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.

3 Things You Have to Know About Reddit's IPO

05:41pm, Tuesday, 26'th Mar 2024
A "successful" IPO doesn't mean the stock will go up forever.
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 a
Reddit's post-IPO rally continues, despite the company receiving a hold rating from a prominent analyst.

5 Investors Betting Big on Reddit (RDDT) Stock

03:00pm, Tuesday, 26'th Mar 2024
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.
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
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.
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 assume
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
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.
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.

Cramer's Mad Dash: Reddit

09:49am, Tuesday, 26'th Mar 2024
CNBC's Jim Cramer delivers his daily Mad Dash.
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
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?
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.
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