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On the first day of trading, there was a stock surge
Reddit COO Jen Wong has said the social media platform is focused on three markets for future of its business, advertising, transactions between users and selling data to artificial intelligence companies. “Reddit’s corpus of information is incredibly important to the training of large language models,” she added. Wong further said Reddit has about 19 years…
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A lot of people on the forums are against the IPO
Reddit, the micro-blogging site, is offering its users a chance to buy shares in its initial public offering (IPO). The company aims to raise up to $1 billion in its IPO which is expected to be the biggest by a US social media platform in more than two years. Reddit’s Co-founder and CEO Steve Huffman…
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The IPO Filing is missing something for co-founderAlexis Ohanian
Reddit has filed for an Initial Public Offering (IPO) with the Securities and Exchange Commission (SEC) which is likely to value the social media site at about $1 billion. This is the first time Reddit will go public since it was founded in 2003. Founded by Steve Huffman and Alexis Ohanian, Reddit has 72 million…
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The site is going public and is making it easy to invest
Reddit has filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). Reddit listed data licensing and model training as part of its monetization strategy. “Reddit is one of the most important data sets of just human beings talking about interesting things in the world,” Co-founder and CEO Steve Huffman…
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More than six thousands of subreddits went dark to protest the changes
Several Reddit subreddits are going private for 48 hours on June 12 to protest against CEO Steve Huffman’s FridayAMA and API pricing hike. The move has been organised by a subreddit called r/Save3rdPartyApps. “I…hope Reddit listens. showing humanity through apology and recognising that this process was handled poorly, and concrete promises to give developers more…
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The growing dark spot is causing the website to crash
Several subreddits on Reddit went private on Monday in protest of the platform’s API pricing plan, after CEO Steve Huffman said he would move forward with it during an AMA on Friday. Reddit’s status page reported a “major outage” affecting Reddit’s desktop and mobile sites and its native mobile apps. The company stated that they…
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The website doesn’t mean to say it isn’t messing with1080p
After YouTube announced that it was testing whether to make premium videos in 4K or higher resolution ad-free, a Reddit user commented, “YouTube should not have to pay for 4K or higher resolution ad-free viewing unless you want to pay.” Another user wrote, “This is a sign of YouTube’s downfall, and it’s understandable given cost…