Reddit stock price soars after social media player reports rare profit

Reddit's stock leaps nearly 40% after the social media company reported a quarterly profit amid strong user growth.

Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.

Business - MarketWatch - 23 hours ago

Reddit shares soar after company turns first-ever profit

Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue. Reddit on Tuesday reported a quarterly profit for the first ...

World - The Guardian - 8 hours ago

Trump Media’s Soaring Share Price Masks Truth Social’s Internal Strife

Employees have complained to the board about hiring and management practices at the parent company of Truth Social, which serves as the main online megaphone for former President Donald Trump.

Business - The New York Times - October 23

Trump's social media company is now worth more than Musk's X after recent surge in stock price

Donald Trump’s Truth Social is now worth more than Elon Musk’s X

Tech - ABC News - Yesterday

Trump Media’s Stock Price Soars, Adding $2 Billion to Trump’s Stake

The sharp rise in the share price of the parent of Truth Social has added about $2 billion to the net worth of former President Donald J. Trump.

Business - The New York Times - October 15

Reddit shares close up 42% on profitability, rosy guidance

Reddit shares popped Wednesday, one day after the company reported rosy third-quarter results.

Business - CNBC - 3 hours ago

Reddit shares soar 25% as it turns its first profit

Social media platform says it has attracted nearly 100mn daily active users with its ad tech investments starting to pay off

Business - Financial Times - 23 hours ago

Cowboys CB Trevon Diggs confronts reporter over social media post after loss to 49ers

The 49ers held on to beat the Cowboys 30-24 on Sunday night.

Sports - Yahoo Sports - 2 days ago

Cowboys' Trevon Diggs apologizes to reporter for heated confrontation over social media post after loss to 49ers

Trevon Diggs confronted WFAA’s Mike Leslie for a social media post he made about him during the Cowboys’ loss to the 49ers on Sunday.

Sports - Yahoo Sports - 1 hour ago

Reddit's explosive user growth and AI tools help it soar to its first-ever profit

For the first time in its nearly 20-year history, Reddit is turning a profit

Tech - ABC News - 3 hours ago

Reddit’s Sees First-Ever Profit as Explosive User Growth and AI Tools Help it Soar

The social discussion platform beat Wall Street analyst forecasts, with quarterly sales results better than 10 percent above estimates.

Business - Inc. - 5 hours ago

Move Over, Duolingo. Dunkin’ Is the New Chaotic Social Media Power Player

The chain’s latest online shenanigans prove that everything—even a Halloween-themed doughnut—can become a meme.

Business - Inc. - 6 days ago

Caterpillar’s stock falls as weak equipment sales lead to a rare profit miss

Caterpillar’s stock fell after a rare profit miss, while revenue was below expectations for a fourth straight quarter.

Business - MarketWatch - 8 hours ago

Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand

TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.

Business - CNBC - October 18

49ers fans troll Cowboys on social media after blowout loss to Lions

The 49ers Faithful wasted no time making jokes at the Cowboys' expense after Dallas' 47-9 blowout loss to the Detroit Lions on Sunday at AT&T Stadium.

Sports - Yahoo Sports - October 14

Netflix's subscriber growth is slowing, but its profit and stock price are still surging

Netflix says its subscriber growth slowed dramatically during the summer, a sign that the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off

Tech - ABC News - October 17

Man arrested in SEC social media account hack that led the price of bitcoin to spike

An Alabama man has been arrested for his alleged role in the January hack of a U.S. Securities and Exchange Commission social media account that led the price of bitcoin to spike, the Justice ...

Tech - ABC News - October 17

BP reports lowest quarterly profit since pandemic on weak oil prices

Energy group pledges to review share buyback plan in February after latest $1.75bn repurchase

Business - Financial Times - Yesterday

Trump Media stock surges as election betting odds shift, Truth Social launches streaming site

The DJT surge came as some election betting markets shifted in favor of Donald Trump over Kamala Harris, and as Trump Media launched a Truth+ streaming site.

Business - CNBC - October 14

Cowboys CB Trevon Diggs walks out of locker room, lashes out at reporter about social media critique

Diggs took exception to a social media post from a local reporter during Dallas' loss to the 49ers

Sports - CBS Sports - 2 days ago

UPS’s stock gets a rare ‘sell’ warning just days before its earnings report

UPS shares took a hit on Monday after a Wall Street analyst made a rare call to sell, citing near-term concerns over what weak parcel demand will mean for its earnings.

Business - MarketWatch - October 21

Reddit shares soar 22% on earnings beat and better-than-expected forecast

Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.

Business - CNBC - Yesterday

Trump Media shares fall nearly 10% after DJT plunge triggers trading halt

Trading in Trump Media shares was briefly halted due to volatility, after the Truth Social owner's stock suddenly plunged in price.

Business - CNBC - October 15

Trump Media's stock is halted after sudden plunge in DJT shares

Trading in Trump Media, owner of Truth Social, was halted briefly on Tuesday after the stock suddenly plunged.

Social Media Layoffs Hit Meta

The tech giant confirmed an unspecified number of job cuts at WhatsApp and Instagram.

Business - Inc. - October 17

Tech firms remove social media accounts of a Russian drone factory after an AP investigation

Google, Meta and TikTok have removed social media accounts belonging to an industrial plant in Russia’s Tatarstan region aimed at recruiting young foreign women to make drones for Moscow’s war in ...

World - ABC News - October 17

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