The White House is set to meet with key officials to discuss TikTok's future as it faces an April 5 deadline to find a non-Chinese buyer, with private equity firms and major U.S. investors reportedly bidding for its U.S. operations.
Shares of online community and discussion platform Reddit (NYSE:RDDT) fell 6.2% in the morning session after anxiety and uncertainty rattled markets as the major stock indices pulled back in the morning session amid concerns about "reciprocal tariffs" to be announced later in the week. The planned tariffs, scheduled for April 2, 2025 (dubbed Liberation Day), were targeted at all countries where the United States had a trade deficit.
Shares of online community and discussion platform Reddit (NYSE:RDDT) fell 5.9% in the morning session after stocks pulled back (Nasdaq -1.5%, S&P 500 -1.2%) amid fresh concerns about trade tariffs. The pullback followed comments from President Trump clarifying the scope of his administration's 25% tariffs on Venezuela. He noted that it would apply to any country that does business with Venezuela. For example, 25% is on top of the already-in-place 20% tariff on China because China imports oil from Venezuela, which could translate to a 45% tariff on some Chinese goods. This announcement could significantly raise the operating costs for affected companies and institutions.
Reddit, Inc. (NYSE: RDDT) experienced a downturn today, with its stock price dropping 2.13% to $122.33 as of 1:06 PM EDT. The decline follows a trading session marked by a volume of 3,251,551 shares, with the stock opening at $124.00 and fluctuating between a
Shares of online community and discussion platform Reddit (NYSE:RDDT) jumped 8.6% in the morning session after stocks rebounded (Nasdaq +2.0%, S&P 500 +1.5%) following a report from The Wall Street Journal stating that the Trump administration's reciprocal tariffs, to be announced on April 2, 2025, would be more narrowly targeted.
Warner Bros. is turning a viral Reddit horror story from the r/NoSleep subreddit into a movie starring Sydney Sweeney, highlighting Hollywood's growing trend of adapting internet-born content for the big screen.
Internet giants such as Google, Meta, and Reddit could face the loss of key legal protections from liability lawsuits with the 2027 expiration of "Section 230," said a report.
Shares of online community and discussion platform Reddit (NYSE:RDDT) fell 11.9% in the afternoon session after markets seemed to have caught "tariff/trade war fever" once again (Nasdaq down 1.9%, S&P 500 down 1.2%) amid broader geopolitical anxiety. The volatility was perhaps also related to uncertainty surrounding the Fed's rate decision to be announced later in the week. The consensus estimate was for the Fed to keep interest rates at the range of 4.25%-4.5%.
