Reddit's first earnings after going public made its stock jump

Reddit, the cheeky social media platform that serves as a bridge for thousands of forums, is having a better-than-expected inaugural earnings debut as a public company. Shares of Reddit spiked by 11% in after hours, trading at $55, after the company crushed first-quarter-earnings expectations. The company’s shares are significantly higher than its March IPO listing of $34 a share. The company filed a confidential IPO filing in December 2021 and finally made its debut on the New York Stock Exchange just two months ago, making it the first social media...