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
‘Cowboy Carter’ Is , Missing Tracks on Vinyl, Fans Say.
According to fans who pre-ordered Beyoncé's newest album on vinyl, five songs are missing.
This missing tracks are reportedly
"Spaghetti, Flamenco, The Linda Martell Show, Ya Ya and Oh Louisiana," BBC reports. .
Some fans have even reported that
CD copies are missing four songs.
What is up with that?! How could
she sell an incomplete album?, Fan, via Reddit.
We need at least a discount refund,
or be able to refund altogether
since the CDs and vinyls delivered
are not what was listed, Fan, via Instagram.
Beyoncé previously said that 'Cowboy Carter' took "over five years" to create, which may explain why some vinyl and CDs are missing tracks, BBC reports. .
Albums have to be submitted to
vinyl pressing plants far in advance, so Bey may have added more songs after the fact.
Others noticed that Beyoncé changed the album
title on CD and vinyl copies to 'Act ii: Beyincé.'.
Bey's maternal grandparents were
reportedly called Beyincé, so she
referenced the name in her new work.
Meanwhile, Beyoncé recently talked about how she "wanted to go back to real instruments" on this album.
I didn't want some layers of instruments
like strings, especially guitars, and
organs perfectly in tune. I kept some
songs raw and leaned into folk. , Beyoncé, via statement.
I didn't want some layers of instruments
like strings, especially guitars, and
organs perfectly in tune. I kept some
songs raw and leaned into folk. , Beyoncé, via statement.
All the sounds were so organic and
human, everyday things like the wind,
snaps and even the sound of birds
and chickens, the sounds of nature, Beyoncé, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
Experts Say Fed's , Rate Hikes Could Impact , Housing Market for Decades.
Yahoo Finance reports that the housing market
has been showing signs of bouncing back as
this year's spring home-buying season begins.
For the second week in a row, mortgage rates
fell, reaching the lowest level in over a month. .
According to Freddie Mac, the average rate
on a 30-year fixed mortgage dropped to
6.74% from 6.88% the week before.
At the same time, supply is also
starting to rebound, with new listings
hitting a 17-month high in February. .
Despite the improvement, experts warn
that the Fed's aggressive rate-hiking campaign could
have long-lasting side effects on the housing market.
Despite the improvement, experts warn
that the Fed's aggressive rate-hiking campaign could
have long-lasting side effects on the housing market.
According to economist Gary Shilling, the Fed's
campaign has created a "perfect storm,"
with higher rates causing would-be
home sellers to put their plans on hold. .
It won't continue
indefinitely, but it certainly
is disruptive right now, Gary Shilling, Economist, via Yahoo Finance.
Redfin CEO Glenn Kelman shared similar views on the future of the housing market, warning it could take decades to move beyond the impact of the Fed's efforts.
Redfin CEO Glenn Kelman shared similar views on the future of the housing market, warning it could take decades to move beyond the impact of the Fed's efforts.
There's going to be low
supply for a long time to
come. What the Fed did…
will have a 30-year tail on it, Glenn Kelman, Redfin CEO, via Yahoo Finance.
Yahoo Finance reports that mortgage rates may be
unlikely to fall much further in the near term, meaning
that a more substantial rebound may still be far off.
Credit: Wibbitz Top Stories Duration: 01:30Published
Consumer Prices , Rose 0.4% in February.
The Bureau of Labor Statistics released
its latest data on March 12.
In February 2024, prices rose 0.4%
compared to January and 3.2% year-over-year, according to the Consumer Price Index (CPI).
The figures, which are greater than expected, represent the biggest monthly increase since September, Yahoo Finance reports. .
The index for housing rent rose 0.5% in February.
Gas prices rose 3.8%.
While food prices held steady for the month, they increased 2.2% year-over-year.
The Federal Reserve will use the latest data to help determine its position on interest rates on March 20. .
Experts predict that rates will
remain unchanged for the time being.
The market is now eyeing June for the possibility of rate cuts, Yahoo Finance reports. .
Fed Chair Jerome Powell recently said
that while interest rates will likely
be cut "at some point this year,"
"a little bit more data" is needed.
Credit: Wibbitz Top Stories Duration: 01:31Published
Count Morgan Freeman as the latest celeb to parody Nicole Kidman's viral AMC spot ... Only this time it was to honor the actress's many achievements. Nicole.. TMZ.com
![‘Cowboy Carter’ Is Missing Tracks on Vinyl, Fans Say [Video]](https://video.newsserve.net/300/v/20240401/1371545282-Cowboy-Carter-Is-Missing-Tracks-on-Vinyl-Fans.jpg)
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