Reddit IPO

Reddit soars 48 per cent in debut as AI pitch gets warm reception

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Reddit soars 48 per cent in debut as AI pitch gets warm reception

Reddit Inc. shares soared 48% above their initial public offering price, as investors embraced the social media company’s vision of profiting from the growth of artificial intelligence.The San Francisco-based company’s stock closed at $50.44 each on Thursday in New York, a day after the company and some of its shareholders raised $748 million in an …

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Reddit signs content licensing deal with AI company ahead of IPO

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Reddit signs content licensing deal with AI company ahead of IPO

Reddit has signed a contract allowing an Artificial Intelligence (AI) company to train its models on the social media platform’s content, Bloomberg News reported, citing people familiar with the matter. Reddit, which is eyeing an initial public offering (IPO) launch, has told prospective investors that it signed the deal, worth $60 million on an annualized …

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