Reddit Inc. is telling potential investors in its initial public offering that it expects revenue in 2024 to grow by more than 20% versus the previous year, according to a person familiar with the situation.
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What Are Meme Stocks, and Are They Real Investments?Meme Stocks: What Are They And How Do They Work?Top trending meme stocks to watchReddit shares rise 30% to start week after social media company's IPOThe social media company gave guidance at a roadshow event that it was set for a similar revenue trajectory to what it saw last year, the person said. Revenue in 2023 grew to $804 million, according to its filing with the US Securities and Exchange Commission. That’s 20.5% above the previous year’s figure, data compiled by Bloomberg show.
