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All posts tagged "Reddit"

Social media company Reddit surges after NYSE debut

Social media company Reddit surges after NYSE debut

New York (AFP) - Shares of social media company Reddit soared nearly 50 percent on the New York Stock Exchange Thursday in a buoyant market debut that raised hopes about the IPO market. The company, which trades under the ticker RDDT, finished at $50.44, up 48.4 percent from its initial public offering price, lifting the valuation to around $8 billion. The hot trading debut came after the company's IPO priced at the upper end of the range, raising a bit more than $500 million. Market watchers were not sure what to expect from Thursday's start given Reddit's record of annual losses and skeptici......
How Reddit helped fuel 'The Great Resignation'

How Reddit helped fuel 'The Great Resignation'

People are leaving traditional jobs in droves according to the latest figures from the U.S Bureau of Labor Statistics, which showed a record breaking 4.5 Million resignations as of Nov 2021. Q4 2021 hedge fund letters, conferences and more The Great ResignationThe trend has originated a movement on Reddit similar to r/wallstreetbets called r/antiwork where more than 1.7 Million active members share resignation stories, discuss unfair work practices, criticize their bosses, and advocate for employee rights and better work conditions. We applied SESAMm’s AI and Natural Language Processing (NLP) ......