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𝗧𝗵𝗶𝘀 𝗥𝗲𝗱𝗱𝗶𝘁 𝗜𝗣𝗢 𝗦𝘂𝗿𝗽𝗿𝗶𝘀𝗲 𝗛𝗮𝗱 𝗪𝗮𝗹𝗹 𝗦𝘁𝗿𝗲𝗲𝘁 𝗕𝘂𝘇𝘇𝗶𝗻𝗴💥 The iconic internet forum Reddit, Inc. just went public in an explosive #IPO on the #NYSE. Priced at $34 per share, Reddit's stock skyrocketed nearly 50% on its opening day to close at $50.15 - valuing the company at a whopping $7.9 billion! Despite nearly two decades of losses and management chaos, #Reddit captured massive investor demand. The "front page of the internet" boasts 76 million monthly users across 100,000 communities discussing everything from memes to existential questions. While still unprofitable with $91 million in losses last year, Reddit's revenue soared 21% to $804 million as it pursues an aggressive ad sales strategy. #OpenAI CEO Sam Altman is a major investor, owning a $612 million stake. Reddit's scorching debut shows the extraordinary potential of its massive user base and engaged communities. Though the road ahead may be volatile, this could just be the beginning for the self-described "home of the internet's most open and authentic conversations." #SFTechNarrative Here is a 154 word LinkedIn clickbait post summarizing and merging the two articles in daily American English: Reddit Rocks Wall Street in Blockbuster IPO! 💥 The iconic internet forum Reddit just went public in an explosive IPO on the NYSE. Priced at $34 per share, Reddit's stock skyrocketed nearly 50% on its opening day to close at $50.15 - valuing the company at a whopping $7.9 billion! Despite nearly two decades of losses and management chaos, Reddit captured massive investor demand. The "front page of the internet" boasts 76 million monthly users across 100,000 communities discussing everything from memes to existential questions. While still unprofitable with $91 million in losses last year, Reddit's revenue soared 21% to $804 million as it pursues an aggressive ad sales strategy. OpenAI CEO Sam Altman is a major investor, owning a $612 million stake. Reddit's scorching debut shows the extraordinary potential of its massive user base and engaged communities. Though the road ahead may be volatile, this could just be the beginning for the self-described "home of the internet's most open and authentic conversations."

Reddit's IPO Journey: Boom or Bust? Poised at a $6.5 billion valuation, Reddit's story intrigues with its blend of robust user engagement yet no profit after 18 years. Investors, eyeing a valuation under $11 billion, see potential in advertising and community commerce to pivot towards profitability by FY2024. Will Reddit's unique appeal and SEO prowess mark it as a 'Strong Buy'? https://lnkd.in/d6wjZ-ts

I’m skeptical of Reddit’s IPO 😬 After two+ years in the making, social media heavy weight, Reddit, has joined the stock market with shares opening 38% above IPO price. A positive start but is it the right move? On one hand, Reddit hasn’t turned a profit in nearly 20 years. But more pressing than that, in my opinion, is the power held by subreddit moderators, the online equivalent of neighbourhood watch / home owners association. Only last summer did we experience the Reddit Blackout – a protest causing 1,000s of subreddits (forums) going private in retaliation to a decision to charge third parties for using their API. Aware of this threat happening again, Reddit has allocated 8% of its shares to eligible users and moderators. But is it enough? On the other hand, should a strong share price continue, Reddit will have more capital to invest in its infrastructure. It’s also worth noting the soft power an IPO brings. Reddit is now seen alongside the big players such as Meta and LinkedIn. This should convince risk-adverse advertisers to try their hand with Reddit ads if they haven’t done so already. Reddit’s IPO raises tension between what is fundamentally a community-driven platform and a need to sustainably extract returns for Reddit’s investors. Its future is therefore dependent on whether they can get this formula right. Only time will tell. #Reddit #IPO

