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Reddit's IPO generated significant buzz in the business and finance world, with the stock soaring 48% on its first day of trading. The company's CEO saw a substantial increase in wealth, and analysts highlighted the need for heavy content moderation. Despite the initial success, $RDDT shares slid 48% on the second day of trading, raising questions about the company's future performance.
Reddit and Galderma signaled strong investor appetite for IPOs, but a broad revival may be "a couple of quarters away" https://t.co/VL2AOduNUL
Here’s how Reddit’s $RDDT first day compares to other similar companies https://t.co/4ROSvtOQ1I
"#Reddit’s journey to public markets marks a turning point for a fringe, free speech-oriented platform dominated by esoteric memes, sardonic humor, and gamers, as it transforms itself into a more mainstream discussion hub..." #ethics #internet #socialmedia #tech #business https://t.co/PJ78RgOIao