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Reddit Is Still Way Overpriced

07:14am, Saturday, 18'th May 2024
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 over
Here are some of the major companies whose stocks moved on the week's news.
Lo Toney, Plexo Capital managing partner, joins 'Closing Bell' to discuss Reddit partnering with OpenAi for its search and app.
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
Reddit Inc.'s deal with OpenAI likely reflects the scale of demand for the social media platform's data, according to Deutsche Bank.
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 i

Why Reddit Stock Soared Today

12:47pm, Friday, 17'th May 2024
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.
It was the week the meme-stock frenzy from 2021 returned with a vengeance — and it may all be over already.

Reddit (RDDT) Partners with OpenAI

12:26pm, Friday, 17'th May 2024
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.
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.
Reddit (RDDT) is set to benefit from an expanding partner base with the latest addition of Microsoft-backed OpenAI.

Reddit Stock Soars on OpenAI Deal

10:34am, Friday, 17'th May 2024
Reddit Inc (NYSE:RDDT) stock is soaring today, up 16.9% at $65.90 at last glance.
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
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.
Reddit is partnering up with OpenAI.
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