Reddit closed up 48%, at $50.44/share, in its NYSE debut, valuing the company at ~$9.5B on a fully diluted basis, just shy of its $10B valuation in August 2021
even for y'all. Rat King / @mikeisaac : apparently Reddit's IPO included the first bell-ringing carried out by a “non-human entity” — in this case, the alien Snoo [image] Trevor Scott / @tidefallcapit...
Sources: cloud data management startup Rubrik plans an US IPO as early as April 2024, amid a DOJ fraud investigation into one of its former employees
Reuters : X: @readkrystalhu X: Krystal Hu / @readkrystalhu : Rubrik, the data security company that was last valued at $4 billion in 2021, just celebrated its 10th birthday and is looking to flip its...
Reddit client Apollo's developer says Reddit plans to charge $12K for 50M API requests and that he would need to pay $20M per year to keep operating the app
and that's a problem for everyone Nadeem Sarwar / SlashGear : Reddit Joins Twitter In Squeezing Devs With Unreasonable Fees John Gruber / Daring Fireball : Reddit API Pricing Would Cost Apollo Develop...
Reddit raises $410M+ led by Fidelity Investments at a $10B+ valuation, up from $6B six months ago when it raised $250M; the new round could reach ~$700M
and certainly Instagram. Kanyi Maqubela / @km : I remember some people side-eyeing us for participating in this @Reddit round in 2013. https://redditblog.com/... Welp :) https://www.theverge.com/... @...
Facebook will now ban posts that deny or distort the Holocaust; Zuckerberg says his “thinking has evolved” as data shows an increase in anti-Semitic violence
including strongmen and their most avid followers. https://nyer.cm/bbhby6Q @newyorker : .@andrewmarantz reports on Facebook's inability or unwillingness to stamp out the hate speech and disinformation...
Reddit will ban r/The_Donald, r/ChapoTrapHouse, and ~2,000 other subreddits, most of which are inactive, after updating rules to more explicitly ban hate speech
which has one post in the last 100 days—is now banned. https://www.nbcnews.com/... @alexisohanian : So happy to see this progress. All credit to all the redditors who have been pushing for this. https...
[Thread] Alexis Ohanian resigns from the Reddit board, urges company to fill his seat with a black candidate, pledges $1M to Kaepernick's Know Your Rights Camp
I co-founded @reddit 15 years ago to help people find community and a sense of belonging. It is long overdue to do the right thing. I'm doing this for me, for my family, and for my country.
Reddit CEO Steve Huffman on the site's redesign, coming in Q1 2018
At Web Summit this week in Lisbon, Portugal, Reddit CEO Steve Huffman talked about the site's upcoming redesign. Reddit launched in June 2005, and its look and feel has changed little over the past d...
Why anonymous apps fade: they're entertainment products of waning novelty, and don't foster community
David Byttow : Tweets: @nubikay , @jcolman , @harrymccracken and @rrhoover Tweets: Nubi Kay / @nubikay : Anonymous & Community doesn't seem to work well together. Looks like @reddit is the only one w...