Reddit pops 48% in NYSE debut after selling shares at top of range
Reddit shares jumped 48% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019.
Reddit asian news
Sam Altman's Reddit stake worth over $600 million after first day pop on NYSE
OpenAI CEO Sam Altman says he has no equity in the $80 billion artificial intelligence startup he co-founded in 2015.
CNBC Daily Open: Wall Street heaves a sigh of relief
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Reddit prices IPO at $34 per share in first major social media offering since 2019
Reddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range.
Reddit power users balk at chance to participate in IPO as Wall Street debut nears
Sarah Gilbert spends a lot of time on Reddit. For the past three years, she's helped moderate the r/AskHistorians subreddit, which has 2 million members and was the subject of her Ph.D. dissertation. She's been a lurker on the forum since 2012.
Amazon gets boost from 72% pop in AI company Astera Labs' IPO
Amazon CEO Andy Jassy loves to talk about how much his company is benefiting from the artificial intelligence boom. On Wednesday, Amazon got an AI boost in a different way.
Google, Meta and others face tough questions in Australia over cyber extremism threats
SYDNEY (AP) — Australia’s online safety regulator has put social media giants on notice, requiring them to explain what they are doing to to protect people from violent extremists and terrorists.
FTC conducting inquiry into Reddit's AI data-licensing practices ahead of IPO
Reddit said on Friday that the Federal Trade Commission sent a letter to the company about its data-licensing business related to the training of artificial intelligence systems.