Company stock price climbed nearly 70% from its IPO, with Condé Nast’s parent company standing to make nearly $1.4bnSocial media platform Reddit’s (RDDT.N) shares ended their first day of trading in New York up 48%, signaling that investor appetite for initial public offerings of promising yet loss-making companies could be returning.Reddit shares closed 48% above initial offer prices in the company’s trading debut on Thursday, valuing the social media platform at more than $9bn in a closely...
Shares of Donald Trump's social media company surged higher on Tuesday as the company began public trading under the DJT ticker symbol. | Economy
Here's what to watch for on MLB's opening day: THE SHO GOES ON Shohei Ohtani already made his Dodgers debut last week in South Korea, but all eyes will still be on the two-way sensation as Los Angeles hosts the St. Louis Cardinals. The $700 million star is trying to remain focused on the field []
World Series MVP Corey Seager and the defending champion Texas Rangers open at home with Nathan Eovaldi
Reddit shares are plummeting from the rally highs experienced after the social messaging company's IPO last week.
Here’s what to watch for on MLB’s opening day:
The early numbers for 2024 NCAA Tournament viewership are in, and they’re very good. Earlier Friday, we covered how Tuesday and Wednesday’s First Four saw double-digit increases over 2023. And later Friday, TNT Sports and CBS Sports announced how Thursday’s opening round games posted the highest average audience since 2015: CBS Sports and TNT Sports
Toronto’s first full day of spring will be marked by periods of heavy flurries and near zero visibility and is already causing problems on some of the city’s major roadways. Environment Canada had issued a winter travel advisory Wednesday morning ahead of what the agency described as brief, heavy snowfall during the afternoon. Download our app to get local alerts on your device Get the latest local updates right to your inbox The snow itself won’t stick around for long and...
Former President Donald Trump's social media company got off to a quick start in its stock market debut Tuesday. Shares of Trump Media & Technology Group, the parent company of Truth Social, shot up more than 50% in its first minutes of trading. The quick move triggered a trading halt of five minutes, which exchanges use to put a check on volatile stock moves. Shares cooled slightly after trading resumed. The stock was up about 40% on the day as of an hour into trading. Shareholders in shell...
Shares of social forum giant Reddit closed its first day of trading at $50.31, up nearly 48% from its IPO price of $34 per share. The company had indicated a target range of $31 to $34 per share in the run-up to its public-market debut, eventually settling on the top-end of that interval. Prices are […] © 2024 TechCrunch. All rights reserved. For personal use only.
Reddit finally launched its long-awaited IPO today on the New York Stock Exchange at $34 a share. It started trading at $47 and ended the trading day with a share price of 50.44 a share
The shares are trading under the ticker symbol “DJT.” Trump holds a nearly 60% ownership stake in the company.