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 ...

Core Insights - Reddit is experiencing technical issues leading to service outages, which began on Wednesday and continued into Thursday morning [1][2] - Downdetector reported over 45,000 complaints on Wednesday afternoon and nearly 70,000 reports by Thursday morning [1] - Reddit acknowledged the issues via social media, attributing them to a bug in a recent update and stated that a fix is being implemented [2] Performance Issues - The degraded performance was still being reported on Redditstatus as of 11 a.m. ET on Thursday [3] - Users experienced intermittent outages on the web, while the app appeared to function normally during some tests [1]

Core Insights - Reddit experienced significant outages affecting tens of thousands of users, attributed to a bug in a recent update [1][2][3] Group 1: Outage Details - Over 76,000 users reported issues on Down Detector, with approximately half facing problems with the app and the other half with the website [2] - The outages occurred on both Wednesday evening and Thursday morning, with peak reports of over 47,000 users on Wednesday [3] Group 2: Company Response - Reddit acknowledged the issue on X, stating they were investigating the problem and confirmed that the update caused instability [2][3] - The company implemented a fix for the outage on Wednesday and confirmed the problem was resolved by 11 p.m. EST [3]

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 ...

Michael Seibel, a director at Reddit, Inc. (NYSE: RDDT), recently sold a substantial portion of his holdings, as disclosed in a filing with the U.S. Securities and Exchange Commission (SEC). On November 1, 2024, Seibel offloaded a total of 82,819 shares of Reddit’s Class A Common Stock across several transactions, generating approximately $9.22 million in proceeds.Form 4 filing detailing Michael Seibel’s sale of Reddit stock. Source: SECThe transactions included the sale of 27,897 shares at $111.26 per shar ...