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Reddit surged 5% on Piper Sandler data showing 8% month-over-month user growth in August, its fastest pace this year, with Pinterest gaining 2%.
SOCL slipped 0.2% despite the social rally, as heavyweight positions in Meta and Alphabet dragged the fund while smaller pure-plays surged.
A pending 20% reset to Reddit's reported audience size will re-baseline the exact growth metrics investors are rewarding today.
Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Pinterest didn't make the cut. Enter your email to see the names that beat PINS. The report is free. Enter your email and see if any of your stocks made the cut.