US75734B1008 - Common Stock
REDDIT INC-CL A
NYSE:RDDT (11/22/2024, 12:30:03 PM)
146.4
-11.62 (-7.35%)
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/
A Reddit Inc. shareholder is seeking to raise as much as $1.2 billion in a sale of 7.8 million shares, according to people familiar with the matter.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Pinterest (NYSE:PINS) and the best and worst performers in the social networking industry.
A great portfolio needs balance.
Reddit stock has been a top-performer among recent IPOs, surprising Wall Street with rapid user growth and strong ad sales.
What a fantastic six months it’s been for Reddit. Shares of the company have skyrocketed 118%, hitting $130.19. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
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