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RDDT Reddit
Market Closed 11-22 16:00:00 EST
146.67
-11.35
-7.18%
盘后
146.97
+0.30
+0.20%
19:59 EST
High
149.00
Low
142.91
Vol
18.67M
Open
145.41
D1 Closing
158.02
Amplitude
3.85%
Mkt Cap
25.75B
Tradable Cap
9.79B
Total Shares
175.58M
T/O
2.73B
T/O Rate
27.97%
Tradable Shares
66.73M
P/B
--
ROE
--
EPS
0.00
52wk High
--
52wk Low
--
P/E
--
Dividend
--
Div.Yield
--
ROA
--
Time
5D
D
W
M
News
New Post(s)
Profile
Will Reddit Be Worth More Than Apple by 2030?
Motley Fool · 11-23 23:41
Will Reddit Be Worth More Than Apple by 2030?
Is Reddit Stock Still a Buy?
Motley Fool · 11-23 17:44
Is Reddit Stock Still a Buy?
Post-Bell|Dow Closes at Record High; Tesla Rises 4%; Nvidia Falls 3%; MicroStrategy Jumps 6%; SMCI Gains 12%
Tiger Newspress · 11-23 08:22
Post-Bell|Dow Closes at Record High; Tesla Rises 4%; Nvidia Falls 3%; MicroStrategy Jumps 6%; SMCI Gains 12%
Form 4 | Advance Magazine Publishers Inc. Director and 10% Owner sold 10,000,000 shares of Reddit.
SEC Track · 11-23 07:00
Form 4 | Advance Magazine Publishers Inc. Director and 10% Owner sold 10,000,000 shares of Reddit.
Sector Update: Tech Stocks Mixed Late Afternoon
MT Newswires Live · 11-23 04:38
Sector Update: Tech Stocks Mixed Late Afternoon
Why Reddit (RDDT) Stock Is Down Today
StockStory · 11-23 04:20
Why Reddit (RDDT) Stock Is Down Today
Sector Update: Tech Stocks Mixed Friday Afternoon
MT Newswires Live · 11-23 02:51
Sector Update: Tech Stocks Mixed Friday Afternoon
Top Midday Decliners
MT Newswires · 11-23 02:37
Top Midday Decliners
Reddit Slides On Report Advance Plans To Borrow Against Stake In Hot Social Media Stock
Blockhead · 11-23 02:24
Reddit Slides On Report Advance Plans To Borrow Against Stake In Hot Social Media Stock
Reddit Stock Drops as Advance Reportedly Plans To Borrow Against Stake
Investopedia · 11-23 01:15
Reddit Stock Drops as Advance Reportedly Plans To Borrow Against Stake
Market Chatter: Reddit Shareholder Seeking to Use $1.2 Billion Stake for Credit Facility
MT Newswires Live · 11-22 23:23
Market Chatter: Reddit Shareholder Seeking to Use $1.2 Billion Stake for Credit Facility
Reddit falls -7.3%
TIPRANKS · 11-22 22:50
Reddit falls -7.3%
Reddit Stock Nosedives After $1.2B Stake Sale Announcement--What's Next?
GuruFocus.com · 11-22 22:33
Reddit Stock Nosedives After $1.2B Stake Sale Announcement--What's Next?
Stock Track | Reddit Stock Plummets 8% as Major Shareholder Seeks $1.2 Billion Credit Facility
Stock Track · 11-22 22:32
Stock Track | Reddit Stock Plummets 8% as Major Shareholder Seeks $1.2 Billion Credit Facility
Advance offering 7.8M Reddit shares at $145.38-$148.54, Bloomberg says
TIPRANKS · 11-22 22:20
Advance offering 7.8M Reddit shares at $145.38-$148.54, Bloomberg says
Intuit's Q1 Earnings Surpass Estimates, Revenues Rise Y/Y
Zacks · 11-22 22:08
Intuit's Q1 Earnings Surpass Estimates, Revenues Rise Y/Y
BUZZ-Reddit retreats from record after Tencent reveals share sales
Reuters · 11-22 21:07
BUZZ-Reddit retreats from record after Tencent reveals share sales
Pre-Bell|U.S. Futures Mixed; Gap Jumps 16%; Elastic Surges 28%; Alibaba Drops 2%; Reddit Sinks 7%
Tiger Newspress · 11-22 20:53
Pre-Bell|U.S. Futures Mixed; Gap Jumps 16%; Elastic Surges 28%; Alibaba Drops 2%; Reddit Sinks 7%
Reddit Share Sale Plan Sparks Fear Among Retail Investors
GuruFocus.com · 11-22 20:52
Reddit Share Sale Plan Sparks Fear Among Retail Investors
S&P 500 Futures Decline In Premarket Trading; Elastic, Gap Inc Lead
Dow Jones · 11-22 20:30
S&P 500 Futures Decline In Premarket Trading; Elastic, Gap Inc Lead
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Introduction
Company Name.
