IPO Weekly Recap: 7 New Filers Join The Pipeline As Reddit And Auna Launch
- 03/16/2024
|
Reddit IPO preview: Social media platform is set to go public, but it's still not profitable
- Reddit is gearing up to launch its IPO next week, eyeing a valuation of around $6 billion. While some are excited, others point to the fact that the social media site isn't profitable, posting net losses of $90 million in 2023.
- 03/15/2024
|
Reddit receives FTC inquiry on AI-related deals ahead of IPO
- Reddit said on Friday the U.S. Federal Trade Commission is conducting an inquiry focused on the company's sale, licensing and sharing of user-generated content with third parties to train artificial intelligence models.
- 03/15/2024
|
FTC investigating Reddit over AI data-licensing practices ahead of IPO
- Reddit said in an updated IPO prospectus on Friday that it's being investigated by the Federal Trade Commission for its data-licensing practices.
- 03/15/2024
|
Reddit could use this strategy to ‘monetize aggressively' following its IPO
- As Reddit makes the final preparations for its initial public offering, the social-media platform has plenty of ways to drive revenue and push toward profitability, according to Ido Caspi, a research analyst at Global X ETFs.
- 03/15/2024
|
Reddit readies for IPO: Heres what it means for capital markets
- CNBC's Deirdre Bosa joins 'The Exchange' to report on Reddit's IPO preparations, potential future company IPOs following a Reddit debut, and more.
- 03/14/2024
|
Reddit IPO risks 'big runup' followed by 'a drop' in the stock price, VC investor says
- As investors await the highly anticipated Reddit IPO, some are expressing concerns about the stock's potential performance. Headline Venture Partner Kamran Ansari joins Yahoo Finance Live to share his outlook on the IPO.
- 03/14/2024
|
Investors are watching Reddit IPO 'very closely': Raymond James' Sunaina Sinha Haldea
- Sunaina Sinha Haldea, Raymond James private capital advisory global head, joins 'Closing Bell Overtime' to talk the current IPO and dealmaking space as Reddit is on deck to go public.
- 03/13/2024
|
Reddit's Long, Rocky Road to an Initial Public Offering
- The site, a throwback to an earlier era of social media, is poised to go public as soon as next week. It hasn't been easy to reach this point.
- 03/13/2024
|
RDDT Stock IPO: 7 Things to Know Before the Reddit IPO
- Easily one of the hottest topics on Wall Street right now — besides artificial intelligence (AI) and cryptocurrencies — is the initial public offering of Reddit. A social news aggregator and online community network, Reddit (which will take the ticker “RDDT”) will likely attract eyeballs as a gauge for the health of the bull market.
- 03/12/2024
|
Reddit Launches Long-Awaited IPO With $748M Target
- Reddit disclosed further details of what is set to be one of the year's biggest IPOs, with the company and some existing shareholders seeking to raise as much as $748 million. Rainmaker Securities co-founder and Managing Director Greg Martin joins Ed Ludlow on "Bloomberg Technology.
- 03/12/2024
|
Reddit is the Highest Profile IPO This Year
- The Reddit IPO is the highest profile IPO so far this year, notes john Jannarone. He talks about how Reddit is still losing money but had over $800M in revenue last year.
- 03/12/2024
|
TechCrunch Minute: Reddit's IPO success may hinge on AI boom
- The long-running dearth of IPOs could be coming to a close, partly due to Reddit's upcoming public debut. Expected to list this month, Reddit saw its valuation soar during the pandemic.
- 03/12/2024
|
The Reddit IPO is coming
- Reddit's IPO is coming, making it the first major social platform in years to take the plunge into public markets. Reddit's initial stock price of $31 to $34 a share and valuation of up to $6.4 billion has been revealed in a new S-1 filing, as we find out more details about what's to come.
- 03/12/2024
|
There is something core to Reddit that is extremely powerful, says former Reddit CEO Ellen Pao
- Ellen Pao, former Reddit CEO and Project Include co-founder, joins 'Squawk Box' to discuss Reddit's upcoming IPO, the valuation of the company today, the comparison to X, news of a potential TikTok ban, and more.
- 03/12/2024
|
Reddit Needs to Be OK Being Reddit
- The niche social network can be valuable to advertisers, but spending needs to come down.
- 03/12/2024
|
Reddit aims to raise $500 mn in stock market debut
- Reddit plans to raise some $500 million with its initial public offering of shares, using the money to improve the platform and its money-making power, according to a regulatory filing on Monday.
