GameStop shares slumped 20% on Friday after the video game retailer announced a share sale to raise up to $3 billion even as its quarterly sales declined.
Read More GameStop spooks investors with share sale, results ahead of “Roaring Kitty” livestream
GameStop shares surged after the stocks influencer “Roaring Kitty” returned to Reddit with a post showing a $116 million bet on the embattled videogame retailer.
Read More Massachusetts regulator probes ‘Roaring Kitty’s’ GameStop trades
Shares of Reddit rose 14% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to draw in more users for the social media platform.
Read More Reddit stock jumps after OpenAI partnership
Reddit’s shares jumped in their debut, signaling that investor appetite for IPOs of promising yet loss-making companies could be returning.
Read More Reddit shares soar 38% in market debut
Social media platform Reddit geared up for its high-profile market debut on the New York Stock Exchange.
Read More Reddit set for hotly anticipated debut after pricing IPO at top of range
Reddit is aiming for a valuation of up to $6.4 billion in its U.S. initial public offering.
Read More Reddit targets up to $6.4 billion valuation in much-awaited US IPO