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☆ Consumers frustrated by the economy might never get the relief they're ultimately hoping for
▼ + stars: | 2024-03-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at why the economy has most consumers feeling like they are stuck in place . A "trapped in place" economy is in full swing. Bad buying conditions coupled with everyday high prices means consumers can't make any major life changes , writes Business Insider's Emily Stewart. But it's not the only area of the economy that's stuck, Emily writes. So, while consumers lament being stuck in place, they should also avoid getting stuck looking to the past.

Persons: —, Rebecca Zisser, Emily Stewart, it's, Emily, gunning, It's, Jerome Powell's, Tyler Le, Steve Mnuchin, Brian Moynihan, Instagram, Jensen Huang, Chelsea Jia Feng, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Tech, Federal, Wall Street, Investors, Blackstone, JPMorgan, MLB, Bank of America, mojo, Nvidia, Astera Labs, NASDAQ Locations: It's, Chelsea, New York, London

☆ Google and Apple's rumored partnership could upend the AI industry
▼ + stars: | 2024-03-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at what a potential partnership between Google and Apple over AI features would mean for both companies and the wider industry. The big storyGoogle, Apple, AIRebecca Zisser/BITwo of the world's biggest tech companies are reportedly discussing a partnership that would upend the AI industry. Apple is considering integrating Google's AI model, Gemini, into the iPhone . The company has been noticeably quiet around its AI plans compared to peers like Google, Microsoft, Meta, and Amazon. So even if Apple and Google come to an agreement, they could still face some serious regulatory pushback.

Persons: —, hasn't, Rebecca Zisser, Mark Gurman, Sundar Pichai, Apple, it's, Tim Cook, Google's Gemini, Insider's Hasan Chowdhury, BI's Phil Rosen, Mike Coppola, Jerod Harris, Grzegorz Wajda, Chelsea Jia Feng, It's, OpenAI, Stephanie Cohen, Goldman Sach's, Goldman Sachs, Jenny Chang, Rodriguez, Goldman, Josh Edelson, Chip Somodevilla, TikTok, Jensen Huang, Blackwell, Alyssa Powell, elbowed, Manoj Bhargava, Steve Huffman, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Google, Apple, Business, Gemini, Microsoft, Meta, Google's, Getty, Vox Media, Getty Images, Department of, Big Tech, Wall, Cloudflare, Bank of Japan, SXSW, Nvidia, Sports Illustrated, Arena Group Locations: AFP, Woodstock, Arizona , Florida , Illinois , Kansas, Ohio, New York, London

☆ Judge rules YouTube, Facebook and Reddit must face lawsuits claiming they helped radicalize a mass shooter
▼ + stars: | 2024-03-19 | by ( Melissa Alonso | ) edition.cnn.com time to read: +2 min

“The Court has determined the complaint sufficiently pleads viable causes of action to go forward at this stage of the litigation,” said Erie County Supreme Court Justice Paula Feroleto. Attorneys for the social media companies named in the lawsuit filed a motion to dismiss saying the companies are akin to message boards containing third-party content, court documents show. “However, plaintiffs contend the defendants’ platforms are more than just message boards,” the court document says. “It is far too early to rule as a matter of law that the actions, or inaction, of the social media/internet defendants through their platforms require dismissal,” said the judge. In a statement to CNN, Reddit said, “Hate and violence have no place on Reddit.

Persons: ”, Paula Feroleto, Payton Gendron, “, Gendron, José Castañeda, Reddit, Olesya Dmitracova Organizations: CNN, 4chan, Meta, YouTube Locations: York, Buffalo , New York, Erie County, Reddit

☆ Reddit CEO Steve Huffman defends his $193 million compensation package
▼ + stars: | 2024-03-19 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Reddit CEO Steve Huffman discussed his compensation package in a video Q&A posted on the forum. The CEO's $193 million pay package includes a mix of salary and stock. AdvertisementReddit CEO Steve Huffman has received backlash over his $193 million compensation. Related storiesThe bulk of his compensation package is now in restricted stock units and stock options. Huffman's chances of getting even richerBack at Reddit, it's unlikely that Huffman will get $193 million in compensation.

Persons: Steve Huffman, —, Huffman, there's, That's, Reddit, Mark Zuckerberg, Zuckerberg, Elon Organizations: Service, SEC, Zuckerberg, Elon, Meta, Tesla Locations: Reddit, Delaware

☆ An OpenAI mystery: YouTube videos, Google throttling, and AI training data.
▼ + stars: | 2024-03-18 | by ( Alistair Barr | Ashley Stewart | ) www.businessinsider.com time to read: +5 min

Read previewThe AI community assumes that OpenAI uses vast quantities of YouTube videos to train models, including its new Sora offering. The mystery is how OpenAI accesses enough YouTube content to make this work. Business Insider asked OpenAI whether it has downloaded YouTube videos at scale and whether the startup uses this content as data for AI model training. Google, OpenAI, and other tech companies are currently arguing that using copyrighted content for AI model training is also legal. And when pressed again about sources of training data, Murati replied, "I'm not going to go into the details."

