CEO Steven Huffman Just Delivered Wonderful News for Reddit Investors

Reddit (NYSE: RDDT) investors had plenty to cheer about after the company recently reported third-quarter earnings. The company smashed through earnings and revenue estimates. It then raised its fourth-quarter guidance ahead of what analysts had been modeling, prompting a slew of analyst upgrades and higher price targets. The stock has soared roughly 58% since that report, aided by a broader rise in the stock market after Donald Trump's victory in the presidential election.However, the company didn't just report good numbers, it also achieved a major milestone in the third quarter. CEO Steven Huffman just delivered wonderful news for Reddit investors. Most internet users have likely engaged with Reddit before. If you've ever typed a question in a Google search bar, there is a good chance you've found yourself on a Reddit subpage, where people ask questions that others answer. The most liked responses climb the board and become more visible. Reddit's simple user interface has made it a go-to source for information and advice.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool