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
Reddit cofounders Steve Huffman and Alexis Ohanian spent about eight straight years living together, initially as college room mates, playing World of Warcraft late into the night and later working together on the foundations of the discussion forums service now frequented by nearly 270 million people. But that history was missing from Redditâs sales pitch … Read more
If you happen to find yourself on the streets of San Francisco, dear Jalops, keep an eye out. There’s an interesting car that’s been left on one of the city’s streets, and we want you to find it. First sent to us via EVUniverse.com and originally posted on Reddit, someone spotted a seemingly abandoned original Tesla … Read more
