Reddit: Social media firm’s shares jump in stock market debut
On Wednesday, the stock tumbled again in line with the broader sell-off, losing 9.3% as growth stocks like Reddit are especially sensitive to rising interest rates and broader forex broker listing threats to the economy. Meanwhile, Ronald Josey of Citigroup enacted a drastic price target raise on Reddit to $200 per share from his preceding $120. As that price level matches that of Morgan Stanley’s Nowak, Josey also rates Reddit a buy. This means Reddit shares are more reasonably priced now compared to a few months ago. The most serious place on Reddit for Stock related discussions! Don’t hesitate to tell us about a ticker we should know about, market news, or financial education.Check out our WIKI that has beginner & advanced topics on both investing & trading. Beyond that, shares will be distributed to Redditors and moderators via a formula that accounts for their measurable contributions to the discussion boards. How to open a brokerage account That’s why it turned profitable on a generally accepted accounting principles (GAAP) basis in the second half of 2024. People do not pay to use Reddit – the website is completely free for people to browse, post and comment. If a company is going to perform well, it will before or after a split. It also offers ad-free browsing and other VIP perks through its Reddit Premium subscription tier. Over the past year, Reddit’s ROE has steadily improved, finally reaching positive territory in 2025. If the trend continues, investing in the company could lead to increasing shareholder returns over time, thanks to Reddit’s efficient money-making abilities. But then the macroeconomic picture became murky, with President Donald Trump’s tariff policies adding to fears about the economy. It’s using artificial intelligence (AI) to translate its extensive English-language community content into other languages. This initiative propelled Brazil’s DAUq growth to a record 80% in Q1. Reddit’s excellent revenue expansion and cost management in Q1 led to net income of $26.2 million and free cash flow of $126.6 million, which it can employ for business growth. Moreover, Reddit management is controlling business costs with exceptional skill, resulting in an astonishingly high Q1 gross margin of 90.5%. Also, somewhat atypically for a tech stock, Reddit has been profitable lately. It booked a generally accepted accounting principles (GAAP) net income of just under $30 million in its most recently reported frame, following two straight quarters of losses. Views expressed are as of the date indicated, based on the information available at that time, and may change based on market or other conditions. Unless otherwise noted, the opinions provided are those of the speaker or author and not necessarily those of Fidelity Investments or its affiliates. Existing shareholders were also given six additional shares for each share they owned prior to the stock split. So, an investor who owned 1,000 shares of AAPL before the stock split had 7,000 shares after the stock split. Reddit’s revenue growth trajectory has been particularly impressive, with the company managing to increase this rate in each of the three quarters in 2024 reported thus far (at 48%, 54%, and 68%, sequentially). The count of daily average “uniques” (read “users”), an important operational metric, continued to rise at rates well in the double-digit percentages. For instance, when you first invested, you might have split investments into 60% stocks and 40% bonds. But due to market fluctuations, you might now have 75% of your money in stock investments with bonds at 25%. We and our partners process data to provide: The social media platform received pretty dim coverage from Wall Street analysts. After shuttering for Memorial Day, it will be business as usual on Wall Street until mid-June. The next scheduled stock market closure is on Thursday, June 19 in observance of Juneteenth. It put 22 million of its shares up for sale and, in an unusual move, offered some of the shares to the platform’s users, although it has not been disclosed how many took up the offer. Social media site Reddit’s shares have closed 48% higher on the company’s first day of trading on the New York Stock Exchange. This subreddit’s purpose is to analyze, discuss, and participate in stock market related areas. Please search before posting to help us cut down on repetitive posts. If you are new to the markets, click here or see our resources in the sidebar. Additionally, see our quick guide on how to ask good questions and share quality content. Seed Price Any posts asking for a review or critique of their portfolio should be posted in the quarterly portfolio thread stickied at the top of r/StockMarket. Its average selling price (using about 15 samples) is 20,300 sheckles with average sized crops. Considerations could also include whether the company offers account features you like and will use, responsive customer service, how easy it is to navigate its website and/or app, and how much it charges in commissions and fees. Analysts may ask CEO Jensen Huang about sales to China after the Trump administration earlier this year imposed tighter export controls. savings accounts with interest rates of 4% APY and higher (updated weekly) If you are harassing someone, you will be permanently and immediately banned and reported to Reddit admins. This month, the Roundhill Magnificent 7 ETF (MAGS) is up more than 13%, while the Nasdaq 100-tracking Invesco QQQ Trust (QQQ) is up 9.8%. According to recent reports, X is looking to raise capital by selling stakes valuing the company at $44 billion — the same price that Tesla CEO Elon Musk acquired the business at in 2022. When a company’s share price increases to a nominal level that may make some investors uncomfortable or is beyond the share prices of similar companies in the same sector, the company’s board may decide on a stock split. A stock split can make the shares seem more affordable, even though the underlying value of the company has not changed. After a split, the stock price will be reduced (because the number