Reddit at $5B seems eminently reasonable
Reddit's feeling out its own IPO valuation is crucial, especially given that hightened regulatory scrutiny is restricting M&A as an exit avenue for unicorns. © 2024 TechCrunch. All rights reserved....
View ArticleFidelity cuts Meta-backed Meesho valuation to $3.5B
Fidelity has cut the value of its holding in Meesho by 33.6% since the original investment, giving the Indian social commerce startup a valuation of $3.25 billion. Adjusted for outstanding shares,...
View ArticleSocial networks are getting stingy with their data, leaving third-party...
2023 was the year social networks realized that they were sitting on massive troves of data. And some companies, such as Twitter (now X) and Reddit, decided to change their terms to shut out...
View ArticleReddit files to go public at last
Social media giant Reddit filed to go public today. Its long-awaited S-1 filing will see it approach the public markets potentially at the head of a long column of richly valued technology startups and...
View ArticleReddit says it’s made $203M so far licensing its data
Reddit’s prospects as it barrels toward a stock market listing have a lot more to do with relationships with AI vendors such as OpenAI than one might expect. In its IPO prospectus filed today with the...
View ArticleReddit cites r/WallStreetBets as a risk factor in its IPO filing
As Reddit finally files to go public, the company wrote in its S-1 filing that “meme stock” schemes on r/WallStreetBets could pose a risk to investors. The subreddit r/WallStreetBets, a community of...
View ArticleReddit downplays risks of developer backlash, decentralized social media in...
Reddit’s long-awaited IPO is nearing, promising to be the largest social media IPO since Pinterest. But in the company’s S-1 filing, Reddit fails to fully address the complications that arose from...
View ArticleReddit IPO could usher in the next big meme stock, users speculate
Jeremiah Johnson says he has “an embarrassing amount” of Reddit karma. So, as a longtime moderator of subreddits like r/economics, he was part of a select group of power users who were granted first...
View ArticleReddit should go public at $5B, according to secondary data
If secondary buyers aren't buying shares at more than a $5 billion valuation, it wouldn't be wise for Reddit to price its IPO above that. © 2024 TechCrunch. All rights reserved. For personal use only.
View ArticleReddit launches free tools to help businesses grow their presence on the site...
Reddit announced today that it’s launching a suite of tools, called Reddit Pro, to help businesses grow an organic presence on the platform. The launch comes as Reddit is readying its initial public...
View ArticlePotential ‘meme stock’ Reddit will let Redditors sell shares immediately
Reddit’s IPO should be interesting to watch — and not just because the business remains unprofitable, but also because of how the company has chosen to bring in its community of active users and...
View ArticleReddit’s planned IPO share price seems high, unless you look at its AI revenue
If investors agree to pay its high-end range, Reddit's valuation should hit around $5.4 billion. © 2024 TechCrunch. All rights reserved. For personal use only.
View ArticleTechCrunch Minute: Reddit’s IPO success may hinge on AI boom
The long-running dearth of IPOs could be coming to a close, partly due to Reddit’s upcoming public debut. Expected to list this month, Reddit saw its valuation soar during the pandemic. Now, the...
View ArticleReddit introduces a new ad format that looks similar to posts made by users
Reddit is introducing a new ad format that looks similar to posts made by users on the platform, the company announced on Thursday. The launch comes as Reddit is readying its initial public offering...
View ArticleReddit prices IPO at $34 per share, the top of the range
Reddit priced its stock on Wednesday at $34 a share, the top of the anticipated range, a signal that investors are excited about the company’s IPO on Thursday. The social media giant raised nearly $500...
View ArticleReddit stock closes up nearly 48% on its first day of trading
Shares of social forum giant Reddit closed its first day of trading at $50.31, up nearly 48% from its IPO price of $34 per share. The company had indicated a target range of $31 to $34 per share in the...
View ArticleVana plans to let users rent out their Reddit data to train AI
In the generative AI boom, data is the new oil. So why shouldn’t you be able to sell your own? From Big Tech firms to startups, AI makers are licensing e-books, images, videos, audio and more from data...
View ArticleReddit CPO talks new features — better translations, moderation and dev tools
It’s a big year for Reddit. After its IPO, the platform is planning a slew of product features for the year ahead, and — spoiler alert — most of them are powered by AI. “I think the IPO was an...
View ArticleReddit is making it easier to navigate conversations on its mobile apps
The company is launching a new unified media player, along with instant comment loading and a direct shortcut to conversations. © 2024 TechCrunch. All rights reserved. For personal use only.
View ArticleIs TikTok getting banned? Not yet, but you should explore alternatives
As a TikTok ban gets closer to becoming a reality in the United States, it might be time to start thinking about other platforms to adopt early in case you need to fill the void left by the popular app...
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