Social media company Reddit soars to $9bn valuation in Wall Street debut | Social Media

San Francisco-based social media platform’s shares close at $50.44 in long-awaited initial public offering. Shares of Reddit soared nearly 50 percent as the social media platform made its long-awaited stock market debut. Investors pushed Reddit’s value close to $9bn after it began trading on the New York Stock Exchange on Thursday, with the company’s share [...]read moreSocial media company Reddit soars to $9bn valuation in Wall Street debut | Social Media