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Reddit’s stock has soared 170% since the IPO. Here’s why the honeymoon may now be over. – Vested Daily

Reddit’s stock has soared 170% since the IPO. Here’s why the honeymoon may now be over.

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Reddit Inc.’s stock has enjoyed significant gains since the social-media company’s initial public offering a year ago, buoyed by strong user growth, but an analyst at Redburn Atlantic worries that Google’s algorithm could turn against Reddit at any time.

The stock

RDDT has surged 171% percent since making a roaring debut on March 21, 2024.

This post was originally published on Market Watch

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