#reddit ipo

[odinsblog]

#lol #reddit #steve huffman #spez #reddit ipo #budget check #budgeting

[randomisocahedron]

Good places to share short stories that aren't Reddit?

I wrote a few short stories on r/HFY. I'm not on Reddit anymore because of the API/IPO stuff. Are there good places on tumblr or other parts of the internet for sharing these kinds of amateur short stories? My understanding is that I'm asking if there are tumblr tags where you just straight-up post a story (most of what I've found thus far is people talking about writing, not sharing their writing), but I'm still new to this website.

#writing #writeblr #hfy #humans are space x #reddit exodus #reddit ipo #reddit

[eiimblr]

Reddit has announced that select users and moderators are eligible to participate in the long-promised IPO via a DSP

#reddit #reddit ipo

[settlercolonialismisbad]

Worth noting that Fidelity reduced its valuation of reddit by 41% at the beginning of june… steve huffman is living in a self-aggrandized fantasy.

https://www.inc.com/jason-aten/the-reddit-protests-continue-but-company-has-a-much-bigger-problem.html

#today the internet landscape changed dramatically. #reddit #steve huffman #spez villain phase #reddit api #bye reddit #reddit ipo #technology

[jaytherobot]

So Reddit has a new shitty UI

And I don't mean the old new UI that the people who use old.reddit like to complain about. I mean, a proper, new, twitterfied, shitty UI.

I haven't heard anyone talking about it, which might mean it's being slowrolled out, but it's possible I just missed the announcement and discourse. Or saw it and forgot. It's funny actually: I saw the logo and rebranding on a graphic design blog the day before it went live, but missed the UI redesign entirely.

Here it is:

I've boxed out the subreddits that would narrow down my location, but otherwise this is what it is. Oh, and I suppose the "recent" widget would be open by default as well. The thing about that is, if you drop into any sub, the name goes in the recent list. You drop into a weird sub you don't want people in your house knowing about? Well, you better go visit 4 other subs. There's no way to permanently keep the drawer closed or turn it off.

Below that, you can see all my subreddits and learn a great deal about my interests. It was certainly enlightening for me, having them all thrust into the light of day like that. I had a visceral reaction of disgust seeing some of the old subs I don't really follow anymore. A locus of old interests that seemed important at the time, but trite now. And of course, visiting them puts the sub name in the recents list. Right where you don't want to see it.

The feed defaults to "cards" mode, and seems to revert itself occasionally if you turn it back to "classic". Gone are the days of skimming the post headlines to find the content you want, the endless boredomscroll is here instead, just like every other site. This might be the worst part of it.

You'll also notice the recent posts feed on the right has a few subreddits I don't subscribe to in it. This used to be where you could easily access posts you had visited earlier to check the comments again. Now it exclusively has posts I have not clicked on, meaning it's likely driven by an algorithm trying to determine what I want to look at. Spoilers: I don't want to look at any of those posts, and I'm genuinely embarrassed r/SipsTea is up there. Again, there's no way to turn this off.

The feed itself seems more algorithm sorted than it used to as well. Sorting by best no longer delivers the top post from all your subs, but shuffles around posts at random, weighting subreddits you visit more more heavily. If you click forward and want to come back to a post you saw before, good luck finding it.

I... look, I know we were supposed to jump ship from Reddit. I tried, but some of the communities I'm a part of have been irreplaceable. It's been hard to let go. And yet, I feel like I'm being punished for trying to continue to be a part of them.

I really really hate it.

#reddit #reddit ui #reddit ipo #reddit redesign #fuck spez #twitterfication #twitter #enshittification #enshittification of reddit

[neero73]

#reddit IPO

[christinasaintmarche]

#christina saint marche #christina saint marche london #christina saint marche paris #christina saint marche furriers #saintmarche #christina saint marche corsets #christinastmarche #saintmarché #stmarche #stmarché #Reddit #reddit IPO

[thenewsfactsnow]

Reddit, Google Signs AI Content Licensing Deal Valued at $60M Yearly

Feb 24: Google and popular social media platform Reddit have reportedly signed a deal to allow Google access to Reddit’s content for the purpose of training its artificial intelligence models. According to three sources familiar with the matter, the contract between Google, which is owned by Alphabet, and Reddit is valued at approximately $60 million per year. The deal demonstrates how Reddit,…

View On WordPress

#AI Content Deal #Reddit #Reddit Google Deal #Reddit IPO #Reddit the news facts #Tech News

[nixcraft]

Reddit is going public via the IPO route. Last year, the CEO got $193 million, but moderators are not paid and expected to work free past IPO. Only some moderators and active users in the USA can apply for Reddit's initial public offering to buy stock at a special price. Most Reddit users are motivated by fake karma points and likes. Also, they banned almost all unofficial Reddit mobile clients. Meanwhile, the CEO profits while everyone provides free labor.

