Redditt just debuted their IPO

Redditt just debuted their IPO, and it’s already on its way to being the hottest meme stock of 2024.

Even though the company isn’t new, it was founded 19 years ago, and even though it isn’t profitable, it lost $90.8 million in 2023, it still lit up the New York Stock Exchange when it began trading under the ticker symbol “RDDT”. 

At the end of its first day as a publicly traded company Redditt’s stock was up 48% from its debut price of $34 a share.

Now if only it can figure out its advertising model, and how to turn a profit. Until then, good luck trading this meme stock, and as always DYOR.

Reddit pops 48% in NYSE debut after selling shares at top of range