Reddit
Affiliated Markets:
NYSE
Listing Date:
--
Main Business:
Issue price:
--
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shares.","market":"us","thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F798442%2Fhappy-person-using-headphones-and-a-phone-while-lying-on-a-couch.jpg&op=resize&w=165&h=104","type":0,"news_type":0,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F798442%2Fhappy-person-using-headphones-and-a-phone-while-lying-on-a-couch.jpg&op=resize&w=165&h=104"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://www.fool.com/investing/2024/11/23/will-reddit-be-worth-more-than-apple-by-2030/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"fool_stock","symbols":["LU1201861165.SGD","LU0353189680.USD","LU0106261372.USD","LU0444973449.USD","IE00BJTD4N35.SGD","SG9999015986.USD","LU2236285917.USD","LU1934455863.HKD","BK4527","LU1880398471.USD","LU1699723380.USD","LU0267386448.USD","LU2491050154.USD","LU1235294995.USD","LU1084165304.USD","IE0034235188.USD","LU1267930227.SGD","IE00BJTD4V19.USD","BK4532","LU2237443622.USD","LU0553294199.USD","GB00BDT5M118.USD","LU0345769631.USD","LU0345770993.USD","BK4566","BK4585","LU2098885051.SGD","IE000ITXATA3.USD","LU1551013425.SGD","LU0342679015.USD","LU0545039389.USD","RDDT","GOOGL","SG9999014542.SGD","AAPL","LU0251131958.USD","LU0096364046.USD","LU0130103400.USD","IE000YTNTUN2.SGD","IE00BLSP4452.SGD","LU1935043023.USD","LU2552382058.USD","LU1951200564.SGD","LU2065171311.SGD","LU2430703095.HKD","IE0009G5SDU7.USD","LU0198837287.USD","LU1303367103.USD","LU2430703251.USD","IPO"],"gpt_icon":1},{"id":"2485506277","title":"Is Reddit Stock Still a Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=2485506277","media":"Motley Fool","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485506277?lang=en_us&edition=fundamental","pubTime":"2024-11-23 17:44","pubTimestamp":1732355040,"startTime":"0","endTime":"0","summary":"The run-up in the stock price has dramatically increased its valuation, leaving investors to question whether they are too 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12%","url":"https://stock-news.laohu8.com/highlight/detail?id=1123718063","media":"Tiger Newspress","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1123718063?lang=en_us&edition=fundamental","pubTime":"2024-11-23 08:22","pubTimestamp":1732321359,"startTime":"0","endTime":"0","summary":"Wall Street closed higher on Friday, with all three major indexes posting weekly gains, as investors took comfort from data pointing to robust economic activity in the world's biggest economy.A measur","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"6c300e67ea829f7260e89f310a3ca1bc","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["RDDT","SNOW","GAP","QUBT","TPL",".DJI","INTU","SMCI","ROST",".SPX",".IXIC","MSTR","QBTS","NVDA","NTAP","AMZN"],"gpt_icon":1},{"id":"1141084899","title":"Form 4 | Advance Magazine Publishers Inc. Director and 10% Owner sold 10,000,000 shares of Reddit.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141084899","media":"SEC Track","labels":["insiderTrades"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1141084899?lang=en_us&edition=fundamental","pubTime":"2024-11-23 07:00","pubTimestamp":1732316413,"startTime":"0","endTime":"0","summary":"Advance Magazine Publishers Inc., a Director and 10% Owner of Reddit, executed a sale of 10,000,000 shares of Reddit's Class A Common Stock on November 21, 2024, through exercising a call option priced at $306.1084 per share. Simultaneously, the company acquired a corresponding number of put options priced at $121.0196 per share. This transaction is a zero-cost collar, indicating that the holder anticipates stock price volatility.","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"insiderTrades","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["RDDT"],"gpt_icon":0},{"id":"2485219922","title":"Sector Update: Tech Stocks Mixed Late Afternoon","url":"https://stock-news.laohu8.com/highlight/detail?id=2485219922","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485219922?lang=en_us&edition=fundamental","pubTime":"2024-11-23 04:38","pubTimestamp":1732307928,"startTime":"0","endTime":"0","summary":"Tech stocks were mixed in late Friday afternoon trading with the Technology Select Sector SPDR Fund down 0.2% and the SPDR S&P