2024 was a great year for Reddit. The company went public in March with a $6.4 billion valuation and reported its first quarterly profit in October. Shares have soared 230% since its IPO.
Reddit stock is worth $21.3 billion after today's run-up, and while the company doesn't have any net income yet, it did ...
Reddit has priced its initial public offering (IPO) at $34 per share, reaching the top of its initially expected price range and hitting its target valuation of $6.4 billion. According to the ...
So why is it losing so much money? Last year, according to Reddit's newly filed IPO documents, the company generated $804 million in revenue and lost nearly $91 million. That's better than the ...
The Reddit IPO will arguably go down as one of the most anticipated initial public offerings (IPOs) of 2024, and it did not disappoint. On Wednesday, March 20, the social media company priced its ...
However, it’s quite interesting that at least two insiders dumped large quantities of Reddit shares soon after the company’s IPO. Here’s the timeline. Reddit started trading under the symbol ...
Reddit IPO: Social-media stock makes roaring debut, closing up nearly 50% Machine translation is available in eight languages - French, Spanish, Italian, Portuguese, German, Swedish, Dutch and ...
Social media platform Reddit Inc. (ticker: RDDT) filed confidentially for its initial public offering in December 2021, and the delayed gratification seems to have built the buzz around the IPO to ...
On the bottom line, Reddit posted a net loss of $575.1 million, up from a net loss of $60.9 million in the year-ago period, primarily due to charges related to its initial public offering (IPO ...