Benzinga
What's Going On With Reddit Stock Today? - Reddit (NYSE:RDDT)
xCruzo Brief
Reddit (NYSE: RDDT) extended Thursday’s rally into Friday, building on gains sparked by CEO Steve Huffman’s comments at Goldman Sachs’ Communacopia + Technology Conference. While broader markets pulled back that day—Nasdaq down 0.82% and S&P 500 off 0.50%—Huffman outlined the company’s priorities for roughly the next 18 months: attracting more users and improving retention. He also shared engagement metrics, including that app installs not tied to a marketing source now run into the hundreds of thousands daily, and that users generated one billion new posts and comments combined over the prior quarter, about 4% of everything ever published on the site. Shares were up 0.19% to $155.64.
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