Reddit, Inc. (NYSE:RDDT) is among the stocks Jim Cramer discussed alongside the tech market divide. Noting that they have experienced a loss in the stock, a caller asked for Cramer’s thoughts on it. In response, he said:
I’m glad you asked me. I was talking about it today. It’s down 40%. We use it for my wife’s mezcal because it’s just got a good mezcal affinity group. I think a lot of people use it. They don’t charge enough. I shouldn’t say that; now they’re going to raise our prices. But I think that they should be making more money off their different groups. But the company is really suffering right here, I’m sorry, the stock is suffering, the company’s not. Big dispute over the Google feed and whether Google’s treating them right. All nonsense. Reddit’s a good company.
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Reddit, Inc. (NYSE:RDDT) runs an online platform that hosts communities where users connect over shared interests, exchange ideas, and share content such as posts, images, and videos.
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