Persons: —, OpenAI, Mira Murati, Sora, I'm, Murati, Axel Springer, Ashley Stewart Organizations: Service, YouTube, Business, Google, Microsoft, Street

☆ How to Post on LinkedIn in a Professional, Non-Cringe Way
▼ + stars: | 2024-03-18 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

The other day, a friend of mine liked one of my LinkedIn posts. AdvertisementWhy LinkedIn feels so cringeAs much as LinkedIn is a professional platform, something about it feels really personal. There's a reason social-media accounts like Best of LinkedIn, which pokes fun at over-the-top LinkedIn posts, exist. Given the weakness of the official advice, I decided to ask a bunch of people for tips on how to post in a non-cringe way on LinkedIn. I also asked a pair of social-media managers — one at Business Insider and one at a different company — for their thoughts on LinkedIn posting.

Persons: Nathan Allebach, It's, Sunny Xun Liu, thinkfluencers, it's, Brendan Gahan, there's, John Hickey, they're, Brandon Smithwick, Natalie Marshall, Natalie, Marshall, Allebach, Emily Stewart Organizations: LinkedIn, Stanford Social Media, Authority, Business Locations: There's

☆ Why the big winner in the Reddit IPO is ... a magazine publisher
▼ + stars: | 2024-03-18 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

AdvertisementIt's easy to write gloomy stories about the state of the media business. The media business is often pretty gloomy! This one is about a very Old World Media Company that has struck gold in digital media — one of the very few times that has ever happened. (While we're in disclosure mode, I should note that Business Insider itself is a digital media company acquired by German media conglomerate Axel Springer in 2015. AdvertisementMaybe a worthwhile playbook the next time — and there will be a next time — a big media company opens its wallet for a digital upstart again.

Persons: Condé Nast, —, Reddit, Time Warner, Axel Springer Organizations: Advance, Service, World Media Company, Vogue, Yorker, Big Media, News Corp, MySpace, Penguin, YouTube, Maker Studios, Disney, Fox, Time, Comcast, NBC, Vox Media Locations: Reddit

☆ A psychologist shares 4 subtle signs a patient has OCD, even if they don't realize it
▼ + stars: | 2024-03-17 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

"There is also a wide swath of experience that happens underneath the surface for people with OCD," Riven said. "It's very common to see individuals with OCD experience a lot of distress that can go entirely undetected by people in their lives because it's all happening privately in the mind." He shared some of the lesser-known OCD symptoms, many of which can be subtle or tricky to spot. He said everyone has intrusive thoughts, such as steering your car into the opposite lane, from time to time. AdvertisementTo distinguish if it's a possible symptom of OCD, Riven asks questions to understand how much a patient analyzes those intrusive thoughts.

Persons: —, Levi Riven, Riven, they've Organizations: Service, Business

☆ A career coach explains why the Kate Middleton saga is resonating with women online: 'I don't want to be your trad wife'
▼ + stars: | 2024-03-17 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +5 min

The rumors became larger than life after American TV host Stephen Colbert speculated that Prince William had an affair. Women imagine Middleton had taken a stand against the monarchyMany women shared their theories about Middleton online in recent weeks. Some of those hinged on the belief that her relationship with Prince William and the monarchy had fractured. Prince William and Kate Middleton in 2023. AdvertisementAs rumors spread, sources and friends of Middleton told The Times of London that she may soon share details about her health.

Persons: —, Kate Middleton, Middleton, Prince William, William, — Prince George , Princess Charlotte, Prince Louis —, Prince Louis , Prince George, Princess Charlotte, Aaron Chown, she's, Kensington, Stephen Colbert, Elizabeth Pearson, Pearson, I'm, it's, we've, Chris Jackson, Princess Diana, Wales, King Charles III . Princess Diana, King Charles, Queen Camilla, They're Organizations: Service, CBS News, Business, Times Locations: United Kingdom, Middleton, London

☆ When a Gen Zer studied in Milan, he met a best friend online to combat loneliness. They still maintain a friendship despite living in different continents.
▼ + stars: | 2024-03-17 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Nick Portello (left) and Michele Gandolfi (right) maintain their international friendship over social media. Portello loved getting to experience Milan from a local's perspective, and Gandolfi appreciated doing new activities in his home city. "It's different living as a queer person in Italy, in a big town like Milan, or in New York like Nick." Portello said his experience meeting Gandolfi has encouraged him to reach out to new people and continue building real friendships on social media. Are you a Gen Zer who met friends online or maintain a long-distance friendship?

