Check out how the social discussion forum crushed analysts’ expectations in the third quarter. This subreddit’s purpose is to analyze, discuss, and participate in stock market related areas. If you are new to the markets, click here or see our resources in the sidebar. Additionally, see our quick guide on how to ask good questions and share quality content. Even if the stock market fails to recapture the Jobs with numbers glory it enjoyed during Donald Trump’s first term, history clearly points to long-term upside for equities. When Trump is inaugurated tomorrow, Jan. 20, he’ll inherit one of the priciest stock markets, spanning 154 years.

• The current rally appears more balanced than in prior years when the so-called Magnificent Seven largely dominated market performance and breadth.
• Since Reddit’s content is user-generated, there is guaranteed to be some bad input in there somewhere.
• Beyond that, shares will be distributed to Redditors and moderators via a formula that accounts for their measurable contributions to the discussion boards.
• During his first term, Trump provided unwitting hilarity for eavesdroppers across the Atlantic, U.K.
• Following each instance, the Dow Jones, S&P 500, and/or Nasdaq Composite shed 20% to 89% of their value.
• Such is their distaste for changes made in recent years, a search on the platform for chief executive Steve Huffman – username u/spez – shows that when Redditors mention him the comments are usually preceded by foul language.
• Last year, Reddit’s revenue increased 20% annually to reach $804 million.

Finance

Perhaps most significant of all is that Reddit’s filing with the US financial markets regulator, the Securities and Exchange Commission (SEC), notes its users as a potential risk that comes with owning shares in the company. A successful public offering could also establish a sustainable ownership structure for a company with a history of ownership changes and leadership controversies. It’s a major milestone for the nearly 20-year-old company, something Reddit has been preparing for since at least 2021, when it hired its first chief financial officer. It also marks the first social media company to go public in years, and its performance could be a signpost for other companies considering IPOs. Trading under the ticker “RDDT,” shares started trading at $47 and reached a high of $57.80 early Thursday afternoon, up as much as 70% from its initial price offering of $34. At its peak, shares of the stock had a market cap of about $10.9 billion.

Citi Notes Revenue Surge Due To Ad Growth

A Washington state woman has been charged in the fatal shooting of a U.S. Border Patrol agent in Vermont, which happened days after authorities began watching her and a German companion who also died in the roadside shootout, the FBI said Friday. Teresa Youngblut, 21, faces two weapons charges in connection with the death of Border Patrol Agent David Maland, 44, who died Monday during the shootout in Coventry, a small town about 20 miles (32 kilometers) from the Canadian border.

Reddit Surges After Earnings Beat: Time to Buy?

In this regard, Wong noted that Reddit’s AI translation efforts are key to its international expansion. The analysts also said that Reddit continues to be one of the top five most searched websites. Its “authentic and uniquely moderated (community What is uniswap system) content” will help the company stay on top of search results, ultimately resulting in more Reddit users creating accounts, the analysts wrote.

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That means Redditors and moderators will be able to sell their shares immediately if they wish. Almost any post related to the stock market and investments is welcome, including pre IPO news, futures & forex related to stocks, and geopolitical or corporate events indicating risks; outside this is offtopic and can be removed. The far more comprehensive measure of value for the stock market is the S&P 500’s Shiller P/E ratio, also referred to as the cyclically adjusted P/E (CAPE) ratio.

For long-term investors, the impressive earnings beat, promising guidance, and increasing institutional support position Reddit as an appealing growth candidate. However, those mindful of timing may prefer to wait for price stabilization and an RSI reset to lower levels. A brief pullback or consolidation could present a more attractive entry point, balancing potential rewards against short-term risks.

Reddit: Social media firm’s shares jump in stock market debut

Don’t hesitate to tell us about a ticker we should know about, market news, or financial education.Check out our WIKI that has beginner & advanced topics on both investing & trading. To build on this point, share repurchases for S&P 500 companies ballooned following the passage of Trump’s flagship Tax Cuts and Jobs Act (TCJA). On the other hand, Donald Trump’s efforts to lower personal and corporate income tax rates and reduce regulation in select sectors and industries bode well for stocks. A return to deregulation could foster a more lucrative merger and acquisition environment.

• Consequently, its loss for the first three quarters of 2024 came to $555 million versus $106 million in the year-ago period.
• Most investors know OpenAI for its artificial-intelligence (AI) chatbot ChatGPT and for its strong ties to Microsoft.
• “The big challenge, of course, is not just user growth, but the related monetization,” Kessler said.
• Fearing federal agents asking to search a Chicago elementary school Friday morning were from Immigration and Customs Enforcement, school officials denied them entry.
• It put 22 million of its shares up for sale and, in an unusual move, offered some of the shares to the platform’s users, although it has not been disclosed how many took up the offer.

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Most investors know OpenAI for its artificial-intelligence (AI) chatbot ChatGPT and for its strong ties to Microsoft. On May 16, OpenAI announced a partnership with Reddit, a company that just went public with an initial public offering (IPO) in March. It’s been a rough few years for the IPO market — and successful IPOs typically beget other successful listings. On the earnings call, Reddit COO Jen Wong said that the company licenses its user data to support advertising data analytics, as well as training large language models (LLMs) and other artificial intelligence systems. Reddit’s active user counts surged 51% higher in the U.S. and 44% higher in international markets. Average revenue per user (ARPU) increased by mid-teen percentages around the world.

The venture is expected to build data centers and create more than 100,000 jobs in the United States. With other equity backers, these companies have committed $100 billion for immediate deployment. Meanwhile, the remaining investment will occur over the next four years. “What we want to do is we want to keep it in this country. China is a competitor, could nikola be a millionaire and others are competitors… It’s technology and artificial intelligence all made in the USA”. On an initial retracement, investors should keep a close eye on the $75 level. This area on the chart could attract buying interest near the ascending triangle’s top trendline, which may have flipped from a location of prior resistance into future support.