Reddit (RDDT) Stock

Reddit is ramping up efforts to attract more users outside of the U.S., putting countries like India and Brazil in focus, a top company executive told CNBC. Expansion into new markets could help Reddit unlock new advertising revenue internationally.

The Investment Committee discuss their latest portfolio moves. Bryn Talkington sells Devon Energy, Steve Weiss sells Transdigm, and Josh Brown talks about the new street high target for Reddit.

Building a business based on user-generated content has proven to be lucrative.

Reddit's (RDDT -7.18%) stock price has more than quadrupled since it went public eight months ago at $34 per share. The social media company dazzled investors with its rapid growth in users and revenue, and it turned firmly profitable in its latest quarter.

One of the hottest tech stocks cruising atop the market these days is Reddit (RDDT -7.18%). The company has seen its share price balloon by over 170% since its March initial public offering (IPO), with much of that rise coming after its late-October earnings release.

The run-up in the stock price has dramatically increased its valuation, leaving investors to question whether they are too late.

Reddit (RDDT) stock sank Friday on a report Advance Magazine Publishers planned to borrow against its stake in the social media platform and regulatory filings disclosed Chinese conglomerate Tencent Holdings sold shares.

This morning, at around 7 a.m. PT, the social media platform Reddit experienced yet another outage after experiencing one yesterday afternoon.

Reddit said on Wednesday it has rolled out a fix for a software bug that prevented tens of thousands of people from accessing the social media platform in the U.S.