Reddit shares rise more than 15% in first quarterly earnings since going public

Social networking company reported $575m in losses, but strong revenue and an increase in users buoyed investor confidence Reddit shares rose more than 15% in after-hours trading on Tuesday following its first quarterly earnings since going public in March. The company reported overall losses of $575m, citing expenses from its initial public offering for the decline. But strong revenue and user increases boosted confidence in the company after its long-awaited public offering. Reddit reported a ...