Meta announced in January that it would end third-party fact-checking on its platforms, a program often criticized by Trump and conservatives for what they say unfairly targeted right-wing content. In a series of sweeping policy changes at the media giant, CEO Mark Zuckerberg announced he would install a community-based system instead.
Reddit Inc RDDT stock has been in free fall, shedding 26% since hitting a 52-week high of $230.41 on Feb. 10. The sell-off, sparked by a post-earnings user growth miss and CEO Steve Huffman‘s hefty $70.5 million share sale, has rattled investors.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Alexis Ohanian, Reddit co-founder and Seven Seven Six founder, tells CNBC's Emma Graham at the Web Summit in Qatar that he is going long on women's sports.
Reddit COO Jen Wong talks leadership, success, and Reddit's IPO as the latest member of CNBC's Changemakers 2025 list.
Alexis Ohanian, Reddit co-founder, discusses Meta's move to ban third-party fact-checking on its platforms, at the Web Summit in Doha, Qatar.
While shares of Reddit (RDDT -5.15%) tumbled following its Q4 earnings report, the social media company's stock is still up a solid 20% year to date, as investors have embraced the stock after its March 2024 IPO. After debuting at $34, the stock is up more than five times in less than a year.
Piper Sandler still sees more upside for the social media platform.
Reddit (RDDT -9.11%) stock is sinking in Thursday's trading. The social media company's share price was down 9.4% as of 2:45 p.m.
RDDT benefits from strong user growth, AI-driven partnerships and a surge in ad revenues. However, concerns over valuation and market competition persist.
The digital advertising market is doing so well that even Reddit is getting a cut of the spoils. "Advertisers feel like consumers are susceptible to advertising and are investing in that," said Gil Luria, head of tech research at investment banking firm D.A.
Reddit shares dropped 15% post-earnings despite strong results, presenting a potential buying opportunity for long-term investors. Q4 2024 saw revenues of $428 million, a 71% increase, crushing street estimates yet again, while reporting strong bottom-line improvement. Current quarter guidance was above expectations, and RDDT's improving financials suggest the potential for S&P 500 inclusion.