Public CEO says Reddit was the most purchased stock on the app Thursday, beating out Nvidia and Tesla

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Social network Reddit started trading publicly Thursday to significant fanfare. Public CEO Jannick Malling says the stock purchases topped Nvidia and Tesla.

Investing app Public shared that Reddit was the most purchased stock on the platform Thursday, beating out tech giants Nvidia and Tesla.shares hit the public markets to tremendous fanfare — but even wilder trading sessions could lie ahead for the social media stock.to close above $50 a share. Investing app Public, which caters to younger investors, saw first-hand how the enthusiasm was rampant."Despite only trading for less than half a day ...

"A lot of options traders on Public were asking about Reddit today — when might we be able to buy options on it," Malling said."Now whether they're going to buy calls or puts; that's the question on everyone's mind.

 

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