Reddit partners with OpenAI, boosting stock by 11%

From Investor’s Business Daily: 2024-05-17 06:35:00

Reddit (RDDT) partnered with Microsoft-backed OpenAI, causing Reddit stock to soar. OpenAI will have access to Reddit’s Data API for real-time learning, while Reddit will receive AI-powered features. RDDT stock jumped 11% in premarket trade to nearly 63, shaping an IPO base. Various subreddits have been at the forefront of meme stock investing.



Read more at Investor’s Business Daily: Reddit Jumps On OpenAI Partnership