Reddit, Inc. (RDDT)
Reddit, Inc. is a social media platform and online community where users can share, discuss, and vote on a wide variety of content, including news, entertainment, and personal interests. Founded in 2005, Reddit is organized into user-created "subreddits" that cover virtually every topic imaginable, fostering active and diverse online discussions.
Company News
Reddit's stock surged to a new 52-week high of $266.64, driven by strong Q2 2025 financial results showing 78% revenue growth, profitability, and expanding user base. The company's advertising and AI data licensing strategies are attracting significant investor interest.
The article discusses two technology stocks, Reddit and Snowflake, as potential high-growth investments driven by AI and data analytics trends. Both companies show strong revenue growth, innovative capabilities, and promising market opportunities in the expanding digital landscape.
A class action lawsuit has been filed against Reddit alleging false statements about user traffic and advertising revenues, primarily due to Google Search's AI features disrupting Reddit's traffic and stock performance.
Several large-cap companies, including XPeng, Reddit, and Micron Technology, were among the top 10 losers last week. The article discusses the reasons behind the stock price declines for these companies.
