Market News AIOpen the app

Reddit stock is going up today after the CEO talked about more users and engagement.

OpinionRead the original at benzinga.com
Neutral

CEO comments and fresh user numbers are positive, but a 12-month ~40% share decline and weak averages balance that news.

RDDT · Reddit Inc.

AI read · Neutral

The AI's read

Reddit’s CEO gave specific user-growth and engagement figures and set a 1.5-year focus on getting and keeping users. The stock, however, has lost about 40% in the last 12 months and sits below key moving averages, so the new comments do not change the company view.

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