Reddit shares end trading up 48% in market debutWhile Reddit still relies on advertising for the vast majority of its revenue, it touted AI in its IPO marketing roadshow as an area of gro...
22 Mar, 2024, 07.51 AM IST
Reddit shares open 38% above IPO priceThe San Francisco, California-based company priced its IPO at the top end of the $31 to $34 range. The IPO valued Reddit at $6.4 billion, w...
21 Mar, 2024, 11.43 PM IST
Reddit set for hotly anticipated debut after pricing IPO at top of rangeSocial media platform Reddit geared up for its high-profile market debut on the New York Stock Exchange on Thursday, in a test of investor ...
21 Mar, 2024, 07.37 PM IST
Reddit's US IPO filing reveals $90.8 million losses, 21% revenue growth in 2023The initial public offering (IPO) filing comes almost two decades after Reddit's launch and will be a major test for the platform that stil...
23 Feb, 2024, 09.16 AM IST
Reddit seeks to launch IPO in MarchSocial media platform Reddit has drawn up detailed plans to launch its initial public offering (IPO) in March, moving forward with a listin...
18 Jan, 2024, 06.19 PM IST
Reddit users bid farewell to favourite apps with heartfelt posts, memesAs many popular third-party apps on the social discussion forum Reddit, including the Apollo app, are now shutting down due to the platform...
03 Jul, 2023, 12.07 AM IST
Reddit's chief Steve Huffman says he wants it to 'grow up.' Will its community let it?Reddit had just introduced changes that sharply increased its fees for independent developers who build apps using the company's data. Stev...
25 Jun, 2023, 02.00 PM IST
Thousands of Reddit communities stay dark as app policy protest continuesMore than 3,200 message boards, known as subreddits, remained restricted or private, down from nearly 9,000 last week, according to a websi...
21 Jun, 2023, 10.21 AM IST
Subreddits adopt other protest forms as Reddit threats action on moderatorsMany of these communities participated in the June 12-14 Reddit blackout to protest against the company's application programming interface...
20 Jun, 2023, 01.17 PM IST
Reddit's average daily traffic fell during subredditor's protest: reportDaily visitors dropped below 55 million by the end of the first day of the protest. Less than 53 million daily visitors on the platform wer...
18 Jun, 2023, 10.51 AM IST
Reddit CEO Steve Huffman refuses to budge amid widespread protestsInspired by Elon Musk's massive layoffs, Reddit CEO Steve Huffman has refused to budge against widespread protests over the application pro...
17 Jun, 2023, 12.06 PM IST
Most dark Reddit forums back in operation; CEO Steve Huffman against third-party apps using API for freeThe blackout could be short-lived as Reddit hopes to bring disgruntled communities and third-party apps back on board soon.
16 Jun, 2023, 05.19 PM IST
Reddit protest: Why are thousands of subreddits going dark?Starting next month, third-party app developers using Reddit's vast troves of data will have to pay a price and the changes could affect pl...
12 Jun, 2023, 11.43 PM IST
Reddit lays off 5% of its workforce, to reduce hiringReddit, which was spun off from magazine conglomerate Condé Nast in 2011, has been in the news for its popular discussion channels and subg...
07 Jun, 2023, 05.59 PM IST
Reddit seeks to hire advisers for US IPO: SourcesReddit was valued at $10 billion in a private fundraising round last month. By the time the IPO takes place early next year, Reddit hopes i...
03 Sep, 2021, 08.56 AM IST
Reddit said to be raising funds valuing startup at $1.7 billionIn recent weeks, Reddit Inc. was looking for investments totaling about $150 million, said one of the people, who asked not to be identifie...
18 Jun, 2017, 01.10 PM IST
New Reddit CEO Steve Huffman says he won't reverse Ellen Pao’s moves after her exitThe company won’t tolerate forums that promote bullying and threats against other users, and there were valid reasons for Taylor’s dismissa...
13 Jul, 2015, 05.02 AM IST