A literal meme stock may soon be on the way.Reddit, the popular social sharing platform, has plans to go public later this year, according to a report(Opens in a new tab) in The Information.Back in late 2021, Reddit first started making moves to file for an IPO at a $15 billion valuation.However, many factors - among them the fluctuating markets, inflation, high interest rates, and a downturn specifically among tech stocks - put Reddit's aspirations to go public on hold in 2022.
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