The social media company’s debut on the New York Stock Exchange was one of the first major tech initial public offerings of the year.

Reddit shares opened up about 38 percent on Thursday in their first day of trading, in a sign of investor eagerness that set the stage for more tech companies to reach the stock market this year.

Archive link: Reddit Opens Up 38%, as Shares Begin Trading

  • bean
    OP
    46•3 months ago

    What tech?? And eagerness for more? This feels like it will become a pump and dump.

    Edit, addition: Why does The New York Times seem eager to suck Reddit’s dick. What the hell??

    • @Coach@lemmy.worldEnglish
      12•3 months ago

      It’s about to close even on the day. It pumped at open, then dumped until close. Should continue to dump for a while, so buy puts.

    • @DragonTypeWyvern
      4•3 months ago

      Spez sank the ship and now he’s trying to sell the cargo before people ask where, exactly, it is.