Hedgeye Claims Reddit is ‘Grossly Overvalued’, Insiders Sell Shares After IPO
Reddit's stock has experienced significant volatility following its IPO.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
At the time of writing, Reddit shares were down 8.31% while DJT shares were down by over 26%.
Reddit's stock has experienced significant volatility following its IPO.
ARK Invest, led by Cathie Wood, recently made notable transactions involving Coinbase and Reddit.
With stagnant ARPU, can Reddit become a profitable company?
Reddit's planned IPO was met with overwhelming negativity from its users, who fear increased moderation and monetization will undermine the community-driven ethos.
The investor who held a $10 billion bearish bet against LUNA bought 450,000 MOON tokens, sending its price surging over 25%.
The latest Reddit Collectible Avatars rollout encounters mixed reactions.
Reddit's senior developer said the company has so far onboarded eight million users to wallets, thanks to effective user experience strategies.
Reddit's MOON tokens skyrocketed more than 73% after the platform's new terms of service were updated.
For the second time, Fidelity reduced its Reddit’s valuation in the Fidelity Blue Chip Growth Fund.
Ledger's ex-CEO stated his views on the recently launched feature in a Reddit post.
The new collection comes as Reddit has seen huge success with its earlier NFTs.
The founder of the (in)famous subreddit WallStreetBets is now suing Reddit itself.