Workflow
Will Reddit Be Worth More Than Apple by 2030?
RDDTReddit(RDDT) The Motley Fool·2024-11-23 16:41

One of the hottest tech stocks cruising atop the market these days is Reddit (RDDT -7.18%). The company has seen its share price balloon by over 170% since its March initial public offering (IPO), with much of that rise coming after its late-October earnings release.The stock's momentum has pushed it to a market cap of over 24billion.Suchanadvancementisreminiscentofthe(admittedlyfarmorelong−term)riseofmightyApple(AAPL0.5924 billion. Such an advancement is reminiscent of the (admittedly far more long-term) rise of mighty Apple (AAPL 0.59%). Yes, Apple is a nearly 3.5 trillion company these days, but if ...