Reddit sells itself as the 'front page of the internet' and now anyone can own a stake in the social media company after it made its debut on the New York Stock Exchange.
Shares surged by more than 50 per cent on the first day of trading with investors pushing Reddit's value well above $9bn.
It's a major milestone for Reddit, which has been around for almost 20 years, growing to become one of the world's most popular websites.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2024-03-22/reddit-front-page-of-the-internet-soars-in-wall-street-debut/103618724
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
Shares surged by more than 50 per cent on the first day of trading with investors pushing Reddit's value well above $9bn.
It's a major milestone for Reddit, which has been around for almost 20 years, growing to become one of the world's most popular websites.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2024-03-22/reddit-front-page-of-the-internet-soars-in-wall-street-debut/103618724
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
