In what is a nice change of pace for earnings we’ve covered so far this earnings season, Reddit (NYSE: RDDT) has seen a massively positive response to its third quarter results.
The company saw its stock soar 24% in after hours trading, crossing the $100 line following the release of their results. We’ve covered Reddit in the past and made a bull call back when the stock was $60, over on the SmallCapSteve Channel and substack.
What’s our take on the earnings? What causing the run? And why should we care?
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Lets dive in.
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