US75734B1008 - Common Stock
REDDIT INC-CL A
NYSE:RDDT (10/29/2024, 6:28:06 PM)
After market: 100.6 +18.86 (+23.07%)81.74
+2.06 (+2.59%)
Reddit is an online platform that enables users to submit links, create content, and have discussions about the topics of their interest. The company is headquartered in San Francisco, California and currently employs 2,013 full-time employees. The company went IPO on 2024-03-21. The firm operates mobile applications and a Website that allows users to form communities and create and share content. Reddit is focused on bringing community, belonging, and empowerment to everyone in the world. Reddit is a global, digital city where anyone in the world can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs, and find belonging. Reddit has thousands of communities, endless conversation, and authentic human connections. Reddit offers real-time access to evolving and dynamic topics, such as sports, movies, news, fashion, and the latest trends.
REDDIT INC-CL A
303 2Nd Street, South Tower, 5Th Floor
San Francisco CALIFORNIA
P: 14154948016
Employees: 2013
Website: https://www.redditinc.com/
The regular session of the US market on Tuesday is now over, but let's get a preview of the after-hours session and explore the top gainers and losers driving the post-market movements.
Reddit stock jumped late Tuesday, after the social media company reported third quarter earnings and sales that exceeded expectations.
Reddit Inc. shares surged more than 16% after beating sales expectations for the third quarter and projecting a strong holiday season, pushing the stock to an all-time high as the newly public company continues to see its investments in advertising technology pay off.
Earnings are due for Snap stock and Reddit as the social media players look to gain ground on their much larger rival Meta.
Reddit Inc. shares have been on a tear since going public earlier this year, and the social-media company’s unique place in the artificial intelligence landscape will dictate whether the rally continues.
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