Reddit Inc(NYSE:RDDT) has turned the tables onSnap Inc(NYSE:SNAP) in social media rankings, climbing 12% on Election Day to reach a market cap of $21.5 billion, ahead of Snap's $20.4 billion.
This milestone is a striking achievement for Reddit, which, despite having one-fourth of Snap's user base and revenue, has investors far more bullish on its prospects.
Snap's Diminishing Spark: Stuck In A Growth Rut
For Snap, this recent development highlights an ongoing struggle to secure its footing in the competitive social media space. Snap's trading price of just over $12 per share reflects investor...
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