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Reddit Stock Rises After Bigger-Than-Expected Jump in Users

Reddit Stock Rises After Bigger-Than-Expected Jump in Users

Reddit stock rose after the social-media company reported a bigger-than-forecast increase in users in its first set of results as a public company. Daily active users rose 37% to 82.7 million, Reddit said late Tuesday, ahead of the 77 million that analysts were expecting. Reddit shares (RDDT) were up more than 2% in recent trading Reddit, which was founded in 2005, went public in March.