January 6th Committee subpoenas tech giants for Capitol riot 

The House’s assigned Committee to investigate the January 6th Capitol riot issued subpoenas to question four tech giants concerning their platform’s role in endorsing the attach and its causes.  Alphabet Inc., Meta Platforms Inc., Reddit Inc., and Twitter Inc. were subpoenaed by the committee following what it considered an insufficient collaboration when it came to providing […]

Reddit taps Morgan Stanley, Goldman Sachs for IPO

Social media platform Reddit Inc, whose message boards became central to meme stock trading frenzy in 2021, is tapping Wall Street banks Morgan Stanley and Goldman Sachs Group for its initial public offering, a source familiar with the matter told Reuters on Friday. Reddit had confidentially filed for an IPO in December and is aiming […]

Reddit files to go public on Wall Street

Social media platform Reddit has said it confidentially submitted a draft registration with the U.S. Securities and Exchange Commission to go public on Wall Street. As such, Reddit said in a statement on Wednesday that it has “confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the ‘SEC’) relating […]

How Reddit raised its value to $10 billion

After doubling its value in only six months, Reddit, the social networking site often labeled as the front page of the internet, is now worth more than $10 billion after earning $410 million in funding.  The company announced the milestone through an in-depth interview with The New York Times, in which Reddit’s co-founder and CEO Steve Huffman disclosed how the company managed to raise its value in a short […]