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Morning Brew Daily
Reddit Users Are Against Their IPO & Glassdoor is Outing Anonymous Posters
Mar 21, 2024
28:59
Snipd AI
Topics discussed include Reddit users' opposition to their IPO, new EPA rules for automakers, Glassdoor sharing user names without consent, Neal's favorite numbers of the week, printers making a comeback, and Netflix turning an 'unfilmable' concept into a show.
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Quick takeaways
- Reddit's IPO faces pushback from users due to leadership shifts and concerns over stock influence.
- Biden administration sets strict EV regulations to combat climate change, aiming for significant CO2 emissions reduction.
Deep dives
Reddit's IPO and User Reaction
After a tumultuous journey, Reddit finally goes public aiming to raise $748 million with an estimated $6.4 billion valuation, including a unique move of allocating 8% of IPO shares to loyal users. However, friction arises due to leadership shifts, causing potential concerns as Redditors possess the ability to influence the stock's performance.
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