
Instant Reaction: Reddit Starts Trading on NYSE
Bloomberg Daybreak: US Edition
00:00
Reddit's Trading Performance on NYSE and Valuation Comparisons with Other Social Media Companies
The chapter explores Reddit's trading performance on the NYSE, reflecting on the IPO process, shareholder sentiments, and potential fundraising outcomes. It delves into Reddit's valuation in comparison to social media giants like Snap, Pinterest, and Meta, discussing pricing, growth potential, and Silicon Valley's buzz around the company. The conversation also covers Reddit's history, data licensing, ad sales strategies, and the platform's evolution from controversial content to a more mainstream image.
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