- 03/12/2024
|
Reddit Aims For Valuation Up To $6.4B In IPO, Pricing Shares At $31 To $34
- Reddit is targeting a valuation of up to $6.4 billion as it gets for its initial public offering. The number is below the $10 billion level achieved by the company during a 2021 fundraising round, with the disparity reflecting increased expectations for tech company profitability.
- 03/11/2024
|
Y Combinator CEO Garry Tan: Reddit going public is a 'boon for all of tech'
- Garry Tan, Y Combinator CEO, joins 'Closing Bell Overtime' to talk the collapse of SIlicon Valley Bank one year later, the OpenAI board situation, Reddit's IPO and more.
- 03/11/2024
|
Reddit IPO: Analyst discusses $6.4B valuation, AI, and profitability challenges
- Social media giant Reddit is gearing up for its IPO planned for March 21. The company is looking to raise $748 million and is targeting a valuation of up to $6.4 billion, with prices per share ranging between $31 to $34.
- 03/11/2024
|
Reddit Recap & Oracle (ORCL) Earnings Released
- Reddit is seeking to raise as much as $784M with its IPO. Nicole Petallides and Kevin Green discuss this, along with Oracle's (ORCL) 3Q earnings which were just released.
- 03/11/2024
|
Here's why Plexo's Lo Toney is bullish on Reddit
- Lo Toney, Plexo Capital managing partner, joins 'Closing Bell' to discuss Reddit's IPO filing.
- 03/11/2024
|
Reddit IPO: Social Media Company Seeking Valuation Above $6 Billion
- A new filing for the Reddit IPO reveals the company is seeking a valuation north of $6 billion for its debut on the NYSE.
- 03/11/2024
|
Reddit's planned IPO share price seems high, unless you look at its AI revenue
- If investors agree to pay its high-end range, Reddit's valuation should hit around $5.4 billion.
- 03/11/2024
|
Reddit's IPO, Bitcoin's Rise, and SVB's Collapse
- Bloomberg's Caroline Hyde and Ed Ludlow break down the latest details on the Reddit IPO as the social media company looks to raise nearly $750 million and Bitcoin tops $72,000 for the first time. Plus, Vinod Khosla discusses the state of the VC ecosystem since the collapse of Silicon Valley Bank one year ago, and shares his thoughts on Elon Musk's OpenAI lawsuit.
- 03/11/2024
|
Want to Buy into the RDDT Stock IPO? Here's How the Reddit Directed Share Program Works.
- Plenty of interest is beginning to build around Reddit's upcoming initial public offering (IPO). The social media platform has officially put forward its corporate filing for its IPO, leading to outsized interest in what will soon be RDDT stock.
- 03/11/2024
|
Meme Stocks Madness: 3 Stocks Fueling the Reddit Crowd
- In 2021, meme stocks, led by GameStop (NYSE: GME ), created seismic shifts in the investment landscape. The retail trading frenzy turned a market underdog into a sensation through the power of Reddit's online communities.
- 03/11/2024
|
Reddit IPO targets 'aggressive valuation' to sell AI story: Strategist
- In Reddit's S-1 filing with the Securities and Exchange Commission (SEC), the social media platform revealed plans to raise $748 million and seeks an estimated valuation of $6.4 billion for its highly anticipated IPO debut. Rainmaker Securities Managing Director Greg Martin joins Yahoo Finance Live to discuss Reddit's recent moves to avoid becoming just another meme stock.
- 03/11/2024
|
Reddit aiming for $6.5B valuation in long-awaited IPO
- Social media platform Reddit is targeting a $6.5 billion valuation in its highly anticipated initial public offering (IPO), the company reported Monday.
- 03/11/2024
|
Reddit IPO Expected March 21st
- Reddit is preparing to go public via IPO. Kevin Green discusses this as Reddit is planning a sale of 22M shares for $31-$34 each.
- 03/11/2024
|
RDDT Stock IPO: When Does Reddit Go Public? What Is the Reddit IPO Price Range?
- Wall Street is astir over the upcoming Reddit initial public offering (IPO) in which the company will debut its already-selected “RDDT” ticker. So, what do you need to know about the RDDT stock launch?
- 03/11/2024
|
Reddit's long-awaited IPO is targeting a $6.4 billion valuation
- Reddit is targeting a $6.4 billion valuation for its IPO this year. The company is planning to sell 22 million shares, with a pricing range of $31 to $34.
