Reddit just released its first-quarter earnings report as a newly public company. The social media and chat platform pleasantly surprised investors with a significant increase in revenue.Following the release of its earnings report on Tuesday, Reddit stock skyrocketed by 15% to $57 per share in after-hours trading, marking its highest level since its initial public offering in March. Reddit's debut quarter performance surpassed Wall Street's projections.In the first quarter of the year, Reddit reported a revenue of $243 million, representing a notable 48% increase compared to the same period last year and surpassing the anticipated $214 million. However, the company also disclosed a loss of
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