NYSE:RDDTInteractive Media and Services
Reddit (RDDT) Stock Jumps 116% Over Last Quarter
Reddit (RDDT) has recently been in the spotlight due to a class action lawsuit, which alleges misleading statements about user growth and revenue projections. Despite this legal challenge, the company's stock saw an impressive increase of 116% over the last quarter. Contributing to this positive market reaction was the company's strong second-quarter earnings report, which showed significant growth in sales and net income. Additionally, broader market trends, including potential interest rate...