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Marketing & Content Leader🖊

Reddit and weep! Reddit, Inc. stock (RDDT) fell as much as 10% today, following yesterday's 48% soaring debut on the New York Stock Exchange, a potential signal that the IPO market may be back in business. Reddit initially priced its 22M share offering on March 21st at $34 for a $6.4B #valuation. With more than 47M shares exchanging hands, the stock closed at $50.44. Reddit has 19 years in business. It gained significant popularity during the 2021 GameStop and meme-stock frenzy when sub-Reddit WallStreetBets investors took on the Wall Street giants. According to a Seeking Alpha news report, "Wildly popular subreddits r/WallStreetBets and r/stocks are bearish on the stock and have expressed eagerness to short it, calling it a 'pump and dump scheme.'" With an average of 73M daily active users and ~1B cumulative posts, will Reddit continue to capture market share, or is it just another meme stock itself? Reddit, Inc. #stocks #IPO https://lnkd.in/eVwY-sn7

Reddit rockets as investors receive latest AI IPO (RDDT)

Reddit rockets as investors receive latest AI IPO (RDDT)

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