Reddit IPO stock price: Live updates as the internet reacts

Reddit went public on Thursday, after much anticipation and speculation. The IPO price was set at $34 per share and, by 4 p.m. ET, when the closing bell rang, it had risen and held steady, closing the day at $50.31 per share. That represented a nearly 50 percent increase. Reddit is obviously an important website in the ecosystem of the online world. It has, however, never been a particularly profitable endeavor. In fact, in its 18 years of existence it has never turned a profit. That fact, paire