{"id":87731,"date":"2024-03-26T01:38:32","date_gmt":"2024-03-26T05:38:32","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=87731"},"modified":"2024-03-26T01:16:15","modified_gmt":"2024-03-26T05:16:15","slug":"reddit-shares-rise-30-to-start-week-after-social-media-companys-ipo","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2024\/reddit-shares-rise-30-to-start-week-after-social-media-companys-ipo.html","title":{"rendered":"Reddit shares rise 30% to start week after social media company\u2019s IPO"},"content":{"rendered":"\n<p>(CNBC) The shares, which debuted at $34 on Thursday, closed at $59.80. Reddit and existing investors raised roughly $750 million combined in the offering. Reddit shares soared 48% on their first day of trading on New York Stock Exchange. A number of moderators and users, known as Redditors, <a href=\"https:\/\/www.cnbc.com\/2024\/03\/21\/redditors-bank-millions-as-a-group-on-stocks-opening-day.html\">earning millions of dollars as a group<\/a>. Along with their friends and family members,<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/03\/25\/reddit-shares-close-30percent-up-following-social-media-companys-ipo.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The shares, which debuted at $34 on Thursday, closed at $59.80. Reddit and existing investors raised roughly $750 million combined in the offering. Reddit shares soared 48% on their first day of trading on New York Stock Exchange. A [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87731","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=87731"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87731\/revisions"}],"predecessor-version":[{"id":87732,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87731\/revisions\/87732"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=87731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=87731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=87731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}