- 03/11/2024
|
Reddit aims to raise nearly $750 million in upcoming IPO
- CNBC's Leslie Picker reports on news around Reddit's initial public offering.
- 03/11/2024
|
Reddit reveals IPO terms: Here's what to know
- CNBC's Leslie Picker joins 'Squawk on the Street' with the latest news from Reddit.
- 03/11/2024
|
Potential ‘meme stock' Reddit to raise ~$748M in IPO, to let Redditors sell shares immediately
- Reddit's IPO should be interesting to watch — and not just because the business remains unprofitable, but also because of how the company has chosen to bring in its community of active users and moderators into its public markets debut.
- 03/11/2024
|
Reddit Seeks to Raise $748 Million in Long-Awaited IPO
- Reddit and some existing shareholders are seeking to raise as much as $748 million in what could be one of the year's biggest initial public offerings. A filing Monday showed Reddit and the holders are planning to sell 22 million shares for $31 to $34 each.
- 03/11/2024
|
Reddit Aims for Valuation of Up to $6.4 Billion. How It Compares With Pinterest, Snap.
- Reddit will target a valuation of up to $6.4 billion in its U.S. initial public offering.
- 03/11/2024
|
Reddit chases $5.4bn valuation in upcoming IPO
- Social media platform Reddit Inc has priced its upcoming initial public offering in the US at between $31 and $34 per share. Reddit hopes to raise $748 million at the top end of this pricing range by issuing 22 million shares, representing 13.8% of Reddit's outstanding shares Hitting this target would give Reddit an approximate valuation of $5.4 billion at the top end of the share price target.
- 03/11/2024
|
Reddit launches IPO at a valuation of up to $5.5 billion
- Reddit Inc. on Monday said it plans to offer 22 million shares at a price range of $31 to $34 a share in the closely watched initial public offering for the social-media company.
- 03/11/2024
|
Reddit targets up to $6.4 bln valuation in much-awaited US IPO
- Reddit is aiming for a valuation of up to $6.4 billion in its U.S. initial public offering (IPO), the social media platform said on Monday, as it nears one of the most-anticipated stock market debuts of the last few years.
- 03/11/2024
|
Reddit to raise nearly $750 million in upcoming IPO
- Reddit aims to raise up to $748 million as part of its upcoming IPO, in which the social media company is seeking a valuation of about to $6.5 billion.
- 03/11/2024
|
Reddit aims to raise $748 mln in planned IPO, Bloomberg News says
- Media platform Reddit and its investors are seeking to raise as much as $748 million in its initial public offering, Bloomberg News reported on Sunday.
- 03/10/2024
|
Why Reddit's IPO could offer an ‘unprecedented' twist in meme-stock saga
- Reddit's looming initial public offering marks an extraordinary scenario: A company that played a part in the meme-stock phenomenon is sparking meme chatter in its own right.
- 03/09/2024
|
Why Reddit is ‘walking a tightrope' with its IPO
- Reddit's forthcoming IPO could put the social-media platform in a tricky position, according to Jon Keidan, founder and managing partner of venture fund Torch Capital.
- 03/09/2024
|
Reddit: Return Of The Profitless And Overvalued IPO
- Reddit's IPO valuation of $5 billion or higher is considered too high and reminiscent of unprofitable IPOs seen in 2021.
- 03/08/2024
|
Reddit: Why I Plan To Load Up The Truck On The IPO
- Reddit has filed for its IPO, aiming to become a publicly listed entity on the New York Stock Exchange.
- 03/08/2024
|
What to expect from Reddit as the social media company looks for investors pre-IPO
- Dan Gallagher, Wall Street Journal, joins 'Fast Money' to talk Reddit looking for investors pre-IPO.
- 03/08/2024
|
Reddit Seeks $6.5B Valuation in IPO
- Reddit is seeking a $6.5B valuation in IPO. Seema Shah discusses the report that Reddit is to launch a pre-IPO roadshow next week.
- 03/07/2024
|
Reddit: Return Of The Junk Stock IPO
- Reddit, (RDDT), should start trading as a newly public company sometime in March. At the reported valuation of $5 billion or higher, Reddit earns an Unattractive Stock Rating.
- 03/06/2024
|
Reddit stock could be WallStreetBets next target
- The long-awaited Reddit IPO could finally be upon us, with the company looking at a valuation as high as $6.5 billion, which would put its share in a target range between $31 and $34 under a ticker RDDT at the New York Stock Exchange.
- 03/06/2024
|
Will the Reddit IPO Be the Mother of All Short Squeezes?