🚀 Exciting News Alert! 🚀 Reddit, one of the most influential social media platforms, is gearing up for a monumental Initial Public Offering (IPO) that's set to make waves in the financial world. Led by Morgan Stanley, Goldman Sachs Group Inc., JPMorgan Chase & Co., and Bank of America Corp., Reddit and its investors are aiming to raise a staggering $748 million through its IPO – making it one of the largest IPOs of the year so far. The plan entails the sale of 22 million shares at a price range of $31 to $34 each, with a valuation target of up to $6.5 billion. What sets this IPO apart is Reddit's inclusion of 1.76 million shares reserved exclusively for users and moderators who created accounts before January 1, democratizing the investment process. Notably, these shares won't be subjected to a lockup period, allowing owners to sell them on the opening day of trading – a move that reflects Reddit's commitment to inclusivity and transparency. Founded in 2005, Reddit boasts an impressive average of 73.1 million daily active unique visitors, highlighting its enduring relevance and widespread appeal. Despite reporting a net loss of $91 million on revenue of $804 million in 2023, Reddit's trajectory remains promising, with significant growth potential on the horizon. With IPO candidates like Rubrik Inc. and Waystar Technologies Inc. closely watching Reddit's listing, the stage is set for a landmark moment in the tech and finance sectors. As Reddit embarks on this transformative journey, all eyes will be on its performance and the ripple effects it may have on the market. Hit 👍 if you loved it and 🔄 too. Follow Harshil Lahoti for more such finance related content. #RedditIPO #Finance #Tech #Investment #BreakingNews

Thoughts on the Reddit IPO 💰 & why I think it'll flop long term 👇 The Good: ✅ 804 Million in Revenue in 2023 ✅ 267.5 Million weekly active users ✅ One of the top 10 most visited sites in the 🌎 The Bad: ❌ Dependence on users ❌ 91 Million dollar loss in 2023 ❌ New AI model training biz poses legal risk The Unknown: 🧐 How will users react to their content being used to train AI models? What if they leave? 🧐 How usable is Reddits data? What use cases could it unlock for a business? 🧐 Is the data full of bias? Are they training models on comments made by internet trolls? Overall Sentiment:👇 Reddit has the potential to be a huge Success. But there are 4 “If’s”. ❓If Reddit can prove it’s data is low on bias & high on quality, then the AI play could work. ❓If Reddit can sell smaller domain specific data sets used to train smaller models, it could appeal to more companies. ❓If Reddit can incentivize users to keep using the platform so it’s data for training models stays fresh, they could reduce risk of users leaving. ❓If Reddit can market 4-5 specific use cases it’s data is well suited for- it could more easily attract data licenising deals. Will these “If’s” happen? We’ll have to wait & see. What do you think of the Reddit IPO? Will it stay hot? Or be a total flop? 👇

There's lot of excitement around the Reddit, Inc. IPO, putting the platform on track to attain the $6.5 billion valuation they're hoping for. Reddit's IPO document is backed up with stats from research they've run with Attest. Here are just a few of the data-backed reasons they believe investors should buy shares: Powerful Advertising Engine Built Around Context and User Interest 75% of respondents said they believe Reddit is a trustworthy place to inform their decision to buy a new product across specified consumer product categories. Centered on Interests, with Unmatched Breadth and Depth of Human Knowledge 95% of respondents said there is a community for everyone on Reddit, 85% said Reddit is where they learn about the topics they love the most, and 83% recognized conversations on Reddit as more on-topic than anywhere else on social media. People-powered Curation for Authentic Interactions and Trusted Content 76% of respondents pay more attention to things they see on Reddit than the things they see on other social media platforms. 76% of respondents agreed that “people post things that are honest and truthful.”  #iponews #ipo #consumerresearch #consumerinsights #marketresearch https://lnkd.in/eQfFvWhn

