Reddit Users See An 'Inverse Moment' As Shares Pop 14% On Social Media Platform's Financial Performance

Reddit Users See An 'Inverse Moment' As Shares Pop 14% On Social Media Platform's Financial Performance Reddit Inc (NYSE:RDDT) recently released its first quarterly earnings report since its initial public offering (IPO) in March, causing its shares to surge by 14% in extended trading. The social media platform’s financial results showed a loss per share of $8.19 — lower than the expected $8.71 loss. However, revenue exceeded expectations, coming in at $243 million compared to the estimated $212.8 million. This …