"There were a lot of people who understandably were skeptical of Reddit and the IPO, just given the history. But it does seem that they have seized upon something. Now the big question that people have is how sustainable is this momentum?"
"Reddit's third quarter report showed a 68% jump in revenue to $348.4 million, while earnings reached 16 cents per share, compared to estimates of a 7 cent loss."
"Shares of the user-forum website operator soared 40% following a strong third quarter earnings report in late October. With further gains in the weeks since then, Reddit stock is now up more than 250% from its March listing price of 34."
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