Reddit Stock Surges Nearly 40% Toward Best Day Ever After Revenue Beats Estimates
RDDTReddit(RDDT) Forbes·2024-10-31 00:37

Topline Reddit reported an increase in third-quarter revenue that exceeded analyst expectations, sending the social media company's stock soaring Wednesday toward its best day since going public in March, as analysts say the firm is benefitting from new search algorithms and other licensing deals. Analysts say the social media company benefitted from new search algorithms and other licensing ... [+] deals. SOPA Images/LightRocket via Getty Images Key Facts Shares of Reddit increased by more than 38% to over ...