Reddit forecasts quarterly revenue above estimates on strong ad spend
By Jaspreet Singh (Reuters) - Reddit forecast third-quarter revenue above Wall Street estimates on Tuesday, a sign that a recovering digital ad market would draw more advertisers to the social media platform. The results, its second after going public in March, follow
Reddit stock jumps after OpenAI partnership
By Yuvraj Malik (Reuters) - Shares of Reddit rose 13% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to boost advertising income for the social media platform. The jump pushed the stock up at $63.64, within striking
Reddit CEO beneficially owns 61.5% of class A shares, regulatory filing shows
By Akash Sriram and Noel Randewich (Reuters) - Reddit co-founder and CEO Steve Huffman beneficially owns 62.4 million Class A shares of the social media company, a regulatory filing showed on Friday. Those shares were equivalent to 61.5% of the share class,
Short sellers target Reddit shares as stock slips
By Saqib Iqbal Ahmed NEW YORK (Reuters) - Reddit stock's stellar market debut has drawn significant bearish bets against the social media forum in its first few days of trading, data from analytics company Ortex on Wednesday showed. Based on 2.15 million
Reddit options launch draws bulls, as shares soar
By Saqib Iqbal Ahmed NEW YORK (Reuters) - The launch of options on Reddit on Monday drew a flurry of bullish bets that some analysts said helped boost the social media platform's stock after last week's strong market debut. Reddit shares soared
Reddit receives FTC inquiry on AI-related deals ahead of IPO
By Ananya Mariam Rajesh (Reuters) - Reddit said on Friday the U.S. Federal Trade Commission is conducting an inquiry focused on the company's sale, licensing and sharing of user-generated content with third parties to train artificial intelligence models. "Given the novel nature
Reddit seeks up to $6.5 billion valuation in IPO, source says
By Echo Wang (Reuters) - Media platform Reddit is eyeing a valuation of up to $6.5 billion in its initial public offering, two people with the matter told Reuters on Friday, far less than what it was worth a few years
Reddit in AI content licensing deal with Google, sources say
By Anna Tong, Echo Wang and Martin Coulter SAN FRANCISCO (Reuters) - Social media platform Reddit has struck a deal with Google to make its content available for training the search engine giant's artificial intelligence models, three people familiar with the
Reddit seeks to launch IPO in March
By Echo Wang and Anirban Sen (Reuters) - Social media platform Reddit has drawn up detailed plans to launch its initial public offering (IPO) in March, moving forward with a listing it has been eyeing for more than three years, according