Until last year, Reddit used to encourage many users to guilt-tripping them to buy their gold coins. Now we know who got paid with those gold coins. It was for the CEO's exorbitant salary. Lmao. I even brought some coins out of that guilt trip. I feel like a sucker . LOL.

You can't browse NSFW subreddits without logging into your account. On Reddit, users share their adult content for free, while the CEO and management team benefit from the platform. This is why federated social media is important. One corporation should not have too much power to dictate how and what we are allowed to view without an account.

I really hope Reddit burns down. The CEO is a real POS who refuses to pay wages to Reddit moderators while taking $193 million salary per year. Even past IPO Reddit is not going to pay any money to moderators.

#reddit #IPO #late stage capitalism #capitalism

[chronurgy]

hey so if we're mutuals or you follow me feel free to dm me for my discord name. I know tumblr isn't going to vanish overnight or anything and I'll be here until they chase me out with a broom but I'd miss you all if I didn't have some way to chat with you and figure out where everyone else is moving on to. Caveat this with the fact that I suck at discord and until this place vanishes it will always be easier to reach me here

#Man....idk where I'll go if tumblr really does close up shop #I'm most familiar with reddit but it doesn't really scratch the same itch as tumblr and also has its own issues with their ipo looming #Anyway I just joined the steel watch bg3 discord so we might even have a server in common

[nickgerlich]

A Share Of The Excitement

Things have been pretty sleepy in the stock markets the last couple of years. No, I am not talking about stock prices, because they have soared. I’m talking about IPOs, those huge media events that usually turn into feeding frenzies among the monied elite with cash to throw.

It’s just that there haven’t been any big splashes in the post-COVID era, until this week when Reddit finally went public. And I say “finally” because they have been around since 2005, and had been hinting at this move for a long time. Naturally, analysts were skeptical that what amounts to a 90s-style discussion board could generate interest.

But it did, opening at $47 a share, up significantly from the target $34 a share. It climbed even farther to $54, and settled in at $46 at yesterday’s closing bell. Not bad for a company that only had $804 million revenues last year. I know. That sounds like a lot of money, but among all the other tech darlings, that is chump change.

Naturally, there were some detractors. Since Reddit functions as a universe of communities headed by volunteer moderators, there has been push-back over the firm seeking to monetize the business. Remember, as with all the social media sites, the general public is the army of content creators, and Reddit, Meta, et al., wouldn’t be able to sell ads if there weren’t eyeballs hungry for that content. Reddit even offered its top moderators and users the chance to buy in on the IPO, which is usually a gated party.

This is much more than us realizing that “if it’s free, then you are the product.” No, we are also the creators of that product. It’s a hell of a deal for the sites, who basically just have to make sure everything keeps running smoothly. The stickiness factor is up to us.

While Reddit started selling ads in 2006, it did not invest in advertising technology until 2018. That’s another way of saying they had no clue what their business model was, other than to be a popular hangout spot for geeks, nerds, and techies. But now they have at least some semblance of a revenue plan, even though they have not posted a profit in their entire existence.

That’s all going to change, though, because investors won’t be having it for long. Expect to see more ads, as well as screw tightening at HQ to trim expenses. That $748 million cash they raised in the IPO wasn’t a donation, you know.

But this may be pretty easy to pull off, once you consider that, as of February this year, Reddit is the third-most visited website in the US, behind Google and YouTube. That’s a lot of eyeballs, even if it is a distant third to the two Alphabet properties.

The content on Reddit has evolved greatly over the years, expanding from esoteric topics to include all manner of things, like home repairs, TV show fandom, and much more. While I find a lot of the discussions both informative and entertaining, I must also say that sometimes the threaded nature of it all can make for tedious navigating.

Still, I too am encouraged by this IPO, maybe not as much from a macro-financial perspective, but rather that social media is still able to muster up investor excitement. It has been a while since anyone went public, like Snapchat in 2017. If TikTok is forced to break away from its Chinese parent ByteDance, I could see them having a successful IPO as well. Reddit may very have primed the pump for this to happen.