- For the past two weeks, investors have been waiting for what promises to be the year's biggest initial public offering (IPO). On Feb. 22, 2024, the popular social media forum Reddit filed a prospectus with the U.S. Securities and Exchange Commission (SEC) seeking to go public.
- 03/05/2024
|
Reddit is finally going to IPO – here's what we know and don't know about the launch
- Offbeat social media institution Reddit will launch as an initial public offering (IPO) on the New York Stock Exchange (NYSE) soon, likely within the next month. It will be traded under the ticker RDDT.
- 03/04/2024
|
U.S. IPO Weekly Recap: Microcap Makes Volatile Debut To Close Out February
- U.S. IPO Weekly Recap: Microcap Makes Volatile Debut To Close Out February
- 03/02/2024
|
Reddit seeking a valuation of up to $6.5 billion in IPO
- Reddit is seeking a valuation of up to $6.5 billion for its upcoming IPO.
- 03/01/2024
|
Reddit eyes up to $6.5 billion valuation in IPO, WSJ reports
- Social media platform Reddit is eyeing a valuation of up to $6.5 billion in its initial public offering, the Wall Street Journal reported on Friday.
- 03/01/2024
|
Reddit Eyes Valuation of Up to $6.5 Billion in IPO
- The social-media company was valued much higher a few years ago.
- 03/01/2024
|
Reddit IPO: Can A New Social Media Stock Stand Out In Meta's World?
- Reddit's fate on the public markets may depend on whether it can hang with the tech giants that dominate digital advertising.
- 03/01/2024
|
No, Sam Altman doesn't actually own half a billion dollars of Reddit stock
- Reddit filed for an IPO, revealing nearly 10% of its shares are owned by entities related to Sam Altman. Many news outlets assumed Altman owned all $435 million in stock, but the fine print tells another story.
- 02/29/2024
|
Reddit should go public at $5 billion, according to secondary data
- If secondary buyers aren't buying shares at more than a $5 billion valuation, it wouldn't be wise for Reddit to price its IPO above that.
- 02/29/2024
|
Wait. Why is Reddit losing so much money?
- Reddit is going public. It lost nearly $91 million last year, the company said in its newly filed IPO documents.
- 02/27/2024
|
Reddit going public will 'force their hand' to learn to be profitable, says tastylive's Tom Sosnoff
- Tom Sosnoff, tastylive CEO, joins 'Squawk Box' to discuss Reddit's decision to go public, whether the company can be profitable, news that Reddit users will be allowed to participate in the listing through a directed share program, and more.
- 02/26/2024
|
Reddit CEO Steve Huffman: What to know
- Reddit co-founder and CEO Steve Huffman was thrust into the spotlight last week after the social media platform filed for its initial public offering.
- 02/26/2024
|
Equity Shot: All about the Reddit IPO!
- Listen here or wherever you get your podcasts. Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
- 02/24/2024
|
U.S. IPO Weekly Recap: Reddit And Astera Labs Join The IPO Pipeline In Short Week
- The first part of the body of the minutes focused on evidence regarding the current state of the economy, employment, and inflation. The most interesting part of the minutes related to how participants viewed the economy and the appropriate path for policy.
- 02/24/2024
|
Reddit's public debut could mean big bucks for OpenAI CEO Sam Altman
- Reddit's initial public offering filing reveals OpenAI CEO Sam Altman is the social media platform's third-largest shareholder, meaning he could net a fortune in its debut.
- 02/23/2024
|
4 Key Takeaways From Reddit's IPO Filing
- Reddit filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE) to trade under the symbol “RDDT" this week. The company first pursued going public in late 2021.
- 02/23/2024
|
A look at some of Sam Altman's investments beyond Reddit
- CNBC's Deirdre Bosa joins 'The Exchange' to report on Sam Altman's investments beyond Reddit, the likelihood of a Reddit IPO, and more.
- 02/23/2024
|
Reddit downplays risks of developer backlash, decentralized social media in its IPO filing
- Reddit's long-awaited IPO is nearing, promising to be the largest social media IPO since Pinterest.
- 02/23/2024
|
Reddit Is Moving Ahead With IPO After Two Years on Sidelines
- Reddit filed for an initial public offering, revealing the social media platform's shrinking losses and helping to propel a still-tenuous resurgence in US listings. EquityZen Head of Market Insight Brianne Lynch joins Caroline Hyde to discuss the company's popularity on the secondary market and what to expect from the IPO.
