Reddit shares gained 3.5% after-hours Tuesday following Piper Sandler's recognition of a new feature that streamlines ad campaign imports from Meta Platforms Inc (NASDAQ:META).’s ads manager. The brokerage firm sees the update as a potential catalyst for attracting more advertisers to Reddit's platform.

Reddit's stock has surged over 4x in the past year, but its valuation is now unsustainable. Find out the factors prompting my downgrade to a sell rating on RDDT.

Piper Sandler analyst Thomas Champion recently noticed a new feature in Reddit (RDDT) Ads Manager, namely a beta option to import a campaign

Popular community site became unmentionable – the irony is thick enough to compile Facebook has lifted a temporary ban preventing users from posting links to popular OS comparison site Distrowatch – after going so far as to lock the account of the site's editor.

Social media users are speculating that Meta has bought TikTok, following Donald Trump's announcement that he planned to delay a ban on the app.

He notes the combined market cap and collective active users on platforms like Reddit (RDDT), Snapchat (SNAP), Alphabet's YouTube (GOOG, GOOGL), and Meta Platforms' Facebook and Instagram (META).

In an email to Cybernews, Reddit stressed that the trend was user-driven and that the platform “has no ban on X links.” It hosts over 100,000 active communities covering a wide range of topics and they are free to enforce their own rules, according to the company.

Reddit, Inc. (NASDAQ:RDDT) has seen its stock price surge to $202, delivering an impressive 300% return over the past year as the social media platform continues to report strong user growth and make strides in improving its advertising technology.

Meta has agreed to pay $25 million to settle a lawsuit filed by President Donald Trump against the company after it suspended his accounts following the Jan. 6, 2021, attack on the Capitol.

Paying homage to Kim Stanley Robinson’s Mars trilogy of books and to the film Interstellar, our readers consider the upsides and downsides of genetically altering our future space explorers

Earlier this month, Mark Zuckerberg announced that Meta will cut back on its content moderation efforts and eliminate fact-checking in the US in favor of the more “democratic” approach that X (formerly Twitter) calls Community Notes, rolling back protections that he claimed had been developed only in response to media and government pressure.