Reddit surges to new high after strong holiday-quarter forecast
REDDIT shares surged as much as 22 per cent in extended trading on Tuesday (Oct 29) after the company’s sales and forecast beat analyst expectations.
Reddit forecasts quarterly revenue above estimates on strong ad spend
REDDIT forecast third-quarter revenue above Wall Street estimates on Tuesday, a sign that a recovering digital ad market would draw more advertisers to the social media platform.
OpenAI, Reddit sign partnership on ChatGPT, AI products, ads
OPENAI unveiled a partnership with Reddit that will bring the social network’s content to chatbot ChatGPT and other products, and allow Reddit to add new artificial intelligence (AI) features to its o...
Reddit to release new products aimed at site’s ‘user economy’
REDDIT plans to release new products related to the company’s marketplace efforts within the next few months, co-founder and chief executive officer Steve Huffman said on Thursday (May 9) at the Bloom...
Reddit gains after strong sales in first report since IPO
REDDIT jumped more than 10 per cent in extended trading after reporting quarterly sales that topped analysts’ estimates, impressing investors in its first results as a public company.
Europe’s IPO market not yet open to unprofitable tech: Bank of America
PROFITABILITY still matters when it comes to initial public offerings (IPOs) in Europe, even for tech startups, according to Bank of America (BOA).
Reddit may need to ramp up spending on content moderation, analysts say
REDDIT will need to spend heavily on content moderation as it prepares for greater scrutiny as a public company, analysts said, threatening its longstanding policy of relying solely on volunteers to u...
Reddit shares end trading up 48% in market debut
SOCIAL media platform Reddit’s shares ended their first day of trading in New York up 48 per cent, signalling that investor appetite for initial public offerings (IPOs) of promising yet loss-making co...
Reddit prices IPO at top of indicated range to raise US$748 million
SOCIAL media platform Reddit priced its initial public offering at the top of its targeted range of US$31 to US$34 per share on Wednesday, raising US$748 million and giving the ailing technology IPO m...