Semiconductor ETF climbing 1.4%.The Philadelphia Semiconductor index shed 0.5%.In corporate news, Elastic shares surged 15%, a day after the company reported fiscal Q2 results exceeded consensus forecasts and projected net income and revenue for the current quarter and fiscal 2025 above estimates.The US Supreme Court declined to consider an appeal by Meta's Facebook, meaning it will have to face a lawsuit accusing it of misleading shareholders regarding the 2015 data breach involving Cambridge Analytica. Meta shares fell 0.6%.VeriSign shares fell 2%. The company is facing calls from two Democratic lawmakers for a probe into how it charges for the .com domain, Wired reported.Reddit shareholder Advance Magazine Publishers is looking to establish a credit facility using its Reddit stake, offering 7.8 million Reddit shares for $145.38 to $148.54 apiece or up ","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU1571399168.USD","LU1642822529.SGD","META","SG9999014880.SGD","LU2023250330.USD","LU2404859741.USD","LU0053666078.USD","LU1861559042.SGD","LU2087621335.USD","SG9999014914.USD","LU1861558580.USD","XSD","IE00BK4W5M84.HKD","SG9999002232.USD","SGXZ31699556.SGD","LU1316542783.SGD","LU1732799900.SGD","LU1551013342.USD","LU0820562030.AUD","LU1064131342.USD","IE00B1BXHZ80.USD","LU0211328371.USD","XLK","LU2236285917.USD","SG9999015952.SGD","LU2133065610.SGD","LU0426412945.USD","LU0795875086.SGD","ESTC","LU1035775433.USD","LU0256863902.USD","LU2403377893.USD","VRSN","LU0708995401.HKD","LU1201861249.SGD","IE00B19Z8X17.USD","LU0786609619.USD","LU0006306889.USD","LU0950375773.USD","LU2098885051.SGD","LU2237957811.SGD","RDDT","LU0690374961.EUR","IE00BJTD4N35.SGD","IE00BK4W5L77.USD","IE00BWXC8680.SGD","LU0823417737.USD","LU1914381329.SGD","LU2065169927.USD","LU1699723380.USD"],"gpt_icon":1},{"id":"2485921208","title":"Why Reddit (RDDT) Stock Is Down Today","url":"https://stock-news.laohu8.com/highlight/detail?id=2485921208","media":"StockStory","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485921208?lang=en_us&edition=fundamental","pubTime":"2024-11-23 04:20","pubTimestamp":1732306836,"startTime":"0","endTime":"0","summary":"Shares of online community and discussion platform Reddit fell 8.9% in the afternoon session after Bloomberg reported that shareholder Advance Magazine Publishers is planning to sell up to 7.8 million of its Redditt shares at a discounted price. The sale is expected to fetch Advance Magazine Publishers roughly $ 1.2 billion, which translates to a high single-digit discount relative to the stock's closing price on November 21, 2024 . Separately, the company plans to buy derivatives to offset the sale and enable it to maintain its stake in Redditt as part of a credit facility. The stock's reaction suggests markets expect the sale to depress Redditt's share price at least in the short term.Separately, China's Tencent Holdings also disclosed in a regulatory filing that it sold a portion of its Reddit shares. The recent sale reduced Tencent's ownership in Redditt to 7.7m shares, down from 10.7m earlier in the month.","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/fGhmviSufwiaE9wdmwRmFQ--~B/aD03MDA7dz0xNDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/stockstory_922/68ccf4f579eeef4dd3421cd9343df8c8","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/fGhmviSufwiaE9wdmwRmFQ--~B/aD03MDA7dz0xNDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/stockstory_922/68ccf4f579eeef4dd3421cd9343df8c8"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/why-reddit-rddt-stock-down-202036368.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4077","RDDT","BK4547"],"gpt_icon":1},{"id":"2485529098","title":"Sector Update: Tech Stocks Mixed Friday Afternoon","url":"https://stock-news.laohu8.com/highlight/detail?id=2485529098","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485529098?lang=en_us&edition=fundamental","pubTime":"2024-11-23 02:51","pubTimestamp":1732301518,"startTime":"0","endTime":"0","summary":"Tech stocks were mixed in Friday afternoon trading with the Technology Select Sector SPDR Fund (XLK) down 0.1% and the SPDR S&P Semiconductor ETF (XSD) rising 1.4%.The Philadelphia Semiconductor