[Reddit (RDDT)160millionpowerball.us) the share price soared 5% and the total market capitalization exceeded $7 billion]
Reddit (RDDT.US) shares showed an upward trend in Thursday's trading.160millionpowerballBy the close, the share price had risen more than 5% to $44.47. Although the closing price is close to its lowest since its listing, the total market capitalization of the stock has successfully broken through the $7 billion mark.
The share price rally is likely to be affected by optimistic expectations about the future of Reddit's business and investor confidence. As an online social platform, Reddit has a large user base and rich content resources, which provides a solid foundation for its future profit growth.
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