Reddit's stock, trading under the ticker symbol $RDDT, has experienced a significant surge following its recent earnings report, with shares rising by 25%. This increase has propelled the value of Sam Altman's stake in the company to over $1 billion, as he holds 12.2 million shares. Additionally, Steven Newhouse has reportedly gained $1.5 billion from the rise in Reddit's share price. Analysts have noted that Reddit is now valued at nearly double that of its competitor, X, according to Fidelity's valuation. The strong performance has led to widespread enthusiasm among investors, with several commentators highlighting the impressive quarterly results and the company's growing prominence, as evidenced by Reddit being the sixth most Googled term in 2024.