index","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU2756315318.SGD","LU0289739343.SGD","SG9999015945.SGD","IE0004086264.USD","IE00B1XK9C88.USD","LU0048584097.USD","LU1815333072.USD","LU2362540622.SGD","LU0353189763.USD","IE00BJJMRX11.SGD","LU0466842654.USD","LU0256863811.USD","LU2264538146.SGD","IE00BQXX3F31.USD","LU0823421333.USD","INTU","RDDT","LU0265550359.USD","LU1066051811.HKD","LU2456880835.USD","LU0109391861.USD","LU2250418816.HKD","LU2242649171.HKD","LU0345770993.USD","LU1868837300.USD","IE00BZ1G4Q59.USD","IE00B775SV38.USD","BK4596","LU1280957306.USD","LU2054465674.USD","BK4532","IE0009356076.USD","LU0957791311.USD","LU1043141123.HKD","LU2602419157.SGD","LU0215105999.USD","LU0882574139.USD","LU1201861249.SGD","SG9999018865.SGD","XSD","LU0061474960.USD","LU2505996509.AUD","IE0005OL40V9.USD","AMZN","LU1127390331.HKD","XLK","LU2592432038.USD","BK4122","LU0157215616.USD","LU1791710400.SGD"],"gpt_icon":1},{"id":"2485213001","title":"Top Midday Decliners","url":"https://stock-news.laohu8.com/highlight/detail?id=2485213001","media":"MT Newswires","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485213001?lang=en_us&edition=fundamental","pubTime":"2024-11-23 02:37","pubTimestamp":1732300633,"startTime":"0","endTime":"0","summary":"Grab Holdings received a pair of analyst downgrades on Friday, with BofA Securities cutting its rating for the super-app company to underperform with a $4.90 price target, while China Renaissance on Thursday dropped its call for Grab to hold with a $5.40 price target for the stock.Grab shares were nearly 11% lower this afternoon, extending its declines since Friday's opening bell. Volume recently climbed past 42 million shares, exceeding their daily average of around 33.2 million shares.Reddit shares recently were down nearly 8%, paring a nearly 10% slide earlier in Friday's session. Intraday trading volume was 9.4 million shares compared with its daily average of 5.6 million shares per day.Intuit shares recently were off more than 4%, recovering slightly from a 5% dip earlier Friday for the stock. Trading volume recently reached nearly 2 million shares, versus a daily average of 1.4 million shares.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/top-midday-decliners-183713138.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["LU1242518857.USD","LU0124676726.USD","RDDT","LU0823434583.USD","LU0158827948.USD","BK4022","LU2210149790.SGD","LU1803068979.SGD","LU1242518931.SGD","LU0511384066.AUD","LU0345774391.USD","LU0061474960.USD","LU0289961442.SGD","BK4023","LU1236620834.HKD","LU0738911758.USD","LU1236620750.USD","LU1815333072.USD","LU2089283258.USD","LU0426412945.USD","INTU","BK4533","SG9999006266.SGD","LU0979878070.USD","SGXZ58947870.SGD","LU2210150020.SGD","LU2063271972.USD","LU2023251221.USD","BK4551","GB00BDT5M118.USD","LU0109392836.USD","BK4122","IE00BQXX3C00.GBP","LU0345774631.USD","SG9999002224.SGD","SG9999013486.USD","BK4588",".IXIC","GRAB","LU2095319765.USD","LU0210637038.USD","LU0949170772.SGD","LU0426417589.USD","SG9999013478.USD","IE00BQXX3D17.EUR","BK4528","LU0011850046.USD","BK4534","LU0661504455.SGD","LU1804176565.USD"],"gpt_icon":1},{"id":"2485907152","title":"Reddit Slides On Report Advance Plans To Borrow Against Stake In Hot Social Media Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2485907152","media":"Blockhead","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485907152?lang=en_us&edition=fundamental","pubTime":"2024-11-23 02:24","pubTimestamp":1732299882,"startTime":"0","endTime":"0","summary":"Reddit stock slid in Friday trading after a report that Advance plans to borrow against its stake.","market":"hk","thumbnail":"https://www.investors.com/wp-content/uploads/2024/03/Stock-Reddit-mob-shutt-150x150.jpg","type":0,"news_type":0,"thumbnails":["https://www.investors.com/wp-content/uploads/2024/03/Stock-Reddit-mob-shutt-150x150.jpg"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://www.investors.com/news/technology/reddit-stock-slides-advance-credit-facility/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"investor_business_daily_highlight","symbols":["RDDT","BK4077","BK4547","BK4585","BK4588","TCEHY"],"gpt_icon":1},{"id":"2485297605","title":"Reddit Stock Drops as Advance Reportedly Plans To Borrow Against Stake","url":"https://stock-news.laohu8.com/highlight/detail?id=2485297605","media":"Investopedia","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485297605?lang=en_us&edition=fundamental","pubTime":"2024-11-23 01:15","pubTimestamp":1732295747,"startTime":"0","endTime":"0","summary":"Reddit stock sank Friday on a report Advance Magazine Publishers planned to borrow against its stake in the social media platform and regulatory filings disclosed Chinese conglomerate Tencent Holdings sold shares.Advance Magazine Publishers, the parent company of Conde Nast and its brands like GQ and Vanity Fair, is offering 7.8 million of its Reddit shares at a discounted price, \"valued at as much as $1.2 billion,\" to establish a line of credit, according to a Thursday report from Bloomberg.