The chapter delves into Reddit's upcoming IPO, including details about share allocation, pricing, and retail participation, along with Redditors' mixed feelings towards buying the stock. It also addresses the CEO's perspective on entering the public market, Reddit's revenue growth strategies post-IPO, and the platform's approach to targeted advertising. Additionally, the chapter explores the challenges of balancing ad revenue with user experience amidst user complaints and NSFW content.
Reddit has been around for 19 years, but today the social media platform goes public and starts a new chapter. Its listing on the New York Stock Exchange also marks the first major social media IPO since 2019. Kara speaks to co-founder and CEO Steve Huffman about money, content moderators and whether the subreddit r/WallStreetBets could make this one a meme stock.
Questions? Comments? Email us at on@voxmedia.com or find us on social media. We’re on Instagram/Threads as @karaswisher and @nayeemaraza
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