![Reddit shares close up 42% on profitability, rosy guidance newsthirst.](https://newsthirst.com/wp-content/uploads/2024/10/107391073-1711045716361-gettyimages-2095070780-AFP_34M34Y8-600x400.jpeg)
Reddit shares close up 42% on profitability, rosy guidance newsthirst.
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Timothy A. Clary | AFP | Getty Images Shares of Reddit closed up 42% on Wednesday, one day after the social media company posted a surprise profit in its third-quarter results and offered rosy…