Investing
Should You Invest in Reddit After 48% Pop?
Shares of the social-media company surged in their first day of trading. Here’s what experts think about buying the stock.
Snoo, mascot of Reddit Inc., rings the opening bell on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergIt’s one of the internet’s top spots for meme-powered stock tips and anonymous hot takes. But does Reddit belong in your portfolio?
The question has divided fans of the notoriously rambunctious platform, where some super users were invited to invest along with insiders at the IPO price of $34, before the general public had access. They watched Reddit surge 48% to $50.44 in its trading debut.