Reddit’s Red-Hot IPO, Apple $113B Loss, and Nike and Lululemon’s Consumer Concerns 3/22/24

Reddit is enjoying the fruits of its IPO yesterday, jumping nearly 50% in its debut. Cleo Capital’s Sarah Kunst lays out the road ahead. Plus, Apple’s stock has shed $113 billion in value after the Department of Justice launched an antitrust case against the company. Big Technology’s Alex Kantrowitz explains. And, shares of Nike and Lululemon are falling on concerns about slowing growth. AB Bernstein’s Aneesha Sherman dives into the quarters.

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