Reddit company timeline: from 2005 to the present, starting with two roommates, Alexis Ohanian and Steve Huffman, and the current New York Stock Exchange debut that made Redditors shareholders become instant millionaires.
Reddit Inc. made a remarkable debut on the NYSE, surging 48%. Tens of thousands of Reddit users participated in the IPO through a directed-share program, resulting in immediate profits for some while others contemplated a long-term investment strategy.
Reddit has set the price of its shares at the top of its targeted range, valuing the popular social media platform at $6.4 billion as it proceeds with its initial public offering (IPO).
On Sunday, sources indicated Reddit's IPO is four to five times oversubscribed, making it more likely to reach its $6.5 billion valuation.
The Federal Trade Commission (FTC) has initiated a probe into Reddit's data-licensing practices related to the training of artificial intelligence (AI) systems.
Reddit wants $748 million to reach $6.5 billion in its most anticipated IPO in the US.
Reddit is going public after submitting its IPO prospectus to the US Securities and Exchange Commission (SEC) on Thursday.
Three sources say Google has agreed to utilize Reddit's material to train its AI algorithms.
Popular social media platform Reddit is reportedly gearing up for its long-awaited initial public offering (IPO) in March.
Hyperloop, a high-tech futuristic transportation system initiated by Elon Musk, is now in progress with the help of crowdsourced teams formed after Musk open-sourced its blueprint. The technology will be tested this summer at SpaceX headquarters and is expected to be operating by 2020.
Reddit has initiated testing the official Android app on Thursday after releasing the beta version on December. Volunteers taking part in the previous test also remain as the first opportunists to test the official version. The official version is expected to override the hiccups existed in the third party application. The CEO of Reddit has hinted for going through massive modernization processes throughout 2016.
When we say TotalBiscuit, it’s the video game YouTuber John Bain. He bids an emotional goodbye to social media citing that he is not able to accept criticisms among other reasons.
Google is reportedly teaming up with Twitter to provide users with instant access to articles, reviving speculations the search giant may be acquiring the micro-blogging site. Re/Code reports the two tech giants are now working on a publishing tool that will enable users to view articles instantly on their mobile phones. That's a departure from the current set-up where users have to wait several seconds for a story to load.
Russia has come up with a new law that empowers the government to not only block websites but also orders them to share data of Russian citizens.
After suffering from a series of "missteps," Reddit and its newly appointed CEO Steve Huffman are dead serious in changing its content rules by banning discussions involving illegal materials, sexual content featuring children, confidential information, private information from individuals, and more.
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