Democracy Dies in Darkness
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Reddit’s shares soar in stock market debut
As the social media platform goes public, users fret that shareholders might destroy the site’s authenticity
7 min
Reddit made its long-awaited stock market debut on Thursday, and it wasn’t long before interest in the nearly 20-year-old social media company began to surge.
At market close, the company’s share price settled at $50.44, nearly 50 percent higher than its IPO price of $34 per share.
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