Stocks in Action USA: Reddit, Bloom Energy, Roblox
Reading Time: 3 minutes
Reddit (RDDT) – The community platform impresses with an advertising boom and defies concerns about rising tech investments! Reddit has regained investor confidence with a surprisingly strong fourth quarter, temporarily boosting the stock by around 10%. The social media company benefited primarily from a substantial increase in advertising revenue, which rose by 75% year-over-year and accounted for the majority of revenue growth. Overall, revenues increased by 70% to $726 million, significantly exceeding market expectations of around $666 million....
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