Reddit stock skyrockets on surprising profit and revenue growth: A major comeback for the social media platform

Reddit stock skyrockets on surprising profit and revenue growth: A major comeback for the social media platform

Reddit’s stock (RDDT) saw a significant surge of 25% after the company announced its third-quarter results for 2024, revealing not only profitability for the first time in twenty years but also robust revenue growth that exceeded analyst expectations. The social media platform, which went public earlier this year, has demonstrated impressive financial strength and strategic […]