🚀 Reddit Prices IPO at Top Range, Raising $748 Million 🚀 Reddit, the popular social media platform, has priced its initial public offering (IPO) at the high end of its expected range, bringing in a substantial $748 million. The move aims to inject vigor into the tech IPO market, which has seen muted activity in recent years. Here are the key highlights: 💰 Pricing Details: Reddit sold 22 million shares at $34 each, valuing the company at approximately $6.4 billion. 👥 Retail Investors Included: In a nod to its dedicated user base, Reddit reserved 8% of shares for eligible users, moderators, and certain stakeholders. 📈 Market Sentiment: The successful IPO, alongside others like Astera Labs, could revitalize the tech IPO scene, which has seen lackluster activity lately. 💼 Business Outlook: Despite annual losses since its inception in 2005, Reddit aims to leverage its loyal user base and explore new revenue streams, such as its recent AI training data contract with Google. 🔍 Regulatory Scrutiny: Reddit faces inquiries, notably from the U.S. Federal Trade Commission, regarding its content sharing practices and AI model training. 🔄 User Dynamics: Reddit's reliance on volunteer moderators and the occasional unrest among its user base underscores the challenges of managing online communities. 🌐 Community Impact: With 100,000 active forums covering a wide array of topics, Reddit has left its mark on internet culture, notably with the "meme-stock" phenomenon of 2021. 📊 Trading Details: Reddit's shares are set to debut on the New York Stock Exchange under the ticker symbol 'RDDT'. 🏦 Underwriters: Leading financial institutions, including Morgan Stanley, Goldman Sachs, JPMorgan Chase, and Bank of America, are overseeing Reddit's IPO. As Reddit prepares for its public debut, all eyes are on how it navigates the transition from a private company to a publicly traded one, amidst evolving regulatory landscapes and user expectations. #RedditIPO #TechNews #StockMarket #SocialMedia #Investing

Story of the week: On March 21, Reddit, Inc. successfully became a public company. This move not only underlines Reddit's significant growth and maturity but also presents a range of opportunities and challenges, especially in terms of community dynamics and platform moderation. Community Concerns on Content Moderation A critical aspect of Reddit's leap into the public market is the immediate and palpable reaction from its passionate user base. With discussions exploding in spaces like the r/OutOfTheLoop subreddit, the platform's community is voicing concerns and speculating about potential changes in the platform's direction, particularly around content moderation. This apprehension stems from the belief that becoming a public company carries with it the responsibility of ensuring financial viability, which may lead to stricter content moderation practices. Users fear that in Reddit's pursuit to satisfy shareholder expectations, the platform might undergo transformations akin to what has been observed with other social media giants such as Facebook and Twitter after their IPOs. Reddit’s Unique Value Proposition for PR Professionals From a PR perspective, Reddit's transition is noteworthy, not just for its implications on content moderation but also for its significant role as a unique and authentic medium for gaining insights. Boasting over 330 million monthly active users engaging across a myriad of subreddits, Reddit is a treasure trove for PR professionals seeking to understand emerging trends, opinions, and partake in real-time conversations. By participating in or monitoring subreddit conversations, brands can identify community sentiment, receive immediate feedback on products or campaigns, and tailor their strategies to specific audience segments. Additionally, Reddit's AMA (Ask Me Anything) feature provides a direct line of communication between a brand and its audience, allowing for transparent dialogue and deepening trust. This interactive platform can be a powerful tool for personalizing a brand's presence and demonstrating thought leadership within a field. #SocialMedia #SocialMediaMonitoring #Reddit #PublicReleations https://lnkd.in/e-ECazBr

From memes to…stocks? 📈 Reddit, Inc. seems to be Wall Street’s latest darling- The platform known for turning internet jokes into financial juggernauts is now playing the stock market game itself. In true Reddit fashion, it’s IPO is anything but ordinary. In a move that's part Silicon Valley, part Wild West, Reddit is rolling out the red carpet for its power users, offering 75,000 of them a shot at IPO shares - a privilege usually reserved for the Wall Street elite 🎩 Why? It's a hat tip to the 60,000 volunteer mods who keep the Reddit universe spinning. But here's the plot twist. Despite being a top destination on the web, Reddit's not exactly swimming in cash. With a revenue of $804 million in 2023, it's playing catch-up to the likes of Twitter (you know who), which bagged a cool $2.5 billion 🤑 Will AI be Reddit’s knight in shining armour? By leasing out its treasure trove of data for AI training, Reddit's betting big on a $60 million deal with Google 🌐 As Reddit gears up to take Wall Street by storm, one thing's for sure: it's not just about memes anymore. But will this bold move pay off, or is it the 'beginning of the end' as some users fear? Drop your thoughts, let’s talk about it 👇 #Reddit #IPO #WallStreet #Marketing