Big news about Reddit! A giant investment company called Coatue Management bought a huge chunk of Reddit stock. It's like they bought a giant piece of a very popular online community. This made Reddit's stock price go way up!
- Coatue Management invested about $1 billion in Reddit.
- Reddit's stock price has nearly tripled since last October.
- Reddit made a profit and its users increased a lot.
- Experts think Reddit's stock price might stay around where it is.
| Fact | Number |
|---|---|
| Coatue's investment | $1 billion |
| Reddit's stock price increase (since October) | Nearly tripled |
| Reddit's daily active users increase | 47% |
| JPMorgan's price target for Reddit stock | $185 |
