SAN FRANCISCO — Reddit, that vast, lively and sometimes chaotic repository of internet discussion, is expected to carry a valuation up to $6.4 billion when it conducts its initial public offering on the stock market. The offering also makes Reddit one of the first online companies to offer shares to its contributors — the “Redditors” who comment on its boards …
GameStop shares have literally headed to the moon, rising 1,200% this year, on the back of coordinated buying by the 2.7 million-strong r/WallStreetBets group on Reddit. Not many took notice, until famed fund manager Michael Burry acquired a stake in the company and wrote to the management to use the cash on its books to buy back shares. A couple …
