Reddit’s share price has held since it went public, but the firm’s unique structure could be its undoing
- Written by Larisa Yarovaya, Director of the Centre for Digital Finance, Associate Professor in Finance, University of Southampton
Wanna upvote the company?Gill CReddit, the social networking platform that recently floated on the stock market, saw its shares surge 15% on the back of its first-quarter financial results on May 8.
The company had actually reported a loss of US$575 million (£459 million) for the period, but this is largely attributed to the cost of the...
