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Instacart (Maplebear Inc)

Big week for tech IPOs like Reddit boosts Morgan Stanley after lull

by Ev Richard
Big week for tech IPOs like Reddit boosts Morgan Stanley after lull

The New York Stock Exchange welcomes Reddit, Inc. (NYSE: RDDT) to celebrate its initial public offering. To honor the occasion, Snoo, rings the Opening Bell®. NYSE Wall Street’s tech IPO …

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Categories Technology

Sam Altman’s Reddit stake worth over $600 million after NYSE debut

by Ev Richard
Sam Altman’s Reddit stake worth over 0 million after NYSE debut

Reddit mascot Snoo is seen on the floor of the New York Stock Exchange (NYSE) as Reddit begins trading in New York on March 21, 2024.  Timothy A. Clary | …

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Categories Technology

(RDDT) starts trading on NYSE

by Ev Richard
(RDDT) starts trading on NYSE

Reddit shares jumped as much as 70% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in …

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Categories Technology

Amazon gets boost from 72% pop in AI company Astera Labs’ IPO

by Ev Richard
Amazon gets boost from 72% pop in AI company Astera Labs’ IPO

In this photo illustration, Astera Labs logo is seen on a smartphone and on a pc screen.  Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Amazon CEO Andy …

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Categories Technology

Reddit prices IPO at $34 per share, valuing company at $6.5 billion

by Ev Richard
Reddit prices IPO at  per share, valuing company at .5 billion

In this photo illustration a Reddit logo is seen displayed on a smartphone. Mateusz Slodkowski | Sopa Images | Lightrocket | Getty Images Reddit, the 19-year-old website that hosts millions …

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Categories Technology

Reddit power users balk at chance to participate in IPO as debut nears

by Ev Richard
Reddit power users balk at chance to participate in IPO as debut nears

Jonathan Raa | Nurphoto | Getty Images Sarah Gilbert spends a lot of time on Reddit. For the past three years, she’s helped moderate the r/AskHistorians subreddit, which has 2 …

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Categories Technology

FTC inquiry into Reddit’s AI data-licensing practices ahead of IPO

by Ev Richard
FTC inquiry into Reddit’s AI data-licensing practices ahead of IPO

Reddit said on Friday that the Federal Trade Commission sent a letter to the company about its data-licensing business related to the training of artificial intelligence systems. “On March 14, …

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Categories Technology

A successful Reddit IPO would be bad news for the bull market

by Adrian Jhonsan
A successful Reddit IPO would be bad news for the bull market

There’s nothing like a moribund IPO market to create a pleasant backdrop for a bull run. We’ve had some small biotech deals and the usual SPAC junk. But nothing big, …

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Categories World

OpenAI CEO Sam Altman stands to net millions as Reddit goes public

by Ev Richard
OpenAI CEO Sam Altman stands to net millions as Reddit goes public

OpenAI CEO Sam Altman speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images OpenAI CEO Sam Altman will be …

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Categories Technology

Company to cut 250 employees, about 7% of company

by Adrian Jhonsan
Company to cut 250 employees, about 7% of company

A smartphone with an Instacart logo displayed is seen in this illustration taken March 25, 2022. Dado Ruvic | Reuters Instacart on Tuesday announced it would lay off about 250 …

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Categories World
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