Friday, April 5, 2024

US brokerages start Reddit coverage with doubts over turning a profit

U.S. brokerages express doubts about Reddit's profitability and meme stock potential. Bernstein rates 'underperform,' Baird 'neutral.' Reddit faces engagement challenges, struggles with ad tools and ad base growth, while shares fall below debut price.

from Tech-Economic Times https://ift.tt/8YTKfLI
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