Full-Time
Posted on 1/17/2024
Online platform for community discussions and content
$216.7k - $303.4k/yr
Company Historically Provides H1B Sponsorship
Remote in USA
🤖AI & Machine Learning (2) |
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Reddit is an online platform that allows users to post, vote, and comment on content within various communities based on shared interests. Users can engage in discussions about a wide range of topics, from news and sports to entertainment and hobbies. The platform's unique voting system enables users to upvote or downvote posts, which helps the most engaging content to surface. Reddit generates revenue primarily through advertising, premium memberships, and the sale of virtual goods like Reddit Coins. Unlike many other social media platforms, Reddit emphasizes community-driven content and discussions, creating a space where users can connect over shared interests. The goal of Reddit is to foster authentic engagement and connections among its diverse user base.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2005
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Comprehensive health benefits
Flexible unlimited vacation days & monthly global wellness days
Family planning funds & 4+ months paid parental leave
Personal & professional development funds
Paid volunteer time off
Workspace & home office benefits
OFA Group (NASDAQ: $OFAL) announced the exercise and closing of the underwriter's full over-allotment option related to its initial public offering. More details can be found on Reddit.
Reddit recently entered into a significant Amended Credit and Guarantee Agreement, underscoring its focus on refining its financial strategy. Despite the 39% share price rise over the past quarter, these developments aligned with the broader market trends, where the S&P 500 and Nasdaq experienced overall gains. The extension and adjustment of Reddit's credit facility, along with its appointment to multiple Russell indices, likely added weight to this upward momentum. Moreover, Reddit's impressive Q1 earnings, which reported a stark improvement in profitability, positioned it well amidst a backdrop of high-performing technology stocks within the market. Be aware that Reddit is showing 1 risk in our investment analysis. AI is about to change healthcare. These 25 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. The recent adjustments to Reddit's financial strategy, specifically the Amended Credit and Guarantee Agreement, may fortify its balance sheet and fuel its international, AI-driven, and advertising initiatives. While the shares have surged 39% in the past quarter, the total return including dividends over the last year more than doubled at 107.09%, providing a robust contrast to both the S&P 500's and Nasdaq's gains within a shorter timeframe. Over the past year, Reddit's return also surpassed the broader US market's 13.9% and the US Interactive Media and Services industry's return of 12.7%, underscoring its considerable growth. The extension of Reddit's credit facility and its inclusion in several Russell indices could potentially bolster its revenue and earnings outlook. The international expansion and investments in AI and targeted advertising are likely to have a positive influence on these forecasts. However, despite a strong share price rise to US$133.84, it stays just below the analysts' consensus price target of US$147.97. This current share price reflects a modest 8.9% shortfall from the target, suggesting a belief in fair valuation, yet room for further growth based on anticipated future earnings and revenue developments. Gain insights into Reddit's historical outcomes by reviewing our past performance report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:RDDT This article was originally published by Simply Wall St Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]
On July 1, 2025, Reddit, Inc. entered into an Amended and Restated Credit and Guarantee Agreement with the guarantors listed therein, the lenders listed therein, and JPMorgan Chase Bank, N.A., as...
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