Reddit Prices Shares , at $34 in IPO.
Reddit will go public on March 21 and has priced
its IPO at $34 a share, Yahoo Finance reports.
That is about a $6.4 billion valuation.
A social media company hasn't gone
public since Pinterest in 2019.
Reddit gained increased recognition
amid the meme stock craze of 2021.
Reddit had 500 million site visitors in 2023.
Its revenue increased 20%
from 2022 to $804 million.
According to an S-1 filing, Reddit said that its "content is particularly important" for the world of artificial intelligence.
We are exploring business
opportunities in licensing data
for purposes including machine
learning, business analysis, display
and training generative AI models, Reddit, via S-1 filing.
1.76 million shares have been set aside for eligible Reddit users and moderators. .
Headline venture partner Kamran Ansar
said the decision lends itself to volatility. .
You may see a big run up in
the stock price and a drop, Headline venture partner Kamran Ansar, via statement.
Because this has such a rabid
community around it, the Reddit
users, you could see Reddit itself
ironically become a meme stock
the way that you saw happen
with like AMC and GameStop, Headline venture partner Kamran Ansar, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
Taylor Swift , Is Now a Billionaire.
Follow the 33-year-old's recent tour success, Swift's net worth is now $1.1 billion, 'Bloomberg' reports. .
Meanwhile, the U.S. leg of the 146-date
Eras Tour..
Credit: Wibbitz Top Stories Duration: 01:30Published
Join us as we unravel the fascinating journey of Taylor Swift's rise to billionaire status. Discover the key milestones and strategies that led her to build an empire of her own. From her music career..
![Reddit Prices Shares at $34 in IPO [Video]](https://video.newsserve.net/300/v/20240321/1370060054-Reddit-Prices-Shares-at-34-in-IPO.jpg)
![Taylor Swift Is Now a Billionaire [Video]](https://video.newsserve.net/300/v/20231027/1359794520-Taylor-Swift-Is-Now-Billionaire.jpg)
![Taylor Swift Is Now A Billionaire After Record-Breaking Eros Tour: Bloomberg Report | Oneindia News [Video]](https://video.newsserve.net/300/v/20231027/1359776980-Taylor-Swift-Is-Now-Billionaire-After-Record.jpg)
![Cameron Diaz had "amazing" night watching Taylor Swift with "the biggest Swiftie", Tiffany Haddish [Video]](https://video.newsserve.net/300/v/20231027/1359774551-Cameron-Diaz-had-amazing-night-watching-Taylor-Swift.jpg)
