'Meme stock mecca' Reddit surges 48% on its first day on Wall Street, closing up to 70% of its value
Reddit, a U.S. social networking company that went public on the New York Stock Exchange on November 21 (local time), soared nearly 50 percent on its first day of trading. On the New York Stock Exchange, Reddit closed its first trading session at $50.44, up 48.4 percent