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Reddit shares soar on first day of trading as social media platforms IPO arrives

Reddit made its debut on Wall Street Thursday in an eagerly anticipated initial public offering aimed at infusing the social media company with hundreds of millions in capital. Shares of Reddit soared as much as 54% in their first day of trading on Thursday afternoon, reaching $52.29. That’s far above the $34 IPO range projected by the company. Investors have …

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United Airlines now allows travelers to pool their air miles with others

Customers who have racked up travel miles with United Airlines can now share those points with up to four other passengers under a new program the airlines announced Thursday. Anyone 18 or older with a MileagePlus membership can link their online account and combine their miles with those accumulated by family or friends from previous flights, United said. As with …

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