Reddit's IPO Preparation and Financial Performance Analysis

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Exploring Reddit's upcoming IPO, the decrease in valuation compared to their previous private valuation, and their historical lack of profitability despite relying heavily on advertising revenue. Management plans to discuss potential revenue streams, including selling data related to AI and machine learning during the IPO roadshow.

Reddit’s public offering could set the tone for start-ups looking to list in 2024, and the EU wants to give Ukraine up to €3bn. Plus, there are new plans to deliver aid to Gaza to help the enclave avoid famine.

Mentioned in this podcast:

Brussels aims to fast track up to €3bn for Ukraine from frozen Russian assets

Reddit aims to raise more than $500mn in IPO

EU ministers approve ‘status quo’ rules for gig economy workers

Can ships carrying aid help avert famine in Gaza?

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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