Reddit's stock surged over 170% since its 2021 IPO, with strong user and revenue growth.

Reddit's stock has surged by over 170% since its March 2021 IPO, with a market cap now over $24 billion. Third-quarter results showed a 68% revenue increase to over $348 million and a profit of $30 million. Daily active users rose by 47% to 97 million. Despite high valuations and a net loss of $555 million in the first nine months of 2024, experts see potential for long-term growth, advising a dollar-cost averaging approach for new investors.

November 23, 2024
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