On May 28, Reddit rose 5.03% in regular trading, trading at $161.8/share, with trading volume of $435 million.

On the news front, Reddit officially announced that its native Shopify integration is now broadly available to global advertisers. The integration enables merchants to directly connect Shopify's e-commerce platform with Reddit's advertising ecosystem, streamlining ad placement workflows and enhancing marketing efficiency. The market views this as a significant step in strengthening Reddit's advertising business monetization capabilities, expected to further boost its ad revenue.

Notably, Reddit's most recent quarterly earnings report significantly exceeded expectations, with revenue surging 68% year-over-year to $585 million and daily active users reaching 116 million, up 19% year-over-year. The strong fundamental backdrop continues to support market sentiment alongside the new commercial partnership announcement.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)