Investors have upvoted Reddit in droves.

Reddit stock is slated to start trading on the New York Stock Exchange Thursday after the IPO priced at $34 a share — at the top of its expected initial price range — as investors showed enthusiasm for a social media company that has ambitious expansion plans but has never been profitable.

Valued at around $6.4 billion, Reddit is trading under the ticker symbol RDDT. The IPO is being viewed as a test of investor appetite for a social media company in an era where artificial intelligence is all the rage in the technology industry.

  • ThuleanPerspective2@eviltoast.org
    link
    fedilink
    English
    arrow-up
    1
    ·
    9 months ago

    SNEED’S CHUCK’S FOR FREE SEETHE JANNY FLOYD CITY SLICKER COPE CITY SLICKER SNEED I CAN’T FOR FREE COPE AND CHUCK’S CHUCK SEED CHUCK SUCK FEED CITY SLICKER JANNIES DILATE FLOYD CLEAN IT UP SNEED’S CLEAN IT UP FEED CHUCK JANNY FLOYD FOR FREE HOT POCKETS ON LEMMY ON LEMMY SEETHE FOR FREE CITY SLICKER JANNIES JANNIES JANNY I CAN’T ON LEMMY SNEED’S CHUCK SEETHE FUCK FLOYD FEED I CAN’T