Social media platform: Reddit share price jumps on stock market debut. Reddit and the previous shareholders received around $750 million from the IPO.
Experts had expected the stock to make a high entry. Reddit increased sales last year from 666.7 million to 804 million dollars (613.01 million to 739.25 million euros) The company aims to overcome a nearly 20-year history of continuous losses and build a sustainable business. In the last quarter, the platform had an average of 73.1 million daily users. About half of them came from the USA.