Previous close | 10.60 |
Open | 10.60 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 15.00 |
Expiry date | 2025-01-17 |
Day's range | 10.60 - 10.60 |
Contract range | N/A |
Volume | |
Open interest | 475 |
Reddit and Trump Media are the first notable social media companies to begin trading publicly in the last five years. Meme stocks are typically shares in companies whose underlying business fails to justify a surge in their price. The action is often driven by small investors who for some reason pile into a stock, be it belief that a struggling company can turn itself around, a disdain for so-called short sellers — or fidelity to a former president.
Reddit co-founder and CEO Steve Huffman says profits are in view as the tech company finally goes public.
Reddit debuted on the New York Stock Exchange on Thursday. The platform has been around since 2005, but it gained increased recognition during the meme frenzy in 2021.