- 02/23/2024
|
Reddit cites r/WallStreetBets as a risk factor in its IPO filing
- As Reddit finally files to go public, the company wrote in its S-1 filing that “meme stock” schemes on r/WallStreetBets could pose a risk to investors. The subreddit r/WallStreetBets, a community of retail traders with 15 million members, describes itself as being “like 4chan found a Bloomberg Terminal.
- 02/23/2024
|
Why Reddit's IPO Is 12 Years Late To The Social Media Party
- It's been about 12 years since the giant social network Facebook went public. Next month, Reddit — a much smaller social network — plans to sell shares in an initial public offering.
- 02/23/2024
|
OpenAI's Sam Altman owns a 8.7% stake in Reddit
- Reddit's IPO filing — which sets up the social media platform for a late-March debut — revealed OpenAI CEO Sam Altman to be the site's third-largest shareholder, controlling an 8.7% stake. Yahoo Finance Live co-hosts Brad Smith and Seana Smith touch on the role artificial intelligence may have for the platform based on Altman's presence, as well as Reddit's profitability outlook.
- 02/23/2024
|
Social network Reddit's IPO is an 'AI play,' says Herb Greenberg
- Investors getting their first look at Reddit's financials noticed a focus on AI monetization in its IPO filing.
- 02/23/2024
|
Kantrowitz sees Reddit as ‘smaller, more volatile' Twitter following IPO announcement
- Reddit is in focus this morning after Alex Kantrowitz – the founder of “Big Technology” likened it to a “smaller, more volatile” Twitter. Reddit to list on the NYSE under ‘RDDT' His comment arrives a day after Reddit filed to list on the New York Stock Exchange under the ticker symbol “RDDT”.
- 02/23/2024
|
Reddit's 'Wild West' reputation isn't something that advertisers want: New York Times' Jim Stewart
- James Stewart, New York Times columnist, joins 'Squawk Box' to discuss Reddit's IPO decision, whether the company is ready to go public, Warner Bros. Discovery's quarterly earnings results, and more.
- 02/23/2024
|
Reddit is a 'smaller, more volatile' Twitter, says Big Technology's Alex Kantrowitz
- Alex Kantrowitz, Big Technology founder, joins 'Squawk Box' to discuss Reddit's decision to go public, the company's journey to IPO, Sam Altman's stake in the company, and more.
- 02/23/2024
|
Reddit files for biggest social media IPO since Pinterest
- Self-professed ‘Front Page of the Internet' Reddit has officially filed for an initial public offering in the US, with the debut tipped for March under ticker symbol RDDT. In an S-1 filing with the Securities and Exchange Commission, Reddit touted its vast network of 100,000-plus communities, 73 million active daily users and one billion cumulative posts.
- 02/23/2024
|
Reddit strikes $60M deal allowing Google to train AI models on its posts, unveils IPO plans
- Reddit has struck a deal with Google that allows the search giant to use posts from the online discussion site for training its artificial intelligence models and to improve services such as Google Search.
- 02/23/2024
|
OpenAI's Sam Altman is major Reddit backer as it files to go public on NYSE
- Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.
- 02/22/2024
|
Reddit warns its business could be damaged by another moderator revolt
- Last year, Reddit moderators protested against site changes that restricted third-party app access. Thousands of subreddits went private, locking the public from viewing popular forums.
- 02/22/2024
|
Reddit Files Files For IPO, Will List On NYSE Under Stock Symbol ‘RDDT'; CEO Touts “Conversation From The Sublime To The Ridiculous”
- Social media platform Reddit filed with the SEC today for an initial public offering, a move anticipated for years by the company, which was founded in 2005 by Steve Huffman, Alexis Ohanian and Aaron Swartz.
- 02/22/2024
|
Sam Altman secretly owned way more Reddit stock than we thought
- As Reddit prepares to go public, a new filing with the SEC has revealed its biggest backers. OpenAI's Sam Altman is the third-largest shareholder, the filing revealed.
- 02/22/2024
|
OpenAI CEO Sam Altman stands to net millions as Reddit goes public
- Sam Altman used Reddit every day for years before leading a $50 million round in the online discussion board company. Now Reddit sees ChatGPT as competition.
- 02/22/2024
|
Reddit says it's made $203M so far licensing its data
- Reddit's prospects as it barrels toward a stock market listing have a lot more to do with relationships with AI vendors such as OpenAI than one might expect. In its IPO prospectus filed today with the U.S.
- 02/22/2024
|
