Elon Musk has sued OpenAI and its CEO for allegedly prioritizing profit over the benefits to humanity, Reddit plans to target a price range of $31 to $34 per share in its IPO, down from its previous $10 billion valuation in August 2021 due to investors' dwindling interest in unprofitable companies, and Meta announced it won't make new deals with traditional news publishers in Australia and the US after a significant drop in users interacting with news on Facebook in those countries.
Plus: Reddit will seek a valuation of up to $6.5 billion in its upcoming IPO. And Meta won’t enter into new deals with news publishers in Australia and the U.S. Alex Ossola hosts.
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