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Reddit went public in 2024 and is a more popular, profitable site than ever in its 20-year history. BI spoke to 11 Reddit employees about the new challenges and maintaining its beloved culture.
Here’s what you need to know about Reddit’s unusual IPO, ... March 21, 2024 at 4:29 PM. After years of anticipation, Reddit finally conducted its initial public offering (IPO). Nicknamed the ...
In the filing, Reddit said that in January 2024 it entered into “certain data licensing arrangements” totaling $203 million with terms ranging from 2-3 years, with a minimum of $66.4 million ...
In addition to ad revenue, Reddit is monetizing the posts on its platform through AI data-licensing deals inked in January 2024, which it disclosed will total $203 million with terms ranging from ...
Reddit's IPO marks the first major company to go public in 2024. But ... Reddit's IPO was priced at a valuation near $6.5 billion, down from its $10 billion private valuation in 2021.
March 20, 2024 at 6:00 AM. Photo by Bryan Steffy—Variety via Getty Images. ... This includes Sam Altman, CEO of OpenAI, who will have 9.1% voting power after the Reddit IPO, while his shares ...
Some of the shares sold in the IPO will be new shares issued by Reddit, and some will be existing shares held by its investors and employees, one of the sources said. ... March 1, 2024 at 7:19 PM.
Reddit, which revealed a net loss of $90.8 million in its IPO filing on Thursday, is more akin to the swaths of high-growth, money-losing companies that went public two years ago. It has ...