\"Separately, Advance is buying derivatives on the shares, which will allow it to maintain its ownership stake while enabling it to create the credit facility,\" the report said.In separate filings earlier this month, Reddit Chief Executive Officer Steve Huffman and Chief Operating Officer Jennifer Wong also sold shares.Reddit shares recently were down more than 8% but still nearly triple the $50.44 price where the stock closed on its first day of trading following its initial public offering in ","market":"us","thumbnail":"https://www.investopedia.com/thmb/9-6QqvOrtemi-GvkzGSE44wg2oo=/6475x4317/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2181304600-7feb57027f3849188ac96cd4fabf3082.jpg","type":0,"news_type":0,"thumbnails":["https://www.investopedia.com/thmb/9-6QqvOrtemi-GvkzGSE44wg2oo=/6475x4317/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2181304600-7feb57027f3849188ac96cd4fabf3082.jpg"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://www.investopedia.com/reddit-stock-drops-as-advance-reportedly-plans-to-borrow-against-stake-tencent-sells-8750022","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"investopedia_highlight","symbols":["LU2272731782.SGD","BK4585","LU1992135472.HKD","COO","BK4588","BK7016","SEC.AU","BK4077","LU1992135399.USD","COO.AU","CEO","LU2211815571.USD","BK4198","BK4547","RDDT","LU2272731600.USD","GB00BDT5M118.USD","IPO"],"gpt_icon":1},{"id":"2485126202","title":"Market Chatter: Reddit Shareholder Seeking to Use $1.2 Billion Stake for Credit Facility","url":"https://stock-news.laohu8.com/highlight/detail?id=2485126202","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485126202?lang=en_us&edition=fundamental","pubTime":"2024-11-22 23:23","pubTimestamp":1732288992,"startTime":"0","endTime":"0","summary":"Reddit shareholder Advance Magazine Publishers is looking to establish a credit facility using its Reddit stake, offering 7.8 million Reddit shares for $145.38 to $148.54 apiece or up to $1.2 billion, Bloomberg News reported Friday, citing unnamed sources familiar with the matter.Bloomberg said the price range represents a discount of up to 8% to Reddit stock's Thursday close.One of the sources told Bloomberg that the shareholder is also purchasing derivatives on the Reddit shares to maintain its stake while establishing the credit facility. According to the report, sources also said no final decisions have been made and details remain subject to change.Reddit and Advance Magazine Publishers did not immediately respond to MT Newswires' requests for comments.Price: 146.35, Change: -11.67, Percent Change: -7.39","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4547","RDDT","BK4077"],"gpt_icon":1},{"id":"2485264431","title":"Reddit falls -7.3%","url":"https://stock-news.laohu8.com/highlight/detail?id=2485264431","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485264431?lang=en_us&edition=fundamental","pubTime":"2024-11-22 22:50","pubTimestamp":1732287027,"startTime":"0","endTime":"0","summary":"Reddit (RDDT) is down -7.3%, or -$11.52 to $146.50. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/reddit-falls-7-3-2?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/reddit-falls-7-3-2?