Reddit investor Tom Sosnoff says IPO could benefit from being the only ‘pure social media’ stock

News Snapshot:

Reddit may have a lane on Wall Street all to itself when it goes public later this week, according to Tom Sosnoff, CEO at brokerage firm TastyLive. Sosnoff told CNBC's " Squawk Box " on Wednesday that Reddit will fill a niche in the market for investors who want to bet on the growth of social media. "I think Reddit's going to be a really interesting play because it's going to be, for most investors, the only tradable pure social media app," Sosnoff said. Reddit's IPO is expected to price on Wednesday, with the stock set to trade on Thursday....