Category: Reddit
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Reddit has nearly tripled in recent months, and one major hedge fund made a $1 billion bet last quarter as it soared
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Nyse: rddt Coature Management has revealed a billion dollar Reddit share as of the fourth quarter. Reddit Stock has been rupture, almost three times since October amid strong profits. The hedge fund also revealed a decrease in Chinese stocks and new positions in many technology names. The wager of the…
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Why Reddit Stock Crushed It in December
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Several positive analyst moves have increased the strength of the wind Reddit‘s (NYSE: RD) The stock price rose significantly in the last month of 2024. December saw shares of the already hot social media company rise more than 16%, cementing its position as one of the best performing games of…
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Fingerprints, Ballistics, Reddit Writings: Latest in CEO Murder
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Breadcrumb Trail Links PMN Business Luigi Mangione’s arrest this week over the fatal shooting of UnitedHealth Group Inc. executive Brian Thompson in Manhattan has failed to fill in some key details of the shocking killing that has gripped the US. Author of the article: Bloomberg News David Voreacos, Patricia Hurtado…
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Advance Plans to Borrow Against $1.2 Billion Reddit Stake
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(Bloomberg) — A Reddit Inc. shareholder is seeking… to establish credit facilities using an ownership stake in the company, according to a person familiar with the matter. Most read from Bloomberg Advance Magazine Publishers Inc., the arm of the Newhouse family’s publishing empire that owns Conde Nast, is offering 7.8…
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These Meme Coins Skyrocket Triple Digit as ‘Roaring Kitty’ Returned to Reddit
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Keith Gill, known online as “Roaring Kitty,” posted on Reddit that he owns $181.4 million worth of GameStop (GME) stock and call options. Following his post on Reddit, GME, ROAR, and KITTY meme coins rose 315%, 660%, and 477%, respectively. GameStop Meme Coin Rally generation mail, titled “GME YOLO UPDATE…
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Reddit Stock Soars Following OpenAI Partnership Announcement
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Reddit and OpenAI, creator of the ChatGPT AI chatbot, have announced a partnership to benefit Reddit and OpenAI’s user communities in various ways. according to Data From Google Finance, Reddit stock saw a 13% spike in after-hours trading immediately after the announcement. Reddit and OpenAI partnership On May 16, Reddit…
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Reddit Stock Soars Following OpenAI Partnership Announcement
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Reddit and OpenAI, creator of the ChatGPT AI chatbot, have announced a partnership to benefit Reddit and OpenAI’s user communities in various ways. according to Data From Google Finance, Reddit stock saw a 13% spike in after-hours trading immediately after the announcement. Reddit and OpenAI partnership On May 16, Reddit…
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Reddit Shares Surge Following OpenAI ChatGPT Partnership
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Reddit shares rose more than 10% after announcing a partnership deal with artificial intelligence startup OpenAI. This agreement gives OpenAI access to Reddit content while bringing AI-powered features to the social media platform. This partnership underscores Reddit’s strategic move to diversify its revenue streams beyond traditional advertising. By leveraging artificial…