27 May 2021, 01:05 am
On Wednesday, May 26, Jim Cramer of CNBC hit those who bet in on AMC Entertainment and GameStop. According to him, he was not sure why investors would waste their time on the two meme stocks that created loud news on the WallStreetBets forum on Reddit.
Cramer has left a series of comments about the sudden increase of shares of the two companies. During that day, GameStop s stocks have skyrocketed to 16% while the AMC shares shot up at 19%. While these indications are good news for those who bet their money to the said firms, there could be a downside in considering them.
5 March 2021, 10:00 am EST By
Arguably the world s most popular internet messaging board is now entertaining the fact about going public. Reddit, the popular social network and bulletin, recently stated that it had actually appointed its first Reddit CFO or chief financial officer. The person they chose was Drew Vollero, in a move towards helping to tidy up all of the company s books before launching a final stock public offering.
Reddit new CFO Drew Vollero
According to the story by The New York Times, when asked to address the question as to whether or not Reddit is going public, the company s chief executive, Steve Huffman, noted in an interview that the company is actually thinking about it as of the moment and is still working towards it.