New York (AFP) - Shares of social media company Reddit soared nearly 50 percent on the New York Stock Exchange Thursday in a buoyant market debut that raised hopes about the IPO market. The company, which trades under the ticker RDDT, finished at $50.44, up 48.4 percent from its initial public offering price, lifting the valuation to around $8 billion. The hot trading debut came after the company's IPO priced at the upper end of the range, raising a bit more than $500 million. Market watchers were not sure what to expect from Thursday's start given Reddit's record of annual losses and skeptici...
AFP
San Francisco (AFP) - Reddit on Thursday told US stock regulators that it plans to go public on the New York Stock Exchange under the symbol "RDDT." Reddit did not provide details regarding the number or price of shares nor when the initial public offering would occur. This will be the first stock market debut of an online social network since Pinterest went public in 2019. Founded in 2005, the platform is home to more than 100,000 online communities devoted to a sweeping range of topics and was visited by an average of 76 million people daily in December, according to a filing with the Securi...
AFP
Washington (AFP) - Reddit, the online bulletin board at the center of the recent stock market frenzy, said Tuesday it had raised some $250 million at a valuation of $6 billion to fuel expansion of the service. With some 50 million daily users, Reddit remains one of the most visited websites, but has been eclipsed in recent years by rival social media platforms. Reddit, which hosts online chats about numerous topics and whose "subreddit" known as WallStreetBets sparked an upheaval on Wall Street, said it hopes to invest for growth and would be doubling its workforce. The California startup laun...
AFP
Kuala Lumpur (AFP) - Malaysian retail investors joined forces on social media and pushed up stocks of under-pressure rubber glove makers on Friday, taking inspiration from the recent GameStop trading phenomenon in the US. Shares of the US video game shop chain surged from less than $20 to a peak of $492 earlier this week, after millions of amateur investors active on online forum Reddit rallied together to punish short sellers by sending prices soaring. In short-selling, investors borrow stock, sell it and then buy it back at a lower price, keeping the difference. But if a stock unexpectedly...
AFP
San Francisco (AFP) - For some Reddit users, GameStop's dizzying rocket ride on Wall Street is a case of the masses rebelling against one-percenters hoarding the world's wealth. The social media-fueled movement has sent shares in the US video game retail chain soaring from less than $20 weeks ago to a peak of $492 on Thursday, dearly costing hedge funds that bet GameStop stock would tank. GameStop shares ended the formal trading day down some 44 percent as some cashed out. But they lifted off anew after-hours, after Tesla chief Elon Musk seemingly urged individual investors to punish hedge fun...
AFP
Los Angeles (AFP) - Reddit has acquired the Tik Tok-like app Dubsmash, both companies said Sunday, as big tech moves to carve out territory in the lucrative short-form video-sharing market. In a statement, Reddit said it had been drawn to Dubsmash -- which reports over a billion video views a month -- because of its commitment to diversity and promoting under-represented voices. "Both Reddit and Dubsmash share a deep rooted respect for how communities come together," Reddit CEO Steve Huffman said. "Dubsmash elevates under-represented creators, while Reddit fosters a sense of community and belo...
AFP
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら