DAILY UPDATE: Reddit IPO

By Staff Reporters

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Stat: $748 million. That’s how much Reddit plans to raise ahead of its upcoming IPO, where the company is seeking an approximate $6.5 billion valuation. After a couple of rocky IPO years, investors have been hotly anticipating Reddit’s IPO, which would mark the first social media IPO since Pinterest’s in 2019.(CNBC)

But, The FTC is investigating Reddit’s policies of licensing data for training AI, the company said Friday as it gears up for an IPO.

CITE: https://www.r2library.com/Resource

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