Is Reddit’s Soaring Share Price Justified After TikTok’s Surprising $14B Valuation News?
If you have been watching Reddit’s stock lately and are wondering what to do next, you are not alone. The market has been sending some pretty mixed signals this year, making it tough even for seasoned investors to settle on a clear course of action. Since the start of the year, Reddit’s share price has soared an impressive 22.8%. Over the past month, it has dropped 19.9%, and, intriguingly, moved exactly 0.0% in the last week. If you zoom out, that one-year gain of 172.0% is hard to ignore and hints at both explosive growth potential and plenty of volatility along the way.
Just beneath the surface, recent headlines about rival social media players have introduced fresh questions about Reddit’s position in the landscape. TikTok has…
