Reddit closed its first day of trading at $50.31 per share, up 48% from its IPO price of $34 per share. Although these prices are still fluctuating, it appears to be settling in at below $50. Reddit made revenue of $804.0 million in 2023 but remains unprofitable with a loss of over $90 million last … Continue reading Reddit’s IPO kicks off with a 60% share surge in just minutes