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Exploring the Potential of Reddit's Recent IPO

Summary by kalkinemedia.com
Headlines Reddit has seen significant user growth, with 91 million daily active users, a 51% increase year-over-year. The company generated $281 million in total revenue during Q2, with a substantial portion coming from advertising. With $1.7 billion in cash and positive free cash flow, Reddit is positioned to explore growth opportunities. Initial public offerings (IPOs) often present exciting opportunities for investors. Entering the market c…
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