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4547","BK4077","RDDT"],"gpt_icon":0},{"id":"2485262366","title":"Reddit Stock Nosedives After $1.2B Stake Sale Announcement--What's Next?","url":"https://stock-news.laohu8.com/highlight/detail?id=2485262366","media":"GuruFocus.com","labels":["Shareholding Changes"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485262366?lang=en_us&edition=fundamental","pubTime":"2024-11-22 22:33","pubTimestamp":1732285989,"startTime":"0","endTime":"0","summary":"Reddit just dropped a plot twist that's shaking up Wall Street. After skyrocketing 16% on Thursday to $158, fueled by Piper Sandler's Thomas Champion raising his price target to a record $150, the stock hit turbulence. Late Thursday, news broke that Advance Magazine Publishers, one of Reddit's largest shareholders, is offloading a $1.2 billion stakesending shares sliding over 7% in after-hours trading.But waitthere's more. Advance isn't completely stepping away from Reddit. The Newhouse family-backed company is hedging its bets by buying derivatives on the shares they're selling, allowing them to keep an indirect grip on their ownership while setting up a credit facility. Talk about playing both sides. Meanwhile, Reddit's story remains compelling, with its stocks being multi-baggers within six months, then analysts like Champion are bullish on its revenue and EBITDA growth potential, thanks to clever ad monetization strategies and increased user engagement.With Reddit's valuation clim","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/dh96ZXggtQ3m7d9JdWktYg--~B/aD0zMzM7dz01MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/3d313f4e77eb1f98d35022e7f7f60e30","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/dh96ZXggtQ3m7d9JdWktYg--~B/aD0zMzM7dz01MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/3d313f4e77eb1f98d35022e7f7f60e30"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/reddit-stock-nosedives-1-2b-143309622.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"Shareholding Changes","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["RDDT","BK4547","BK4077"],"gpt_icon":1},{"id":"1112027768","title":"Stock Track | Reddit Stock Plummets 8% as Major Shareholder Seeks $1.2 Billion Credit Facility","url":"https://stock-news.laohu8.com/highlight/detail?id=1112027768","media":"Stock Track","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1112027768?lang=en_us&edition=fundamental","pubTime":"2024-11-22 22:32","pubTimestamp":1732285954,"startTime":"0","endTime":"0","summary":"Reddit Inc.'s stock plunged nearly 8% in pre-market trading on Friday, as the social media company grappled with the fallout from a major shareholder's plans to establish a $1.2 billion credit facility using its stake in the company as collateral.According to reports, Advance Magazine Publishers, which owns a 30% stake in Reddit, is planning to offer 7.8 million shares for sale at a price range of $145.38 to $148.54 per share. This would represent a discount of up to 8% from Reddit's closing pri","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_en","symbols":["RDDT"],"gpt_icon":0},{"id":"2485697172","title":"Advance offering 7.8M Reddit shares at $145.38-$148.54, Bloomberg says","url":"https://stock-news.laohu8.com/highlight/detail?id=2485697172","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485697172?lang=en_us&edition=fundamental","pubTime":"2024-11-22 22:20","pubTimestamp":1732285223,"startTime":"0","endTime":"0","summary":"Advance Magazine Publisher, the arm of Newhouse publishing, is offering 7.8M shares of Reddit (RDDT) for $145.38 to $148.54, which would be valued ...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/advance-offering-7-8m-reddit-shares-at-145-38-148-54-bloomberg-says?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/advance-offering-7-8m-reddit-shares-at-145-38-148-54-bloomberg-says?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4547","RDDT","BK4077"],"gpt_icon":0},{"id":"2485426090","title":"Intuit's Q1 Earnings Surpass Estimates, Revenues Rise Y/Y","url":"https://stock-news.laohu8.com/highlight/detail?id=2485426090","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485426090?lang=en_us&edition=fundamental","pubTime":"2024-11-22 22:08","pubTimestamp":1732284480,"startTime":"0","endTime":"0","summary":"Intuit INTU reported first-quarter fiscal 2025 non-GAAP earnings of $2.5 per share, which beat the Zacks Consensus Estimate by 5.93%. The bottom line jumped 1.2% from the year-ago quarter.Intuit’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 13.09%.