4:32pMicrosoft Corp. stock rises Friday, still underperforms market 4:32pApple Inc. stock outperforms competitors on strong trading day 4:30pMeta Platforms Inc. stock underperforms Friday when compared to competitors despite daily gains Home ...
OpenAI CEO Sam Altman is one of Reddit’s major shareholders along with Tencent and Advance Magazine Publishers, the parent company of publishing giant Condé Nast. Altman’s stake in the company was worth over $400 million before the stock began trading. Altman led a $50 million funding round...
The stock was quick to surpass $150 as soon as trading started, more than double Friday’s … Tech Chris Smith 4 years ago Reddit CEO calls TikTok ‘parasitic,’ sparking a truly insane discussion on – where else – Reddit It strikes me as a little ironic that, just one day after...
Reddit’s stock price nearly doubled in its first day as a public company. It ended trading at roughly $50, which means the business is valued at about $9.5 billion. That’s quite a pop from the $34 that Reddit priced its shares at going into the IPO. As a result, everyone who bo...
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ValuationReddit is trading at 11x revenues, a significant premium compared to peers, suggesting the stock may be overvalued. --- Financials Income Statement Balance Sheet Cash Flow Created with Highcharts 11.3.0EarningsProfit MarginRevenueEarningsProfit Margin20222023-300M0300M600M900M-30 %-25 %-20...
Tweet may have been deleted To be fair, the $34 share price valued Reddit at $6.4 billion, which is...a lot of money. Though, before the share actually hit the market,indications wereit could begin trading at around $50 per share. That was the case once the stock began trading in ...
In early 2021, stocks began behaving strangely. Retail investors, coordinating on internet platforms, decided to band together and coordinate their stock trades—chiefly, they plotted on Reddit. On the subreddit WallStreetBets, as well as on its sister channel on the messaging app Discord, investo...