This episode was first played on our global news podcast, Today in Focus. Reddit is one of the last mainstream social media platforms that still resembles something of how the internet used to be. A place where humour abounds, niche interests are obsessed over, gossip is traded and viral videos are spread. Think of it … Read more
Reddit is one of the last mainstream social media platforms that still resembles something of how the internet used to be. A place where humour abounds, niche interests are obsessed over, gossip is traded and viral videos are spread. Think of it as Facebook’s subversive cousin, or Wikipedia’s anarchic little brother. But for how much … Read more
A big concern ahead of the public listing was that Reddit, the platform that gave birth to the memestocks of 2021, could also suffer the wild price swings caused by large numbers of investors coordinating their strategy over social media, including Reddit itself on forums such as r/wallstreetbets. Reddit’s IPO is a test of investor … Read more
The amount of time Reddit reports that users spend with its service hasn’t significantly budged either. In September 2021, the company said that US users on average engaged for 28 minutes a day. It ticked up to 30 minutes that December. In December of 2023, the company specified a figure only for “logged-in” US users, … Read more
Reddit said ahead of its IPO next week that licensing user posts to Google and others for AI projects could bring in $203 million of revenue over the next few years. The community-driven platform was forced to disclose Friday that US regulators already have questions about that new line of business. In a regulatory filing, … Read more
Alyssa Videlock was 11 years old when she started searching for people like her on the internet. What she found, back in the early 2000s, was not at all what she’d hoped for. “Being trans online was not really a thing,” she says. “There was fetish stuff for it, and there were stories about transformation. … Read more
In this photo illustration, the Reddit logo is displayed on a cell phone and computer monitor on February 13, 2024 in Los Angeles, California. Mario Tama | Getty Images Reddit aims to raise up to $748 million as part of its upcoming IPO, in which the social media company is seeking a valuation of about … Read more
Reddit disclosed 2023 revenue growth of 20% and said its core business relies on online advertising sales when it filed to go public on Thursday. But the social media company can attract more than advertisers. “This is an AI play,” Herb Greenberg, Editor of “Herb Greenberg | On the Street” on Substack, explained on CNBC’s … Read more
Reddit didn’t immediately respond to a request for comment for this story. Unwanted Offer Reddit’s investment offer to users is known as the Directed Share Program. “Because you have helped make Reddit what it is today, you now have the opportunity to become Reddit owners at the same price as institutional investors,” the company wrote … Read more
Reddit has agreed to provide Google with access to its content to train the tech giant’s artificial intelligence (AI) models, the social message board site announced on Thursday. The deal, which is reportedly worth $60 million, allows Google to use Reddit’s data application programming interface (API). “With the Reddit Data API, Google will now have … Read more
