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Reddit Stock Surges on 37% Jump in Users

·1 min


Reddit Stock Soars on Strong User Growth #

Social media platform Reddit saw an impressive surge in its stock price following the release of its first earnings report as a public company. The company reported a significant increase in its number of daily active users, surpassing analysts’ expectations. Revenue for the first quarter also showed improvement, although the company did incur some losses due to costs related to its initial public offering (IPO). Overall, Reddit’s strong user growth has made a positive impact on its stock performance.