【】
A literal meme stock may soon be on the way.
Reddit, the popular social sharing platform, has plans to go public later this year, according to a reportin The Information.
Prime Day deals you can shop right now
Products available for purchase here through affiliate links are selected by our merchandising team. If you buy something through links on our site, Mashable may earn an affiliate commission.iRobot Roomba Combo i3+ Self-Emptying Robot Vacuum and Mop—$329.99(List Price $599.99)
Samsung Galaxy Tab A9+ 10.9" 64GB Wi-Fi Tablet—$178.99(List Price $219.99)
Apple AirPods Pro 2nd Gen With MagSafe USB-C Charging Case—$199.00(List Price $249.00)
Eero 6 Dual-Band Mesh Wi-Fi 6 System (Router + 2 Extenders)—$149.99(List Price $199.99)
Apple Watch Series 9 (GPS, 41mm, Midnight, S/M, Sports Band)—$299.00(List Price $399.00)
Back in late 2021, Reddit first started making moves to file for an IPO at a $15 billion valuation. However, many factors — among them the fluctuating markets, inflation, high interest rates, and a downturn specifically among tech stocks — put Reddit's aspirations to go public on hold in 2022.
However, according to this latest report, Reddit now has its sights set on going public in the second half of 2023, albeit at a much lower valuation. The company was recently valued at $6.6 billion by Fidelity.
If and when Reddit does hit the stock market, it will be interesting to see what its users do. The meme stocktrend of 2021 kicked off on Reddit with the subreddit r/WallStreetBets encouraging its members to invest in companies like GameStop and AMC. (And, of course, it should be noted that while some peopledid make out with a lot of money investing in stocks based on what other social media users are buying up, it didn't work outfor the vast majority of people.)
Related Stories
- Chinese spies charged in Huawei obstruction case after sending Bitcoin bribes
- Ethereum's Merge paves way for a greener future
- Two of SBF's closest associates just took pleas, will cooperate in case against him
- Why did Reddit turn Bed Bath & Beyond into the latest meme stock?
- This is why Tesla's stock is declining
The meme stock craze didn't end in 2021 either...at least not on Reddit. For example, Reddit users were still pumping stocks like Bed Bath & Beyondjust last summer.
Will Redditors turn Reddit, the meme stock creation platform, into a meme stock itself? It looks like we'll find out later this year.
TopicsSocial MediaMemesRedditMoney
相关文章
Did our grandparents have the best beauty advice?
Do our grandparents really know what's best?They're older and wiser, and they have no shortage of ad2024-11-23Samsung Galaxy S10+ to come with up to 1TB of storage, leak reveals
Samsung's Galaxy S10 is still likely months away, but rumors about the phone just keep on coming. Th2024-11-23Fox News mistakenly calls the president 'David' Trump
While President Donald Trump has reportedly used fake names to maneuver and manipulate the PR game,2024-11-23Ben Affleck hands over his cape to a new Batman
Ben Affleck is handing over his cape to a new Batman.According to Deadline, Warner Bros. will releas2024-11-23Xiaomi accused of copying again, this time by Jawbone
Imitation is not always the best form of flattery.。 SEE ALSO:Xiaomi's MacBook Air clone is called, w2024-11-23Not nice: Trump just ruined 69 jokes
Rest in peace, 69 jokes.It brings me no pleasure to report that President Donald Trump included "69"2024-11-23
最新评论