A view of Google Headquarters in Mountain View, California, United States on March 23, 2024. Tayfun Coskun | Anadolu | Getty Images Advertising is so back. After a brutal 2022, when brands reeled in spending to cope with inflation, and a 2023 defined by layoffs and cost cuts, the top digital advertising companies have started … Read more
Heading into the 2024 election in the U.S. and major political contests around the world, internet companies are unprepared for the onslaught of misinformation that’s coming. That’s according to research out Tuesday from Mozilla and CheckFirst, which concludes that leading tech platforms are lagging in their ad transparency tools. The study, conducted between December and … Read more
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) while ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images Reddit’s first stock rating … Read more
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 2019. The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top of the expected range. … Read more
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 of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range. The offering brought in $519 million, according … Read more
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 million members and was the subject of her Ph.D. dissertation. She’s been a lurker on the forum since 2012. But when the subject turns to … Read more
The next steps for the artificial intelligence boom are starting to come into shape, according to Goldman Sachs, and some of the stocks involved may still be cheap relative to their potential. Ryan Hammond of Goldman’s portfolio strategy research team said in a March 14 note to clients that the AI trade still has room … Read more
In this photo illustration, the Reddit logo is displayed on a cell phone and computer monitor on February 13, 2024 in Los Angeles, California. Mario Tama | Getty Images Reddit is seeking a valuation of up to $6.5 billion in its upcoming IPO, according to a person familiar with the matter. The company plans to … Read more
Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. The company plans to trade on the New York Stock Exchange under the ticker symbol “RDDT.” Reddit said it had $804 million in annual sales for 2023, up 20% from the $666.7 million it brought … Read more
Stocks rose on Friday after December’s revised inflation reading came in lower than first reported, and the S&P 500 closed above the key 5,000 level as strong earnings and economic news chugged on. The S&P 500 rose 0.57% to end at 5,026.61, while the Nasdaq Composite rallied 1.25% to close at 15,990.66. The Dow Jones … Read more
