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Loaded 0%. Reddit became synonymous with the meme stock rally of 2021. Now, its stock has become a meme itself. Reddit stock ( RDDT) popped more than 12% on Tuesday and has rallied more than 30% ...
The jump pushed the stock up at $63.64, within striking distance of the record closing price of $65.11 hit in late-March, putting the company on track to add $1.2 billion to its market capitalization.
Reddit will enter a new era as a publicly traded company with a market value of $6.4 billion after the social media platform's initial public offering was priced at $34 per share. The price ...
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The 2007–2008 financial crisis, or the global financial crisis ( GFC ), was the most severe worldwide economic crisis since the Great Depression. Predatory lending in the form of subprime mortgages targeting low-income homebuyers, [1] excessive risk-taking by global financial institutions, [2] a continuous buildup of toxic assets within banks ...
They went public the next day on the New York Stock Exchange at $47 per share and rose to $50.44 at market close on its first day of trading, reaching a market cap of $9.5 billion. [83] On May 16, 2024 it was announced that Reddit and OpenAI reached a deal that will allow the later access to the Reddit API to train its models, while the former ...
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