Reddit options launch draws bulls as shares extend gains

Reddit options launch draws bulls as shares extend gains

The Star Online - Tech·2024-03-26 08:00

NEW YORK (Reuters) - Options on Reddit drew a flurry of bullish bets on Monday as the social media platform's stock rallied as much as 16% after last week's strong market debut.

Reddit shares soared 48% on the New York Stock Exchange as the company went public on Thursday, despite posting no annual profit since its launch in 2005.

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