Social media platform Reddit finally debuted on the New York Stock Exchange (NYSE). The company’s stock, with a ticker symbol RDDT, began trading on the NYSE on Thursday, March 21st.
Reddit attracted investors despite the company not turning an annual profit since launching in 2005. However, the company promises investors that its content will be the training ground for artificial intelligence (AI) programs.
The company also recently struck a data licensing deal with Google worth about $60 million a year. This move further convinced investors that Reddit could soon turn over its loss-making fortunes.
With Reddit now a publicly traded company, RDDT could soon join other stocks CFDs at OANDA, making it easier for investors to take a position on the future trajectory of Reddit’s share price.
Sub-Reddit memecoins MOON and BRICK could soar higher
October, the r/CryptoCurrency community removed moderators accused of insider trading