One of the hottest tech stocks cruising atop the market these days is Reddit (RDDT -7.18%). The company has seen its share price balloon by over 170% since its March initial public offering (IPO), with much of that rise coming after its late-October earnings release.The stock's momentum has pushed it to a market cap of over $24 billion. Such an advancement is reminiscent of the (admittedly far more long-term) rise of mighty Apple (AAPL 0.59%). Yes, Apple is a nearly $3.5 trillion company these days, but if ...

The run-up in the stock price has dramatically increased its valuation, leaving investors to question whether they are too late.The forums on Reddit (RDDT -7.18%) have made it one of the sensations of the social media world in recent years. Many of the forums provide information and help users answer questions, making them an excellent resource.The company capitalized on this popularity when it launched its initial public offering (IPO) in March. Since then, Reddit stock has risen by more than 150%. Unfortu ...

Key TakeawaysReddit shares sank Friday on a report Advance Magazine Publishers planned to borrow against its stake in the social media platform.Regulatory filings also disclosed Chinese conglomerate Tencent Holdings sold shares.Other recent filings show that company insiders like CEO Steve Huffman have also sold shares. Reddit (RDDT) stock sank Friday on a report Advance Magazine Publishers planned to borrow against its stake in the social media platform and regulatory filings disclosed Chinese conglomerate ...

Reddit (NYSE: RDDT) has faced considerable volatility since its IPO in March 2024, fueled by its “meme stock” status. However, it has recently surged nearly 240% year-to-date, capturing significant investor attention.The stock has captured the spotlight once again after Piper Sandler analyst Thomas Champion raised the company’s price target from $115 to $150, driven by robust advertising metrics and accelerating user growth in October.Notably, Reddit’s stock has already surpassed the updated price target, c ...

Reddit has acknowledged on social media that technical issues appear to be causing the popular message board service to suffer some outages. The problems appeared to have begun on Wednesday and were still affecting the site and app as of Thursday morning.The site Downdetector showed a spike of more than 45,000 complaints on Wednesday afternoon and then an even bigger spike of nearly 70,000 reports around 9 a.m. ET Thursday morning. (Downdetector is owned by the same parent company as CNET, Ziff Davis.)In ou ...

ToplineReddit struggled with a second day of usage problems, with tens of thousands of users reporting a Reddit outage on Thursday morning after the company acknowledged a bug in a recent update caused an outage Wednesday evening.Reddit faced outages both Wednesday evening and Thursday morning. (Photo by Jakub Porzycki/NurPhoto ... [+] via Getty Images)NurPhoto via Getty Images Key FactsUsers began reporting Reddit outages just before 10 a.m. EST, according to Down Detector. More than 76,000 users logged r ...

Social media platform Reddit experienced an outage this afternoon at around 12:20 p.m. PT (or possibly even earlier), resulting in thousands of users being unable to access its website and app. After four hours, it appears to be working again. Reddit confirmed it fixed the issue and is monitoring the results, according to its status page. We discovered the outage ourselves when attempting to visit the homepage, which displayed a black screen with the message: “Upstream connect error or disconnect/reset bef ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Reddit Inc. (RDDT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Reddit Inc. currently has an a ...

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Reddit (RDDT) shares have surged 167.3% in the year-to-date period compared with the broader Zacks Computer & Technology sector’s appreciation of 30%.RDDT shares have also outperformed the Zacks Internet Software industry and its peer Snap (SNAP) over the same time frame.While Snap shares have plummeted 29% year to date, the industry has appreciated 29.8%.Reddit’s robust stock price performance has been driven by its impressive third-quarter 2024 results.YTD PerformanceImage Source: Zacks Investment Researc ...