Anita Hamilton is an Assistant Managing Editor for Barron's, a leading financial publication. With a focus on various topics related to the economy, business, and personal finance, Anita provides insightful analysis and reporting on trends and developments that impact individuals and the broader financial landscape.
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Anita's coverage predominantly focuses on personal finance and the economy, with a particular interest in investment analysis and data-backed reporting. She frequently covers topics such as retail, jobs, investing, and business.
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By: Anita Hamilton
The company’s stock is lagging the broader market this year but it’s still number one in market cap.
The company froze it’s pension plan a decade ago and most private-sector workers don’t have them. They are just too expensive.
The company froze it's pension plan a decade ago and most private-sector workers don't have them. They are just too expensive.
Long a social media underdog in the shadow of Facebook and TikTok, Reddit stepped into the limelight this year when it signed deals to train artificial intelligence models from both Google and OpenAI. After closing at a record high close Friday, shares fell 2% Monday, to just shy of $80 as a slew of analysts weighed in on the coming results. The biggest worry, as detailed by Bernstein analyst Mark Shmulik, is that all the excitement over Reddit’s AI deals has already been priced into the stock.
By: Anita Hamilton
The stock has more than doubled since its March IPO. Active users and ad revenue are rising, as are investor expectations.
Reddit stock rocketed 18% in after-hours trading on third-quarter revenue of $348.4 million, far surpassing analyst estimates of $313.6 million. In its fourth-quarter guidance, Reddit estimated revenue in the range of $385 million to $400 million, which would bring total 2024 revenue to between $1.26 billion and $1.27 billion. Long a social media underdog in the shadow of Facebook and TikTok, Reddit stepped into the limelight this year when it signed deals to train artificial intelligence models from both Google and OpenAI.
Reddit stock rocketed higher Wednesday, a day after the social-media company reported third-quarter revenue of $348.4 million, far surpassing analysts’ estimates of $313.6 million. Shares were up 36% to $111 Wednesday morning. If it holds on to Wednesday’s gains, the stock with will close at more than three times its March initial public offering price of $34.
Reddit stock rocketed higher Wednesday, a day after the social-media company reported third-quarter revenue of $348.4 million, far surpassing analysts’ estimates of $313.6 million. If Wednesday’s gains hold, the stock will close at more than three times its March initial public offering price of $34. The rise is a real Dr. Jekyll and Mr. Hyde story, Bernstein’s Mark Shmulik wrote Wednesday.
STOCK ALERT Shares of online commerce site eBay were falling 10% in premarket trading Thursday to $56.39 after the company reported earnings. Its full-year revenue guidance came in light. The company estimated revenue of $10.
Two years after Roe v. Wade was overturned, reproductive rights are taking center stage in ballot initiatives across 10 states. Voters from Arizona to South Dakota will get to decide whether to amend their state constitutions to legalize abortion. The exact protections being decided vary dramatical
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