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.Revenues of $3.28 billion beat the consensus mark by 4.58% and increased 10% year over year.Global Business Solution revenues grew 8.53% year over year to $2.54 billion, beating the Zacks Consensus Estimate by 1.62%. Within the segment, total Online Ecosystem revenues climbed 20% year over year to $1.94 billion.QuickBooks Online Accounting revenues were up 21% year over year to $965 million, driven primarily by customer growth, higher effective prices and a mix-shift to INTU’s full-service offering, beating the Zacks Consensus Estimate by 1.15%.Online Services revenues, which include payroll, payme","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/qRe6wmJddULTrJdxJyj0wQ--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/275c833f536c687cb5cc851a9d24043a","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/qRe6wmJddULTrJdxJyj0wQ--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/275c833f536c687cb5cc851a9d24043a"],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/intuits-q1-earnings-surpass-estimates-140800760.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["INTU","RDDT"],"gpt_icon":1},{"id":"2485505532","title":"BUZZ-Reddit retreats from record after Tencent reveals share sales","url":"https://stock-news.laohu8.com/highlight/detail?id=2485505532","media":"Reuters","labels":["Shareholding Changes","insiderTrades"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485505532?lang=en_us&edition=fundamental","pubTime":"2024-11-22 21:07","pubTimestamp":1732280878,"startTime":"0","endTime":"0","summary":"BUZZ-Reddit retreats from record after Tencent reveals share sales** Shares of social media firm Reddit RDDT.N down 7.4% premarket to $146.30 after Tencent Holdings 0700.HK disclosed offloading some of its stake** RDDT shares on Thurs jumped 16% to close at $158.02. During the session, stock touched record high of $158.59 vs Mar IPO price of $34** Chinese tech firm reported post-market Thurs it sold 654,979 shares on Tues at overall avg price of $133.76, or nearly $90 mln worth. ** In prior filings, Tencent disclosed selling 882,583 shares between Nov 14-18, and nearly 1.5 mln shares between Nov 11-13. ** In aggregate, the roughly $400 mln worth of sales cut Tencent's holdings to ~7.75 mln shares, per the filings. ** RDDT CEO Steve Huffman and COO Jennifer Wong also disclosed selling smaller amounts of shares over the past week. ** RDDT has ~175.6 mln shares outstanding, per LSEG. ** RDDT shares closed at $81.74 on Oct 29, just before co posted its first qtrly profit and forecast Q4 r","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241122:nL6N3MT0G1:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"Shareholding Changes,insiderTrades","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["RDDT","00700"],"gpt_icon":1},{"id":"1161309984","title":"Pre-Bell|U.S. Futures Mixed; Gap Jumps 16%; Elastic Surges 28%; Alibaba Drops 2%; Reddit Sinks 7%","url":"https://stock-news.laohu8.com/highlight/detail?id=1161309984","media":"Tiger Newspress","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1161309984?lang=en_us&edition=fundamental","pubTime":"2024-11-22 20:53","pubTimestamp":1732279980,"startTime":"0","endTime":"0","summary":"U.S. stock index futures mixed on Friday as investors remain cautious ahead of a business activity survey and increasing geopolitical tensions between Ukraine and Russia, but Wall Street's main indexe","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["RDDT","NVDA","GAP","SNOW",".IXIC","INTU","BABA",".DJI","MSTR","XPEV","BIDU","NQmain","ROST","ESTC",".SPX","ESmain","YMmain","PDD","NIO","TPL","BILI","NTAP"],"gpt_icon":1},{"id":"2485263286","title":"Reddit Share Sale Plan Sparks Fear Among Retail Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2485263286","media":"GuruFocus.com","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485263286?lang=en_us&edition=fundamental","pubTime":"2024-11-22 20:52","pubTimestamp":1732279965,"startTime":"0","endTime":"0","summary":"Fear looms among Reddit stock retailers as Advance Magazine Publishers, a shareholder of Reddit with significant ownership, intends to sell up to $1.2 billion worth of its reddit shares. The selling is anticipated to bring down the price of reddit shares.Hearing this, some bullish investors are optimistic to buy the dip if the price plunge materialized as they faithfully believe in Reddit's fundamentals.Advance Magazine is known to hold 30% stake of Reddit and the company aims to sell 7.8 million shares to be sold at the price