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Reddit, after a successful public listing, faces the challenge of generating profits. The stock had a strong debut on the NYSE, sparking speculation about its potential as a meme stock. Investors have shown enthusiasm, bidding up the stock by 15% post-IPO despite hold ratings.
Reddit investors shrug off hold rating, bid up stock another 15% as post-IPO rally continues https://t.co/3HLu73Otsz
Reddit ignites meme stock resurgence, further signs of 'bull market in everything' https://t.co/OUIDZqadCf by @_JoshSchafer
1/ Massive congrats to the Reddit team last week on their IPO! Social internet bellwether, a 20 year success story. This article from Tomasz however sparked something: https://t.co/wWovGMWFU2
