Reddit Stock: Now Reddit just needs to become profitable

Reddit user Celkon can be satisfied. The screenshot that Celkon shared in the Reddit forum r/wallstreetbets shows a profit of almost $20,500 in one day, earned by buying and then selling Reddit shares. Even if the authenticity of the screenshot cannot be proven, other reports from users show that Reddit’s first day on the stock market was apparently worth it for some of them.

After Reddit had postponed its IPO for two years, the time had come yesterday: the social media platform debuted on the New York Stock Exchange. The issue value of the share was $34. At the end of the day the value was $50.44 – a subscription profit of a good 48 percent.

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