between $145.38 to $148.54 per share. Yahoo reported that Advance plans to use Reddit's equity as collateral for a credit facility.Essentially, Advance is borrowing money against the value of their Reddit shares. To do this, they are offering a portion of their Reddit shares for sale at a discounted price at $145.38 to $148.58 below the current traded price at $158.02 per share.Advance is not exiting. In order to retain their control over Reddit, Advance is als","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/3dXF5OmOnJojs2HIaUhUjA--~B/aD0yODg7dz05NTY7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/3c652f99c50fc37299928731758e73fb","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/3dXF5OmOnJojs2HIaUhUjA--~B/aD0yODg7dz05NTY7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/3c652f99c50fc37299928731758e73fb"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/reddit-share-sale-plan-sparks-125245363.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4077","BK4547","BK4211","ISBC","RDDT"],"gpt_icon":1},{"id":"2485254793","title":"S&P 500 Futures Decline In Premarket Trading; Elastic, Gap Inc Lead","url":"https://stock-news.laohu8.com/highlight/detail?id=2485254793","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485254793?lang=en_us&edition=fundamental","pubTime":"2024-11-22 20:30","pubTimestamp":1732278600,"startTime":"0","endTime":"0","summary":"This article was automatically generated by Barrons.com using technology from Automated Insights.With U.S. stock markets set to open in two hours, Elastic N.V. was up 26.7% in pre-market trading, and Gap Inc. was up 15.2%.Ross Stores Inc. , Rollins Inc. , and NetApp Inc. were all posting gains of at least 6%. In early trading, Reddit Inc. and UL Solutions Inc. had posted declines, falling 6.1% and 5.2%, respectively.Meanwhile S&P 500 futures were down 0.13%, with futures for the Dow Jones Industrial Average falling 0.02%. The Cboe Volatility Index futures were unchanged.In commodities news, Brent crude oil futures were down 0.77%, while gold futures were up 1.01%. Bitcoin rose 0.52% to $98,842.In the previous regular trading session, the S&P 500 and the Dow were up 0.53% and 1.06%, respectively. Stocks in Asia were mixed overnight, with Japan's NIKKEI 225 Index up 0.68% and China's Shanghai Composite Index down 3.06%.In afternoon trading, stocks in Europe are up, with the STOXX Eu","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SPY","LU2125909916.SGD","BK4585","ULS","ROL","LU2098885051.SGD","SG9999001440.SGD","ROST","BK4588","LU1303367103.USD","GAP","RDDT","VOO","BK4123","BK4023","BK4170",".SPX","LU2125909759.SGD","BK4077","ESTC","BK4120","BK4547","BK4094","NTAP","LU1923622291.USD"],"gpt_icon":1}],"profile":{"websiteUrl":"http://www.reddit.com","stockEarnings":[{"period":"1week","weight":0.1754},{"period":"1month","weight":0.8881},{"period":"3month","weight":1.4771},{"period":"6month","weight":1.6804},{"period":"1year","weight":3.3138},{"period":"ytd","weight":3.3138}],"compareEarnings":[{"period":"1week","weight":0.0167},{"period":"1month","weight":0.0303},{"period":"3month","weight":0.0594},{"period":"6month","weight":0.1248},{"period":"1year","weight":0.3088},{"period":"ytd","weight":0.2529}],"compareStock":{"symbol":"SPY","name":"SPDR S&P 500 ETF Trust"},"exchange":"NYSE","name":"Reddit","nameEN":"Reddit"},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"pagemeta":{"title":"Reddit(RDDT),Stock Price, Discussion, News, Quote & History - To The Moon - Tiger Brokers Online Investing Community","description":"Find the latest Reddit(RDDT) stock quote, history, news, and investing ideas from To The Moon - Tiger Brokers Online Investing Community to stay on top of the markets.","keywords":"Reddit,RDDT,Reddit股票,Reddit股票老虎,Reddit股票老虎国际,Reddit行情,Reddit股票行情,Reddit股价,Reddit股市,Reddit股票价格,Reddit股票交易,Reddit股票购买,Reddit股票实时行情,购买美股,购买港股,港股开户,美股开户,美股交易,港股交易,开通美港股账户,老虎国际行情","social":{"og_title":"Reddit(RDDT),Stock Price, Discussion, News, Quote & History - To The Moon - Tiger Brokers Online Investing Community","og_description":"Find the latest Reddit(RDDT) stock quote, history, news, and investing ideas from To The Moon - Tiger Brokers Online Investing Community to stay on top of the markets.","og_image":"https://community-static.tradeup.com/news/9b6dafd60190235ae8e2c95f52c583a0"}}}