Previous close | 51.40 |
Open | 51.24 |
Bid | 49.55 x 800 |
Ask | 49.61 x 1800 |
Day's range | 48.25 - 51.10 |
52-week range | 37.35 - 74.90 |
Volume | |
Avg. volume | 6,364,248 |
Market cap | 8.095B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 59.85 |
Tesla stock (TSLA) is being dragged down lower after US Department of Justice (DOJ) officials are focusing their attention on alleged securities and wire fraud in their ongoing investigation of the EV maker's full self-driving features. In its first-ever quarterly report since going public in March, Reddit (RDDT) beat earnings estimates, noting daily active user growth as the site continues to optimize its AI model across the platform. Uber (UBER), Shopify (SHOP), and Affirm (AFRM) are also taking a hit in Wednesday's session after reporting earnings. Morgan Stanley Global Head of Corporate Credit Research Andrew Sheets joins The Morning Brief to discuss whether market trends are the result of micro or macro drivers. This post was written by Luke Carberry Mogan.
(Bloomberg) -- Reddit Inc. released new policies governing data posted on its social network, including a ban on sending advertisements to users without consent, as it seeks to increase revenue through licensing agreements with artificial intelligence developers and other companies.Most Read from BloombergMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t Track‘Seriously Underwater’ Home Mortgages Tick Up Across the USArm Sl
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 marked a significant 48% increase from the previous year, with ad revenue alone reachin