Here’s hoping that Reddit can keep its user base and especially its most influential moderators content while it figures out a way to make money. As we know, change is often met with resistance. While there is no other reasonable facsimile of Reddit for the discontented to flee to, that’s not to say a rival couldn’t be created. For those of us on Facebook and Insta, we’ve grown accustomed to—and admittedly a little weary of—ads roughly every sixth frame down the scroll.

And yet we come.

I offer a round of applause to Reddit for pulling off what some said couldn’t be done. The ball is now in their court to show Wall Street they have what it takes to make money.

Dr “Take My Money, Please” Gerlich

Audio Blog

#marketing #Reddit #IPO

[apieinvestavimapaprastai]

Uncover the story of Reddit IPO, its impact on the tech sector, and what it means for the future of social media platforms

#reddit #RDDT #investment #nyse #stockmarkets #ipo #money

[bugghutt]

Reddit is doing their IPO and their value propositions are literally

"we can manufacture not just consent, but consensus! These idiots trust us!"

"we've handed the expensive work of keeping our users safe over to an AI trained by nazis and incels!"

https://www.sec.gov/Archives/edgar/data/1713445/000162828024011448/reddit-sx1a2.htm <- full prospectus if you have the stomach for it

#Reddit #ipo #investing #idiots

[deepakbaroli]

Before its public debut, Reddit is being investigated by the FTC for its AI agreements, signaling regulatory scrutiny into the platform's management of artificial intelligence initiatives.

#reddit #redditipo #ai #IPO

[vvstockzone]

In one of the most anticipated initial public offerings (IPOs) of the year, Reddit Inc., the social media giant, is making moves to raise a whopping $748 million, sources familiar with the matter revealed. At an estimated price of $31 to $34 per share, the IPO is expected to be among the biggest of the year. 22 million shares will be sold.

#reddit #latest ipo #ipo news #upcoming ipo

[enterprisewired]

OpenAI CEO Sam Altman Stands to Gain Millions in Reddit IPO

Investments Traced Back to 2014

Sam Altman, CEO of OpenAI, is poised to make millions following Reddit’s IPO initial public offering, thanks to a series of investments dating back to 2014. Altman, with 9.2% of voting power, has been a key player in Reddit’s journey to IPO, from leading a $50 million Series B funding round in 2014 to subsequent investments in 2021.

Altman’s Reddit Journey

Altman’s involvement with Reddit began in 2014 when he led a $50 million Series B funding round. In a blog post, Altman expressed his appreciation for Reddit’s evolution from a “silly toy” to a significant community. He continued to invest in Reddit, injecting $50 million in the first half of 2021 and an additional $10 million in the second half of the year. The value of his initial $50 million investment had increased by 45% at that point.

Reddit’s IPO Dynamics

Altman, having stepped down from Reddit’s board in 2021, is set to benefit significantly from Reddit’s IPO. The shares of Reddit’s Class A and Class B stock are distributed across five entities, giving Altman more shares than CEO Steve Huffman. The exact number of Class A shares to be sold in the IPO is yet to be disclosed by Reddit.

Altman’s Vision for Reddit Users

Altman has been vocal about his desire to increase community ownership. In a 2014 blog post, he expressed concern that users, who contribute significantly to platforms like Reddit, don’t own a stake in the company. As part of the Series B round, Altman committed to giving 10% of shares to Reddit users, a move aligned with his vision of enhancing community ownership over time.

OpenAI’s Trillion-Dollar Ambition

Altman, now focused on raising trillions for chip development to address OpenAI’s AI computing demand, has a track record of investing in various startups. His investments include Asana and Instacart, both of which went public. OpenAI’s ChatGPT chatbot faces competition from large language models like Google’s Gemini, Anthropic, and ChatGPT itself.

The IPO also presents an opportunity for Reddit users, colloquially known as Redditors, to participate in share offerings. Altman’s commitment to community ownership aligns with Reddit’s move to involve users in its IPO.

As Altman navigates the intersection of AI, investments, and community involvement, his strategic moves in the tech and investment landscape continue to shape the future of OpenAI and contribute to the evolving dynamics of platforms like Reddit.

#openai #reddit #IPO #samaltman #TechInvestment #LongTermVision #startupinvesting #aicomputing #technews