Reddit shares gained 3.5% after-hours Tuesday following Piper Sandler's recognition of a new feature that streamlines ad campaign imports from Meta Platforms Inc (NASDAQ:META).’s ads manager. The brokerage firm sees the update as a potential catalyst for attracting more advertisers to Reddit's platform.
Piper Sandler analyst Thomas Champion recently noticed a new feature in Reddit (RDDT) Ads Manager, namely a beta option to import a campaign
Mark Zuckerberg announced that Meta will cut back on its content moderation efforts and eliminate fact-checking in the US in favor of the more “democratic”
Reddit's stock has surged over 4x in the past year, but its valuation is now unsustainable. Find out the factors prompting my downgrade to a sell rating on RDDT.
Social media users are speculating that Meta has bought TikTok, following Donald Trump's announcement that he planned to delay a ban on the app.
He notes the combined market cap and collective active users on platforms like Reddit (RDDT), Snapchat (SNAP), Alphabet's YouTube (GOOG, GOOGL), and Meta Platforms' Facebook and Instagram (META).
In an email to Cybernews, Reddit stressed that the trend was user-driven and that the platform “has no ban on X links.” It hosts over 100,000 active communities covering a wide range of topics and they are free to enforce their own rules, according to the company.
Reddit, Inc. (NASDAQ:RDDT) has seen its stock price surge to $202, delivering an impressive 300% return over the past year as the social media platform continues to report strong user growth and make strides in improving its advertising technology.
In a note to investors on Jan. 22, investment bank Roth Capital downgraded the stock to Neutral from Buy. The investment bank predicted that the company’s revenue growth would decelerate in upcoming quarters, and it expects RDDT’s EBITA margins to drop over the next year.
Even the most tech-savvy among us has been duped by artificial intelligence — or at least those behind the curtain.
Second, Arm is working on boosting its royalty rates. The company kicked off an initiative in 2019 to generate an additional $1 billion in annual revenue through higher royalty rates. Analysts expect Arm to produce a bit less than $4 billion in revenue during fiscal 2025, so that extra $1 billion would represent a substantial increase.