Reddit (RDDT) is wearing its new popularity well. Shares of the social media platform exploded over 40% on Tuesday following the company’s first-ever profitable quarter. “I think we’re hitting a kind of an era of mainstream for Reddit,” Reddit co-founder and CEO Steve Huffman told Yahoo Finance (video above). “We finally made the product easy…
Topline Reddit reported an increase in third-quarter revenue that exceeded analyst expectations, sending the social media company’s stock soaring Wednesday toward its best day since going public in March, as analysts say the firm is benefitting from new search algorithms and other licensing deals. Analysts say the social media company benefitted from new search algorithms…
In This Story This week promises to be exceptionally busy, with a blend of financial updates and festive celebrations. Investors are bracing for a flurry of major earnings reports, providing a crucial snapshot of how various sectors are navigating the current economic landscape. McDonald’s is facing its first lawsuit from the Quarter Pounder E. coli…
China’s latest stock market rally has quickly turned retail investors’ mood across the country from extremely bearish to very bullish, as domestic social media fans a growing sentiment of FOMO – the fear of missing out – even though another round of volatility could be just down the road. That investor euphoria, aroused by the…