Reddit faces new actuality after cashing in on its IPO

Steve Huffman

Enlarge / Steve Huffman, u/spez on Reddit, bought 500,000 of his shares in Reddit’s IPO on Thursday (credit score: AFP by way of Getty Photographs)

In an interview on the New York Inventory Alternate buying and selling flooring forward of Reddit’s market debut on Thursday, chief government Steve Huffman acknowledged that the mischievous retail traders that congregate on the social media platform would possibly intentionally drive down its share worth.

“It’s a free market!” he stated.

For Reddit, as for Huffman, the guess on a public providing for a web site he described as a “enjoyable and particular, however typically loopy place” has appeared to repay.

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