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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
Reddit’s share price has held since it went public, but the firm’s unique structure could be its undoingWanna upvote the company?Gill C

Reddit, 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...

SME support in Federal Budget falls short of easing business pressures

“The Federal Budget delivered several measures aimed at supporting small businesses, including making the instant asset write-off permanent, exten...

Bunji dog treats to hit Ritchies shelves

Cooee Native Superfoods’ Bunji range of dog kibble and treats is rolling out across Ritchies Supermarkets now, with stock already on shelves in se...

Pre-Budget Expectations

“Australian corporates and SMBs are under pressure. Competition from global players is intensifying, margins are under strain, and technology adop...

“Time is running out to get Payday ready,” Brighter Super urges

Superannuation fund Brighter Super is encouraging business owners to prepare now for Payday Super, ahead of the new laws taking effect from 1 July...

PayNuts Unveils Expanded Integrated Solutions and Refreshed Brand to Support Australian SMEs

PayNuts, one of Australia’s fastest-growing payment service providers, has unveiled a refreshed brand identity and an expanded suite of integrated b...

BizCover Brings Australia’s First AI-Based Insurance Quotes to ChatGPT

Australian small business owners can now receive and compare business insurance quotes directly inside ChatGPT, in a move that signals a major shi...