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Social Stocks Rally on Reddit User Growth While Meta and Alphabet Lag

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The Story

News Summary

  • Reddit shares jumped after Piper Sandler reported 8% monthly user growth in August, lifting peers like Pinterest and Snap.
  • Meanwhile, the SOCL ETF dipped as mega-caps Meta and Alphabet lagged, easing immediate sector-wide advertising slowdown fears sparked earlier in the week.
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META price history

648.03 +5.98% over the displayed period

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