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Reddit opens at $47/share, surging 38% in NYSE debut

Reddit groups go silent in AI-linked fee clash
Source: Pixabay

Shares of Reddit opened at $47 on the New York Stock Exchange Thursday before vaulting even higher in a buoyant market debut.

Near 1720 GMT, Reddit shares stood at $56.60, up around 67 percent from their initial public offering price of $34. The social media company has expressed confidence in increasing advertising revenues, monetizing data from its users and greater international usage.



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Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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