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Reddit stock slated to start trading on NYSE (www.npr.org)

submitted 1 year ago by pelespirit@sh.itjust.works to c/usa@lemmy.ml

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Investors have upvoted Reddit in droves.

Reddit stock is slated to start trading on the New York Stock Exchange Thursday after the IPO priced at $34 a share — at the top of its expected initial price range — as investors showed enthusiasm for a social media company that has ambitious expansion plans but has never been profitable.

Valued at around $6.4 billion, Reddit is trading under the ticker symbol RDDT. The IPO is being viewed as a test of investor appetite for a social media company in an era where artificial intelligence is all the rage in the technology industry.

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[–] Shdwdrgn@mander.xyz 2 points 1 year ago

Joined 46 minutes ago, 1.2k comments. Can you imagine being so childish that they actually think anyone cares about their stupid bot beyond the brief instant it takes to block them? Hopefully one good thing though, it would be nice if something like this spurs a developer to set up a community-driven pool of auto-blocks for the fediverse.