Persons: —, Nick Portello, Michele, Mycah, We've, Zers, Michele Gandolfi, Portello, Gandolfi, Milan, — he's, It's, Nick, Zer Organizations: Service, Business Locations: Italy, Milan, Reddit, American, That's, New York, Stockholm, London, Europe

☆ Fast-food diners are using loyalty apps to get deals on cheap — or free — food as prices soar
▼ + stars: | 2024-03-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

More diners are using restaurant loyalty apps to get cheap or free food. AdvertisementDiners are turning to fast-food loyalty apps for cheaper meals as years of price hikes catch up with customers. Many restaurant apps give diners points based on how much they spend, which can be redeemed for free food. AdvertisementPeople on Reddit say they're using loyalty apps to save money and get free meals. Some restaurant apps give diners points based on how much they spend.

Persons: McDonald's, —, Wendy's, Taco Bell, I've, Chipotle Martin Jennings, Jennings, Warren Colehour, Sharon Zackfia, William Blair, Annie Smith, Chris Kempczinski, Joe Erlinger, Erlinger, Laxman Narasimhan, Brady Brewer Organizations: Starbucks, Service, Bell Locations: Florida, Kentucky, Canada

☆ Dating Apps Like Hinge, Tinder and Bumble Are Getting Worse - The New York Times
▼ + stars: | 2024-03-16 | by ( Magdalene J. Taylor | ) www.nytimes.com time to read: +2 min

“The golden age of dating apps is over,” a friend told me at a bar on Super Bowl Sunday. As we waited for our drinks, she and another friend swiped through Bumble and Hinge, hunting for new faces and likes. Across the bar were two young men: phones out, apps open, clearly doing the exact same thing. What’s lamentable here isn’t only that dating apps have become the de facto medium through which single people meet. Or maybe the apps have functionally, intentionally gotten worse, as have our romantic prospects.

Persons: ”, swiped, What’s, Cory Doctorow Organizations: Super Locations: U.S

☆ Why axolotls are everywhere — but a rarity in the one lake they call home
▼ + stars: | 2024-03-16 | by ( Kate Golembiewski | ) edition.cnn.com time to read: +10 min

“They’re teenagers, at least in appearance, until they die.”Mexico's Lake Xochimilco is the only spot where axolotls are found in the wild. Daniel Cardenas/Anadolu/Getty ImagesWhile the wild axolotls of Lake Xochimilco have dwindled to near-extinction, countless axolotls have been bred for scientific laboratories and the pet trade. However, the axolotls you might find at a pet shop are different from their wild relatives in Lake Xochimilco. That means that the axolotl extinction crisis can’t simply be solved by dumping pet axolotls into Lake Xochimilco. (Plus, the pet axolotls likely wouldn’t fare well with the poor habitat conditions in the lake.)

Persons: Randal Voss, Voss, “, ’ ”, Xolotl, “ ACK, uhl, ” Voss, Hector Vivas, they’re, Luis Zambrano, ” Zambrano, Daniel Cardenas, they’ve, Axolotls, Zambrano, axolotls, ”, ” Kate Golembiewski Organizations: CNN, University of Kentucky College of Medicine, “, Aztecs, National Autonomous University of Mexico, Mexico City, International Union for Conservation of Nature, Axolotl, Amphibians Conservation, Anadolu, Getty Locations: Mexican, Xochimilco, Mexico City, It’s, Lake Xochimilco, Mexico, French, Europe, California , Maine , New Jersey, Washington, Minecraft, Chicago

☆ TikTok is a national security risk that needs to be banned, says Slow Ventures' Sam Lessin
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTikTok is a national security risk that needs to be banned, says Slow Ventures' Sam LessinSam Lessin, Slow Ventures co-founder, joins 'The Exchange' to discuss Reddit IPO, his reaction to a proposed TikTok ban heading to the Senate, and more.

Persons: Sam Lessin Sam Lessin Organizations: Ventures, Slow Ventures, Senate

☆ Reddit discloses FTC probe into its AI content licensing practices
▼ + stars: | 2024-03-15 | by ( Brian Fung | ) edition.cnn.com time to read: +1 min

Washington CNN —The Federal Trade Commission is looking into Reddit’s plans to license its platform content to artificial intelligence companies, the social media company disclosed Friday in a securities filing. The FTC sent Reddit a letter on Thursday outlining the scope of the inquiry, Reddit said in the filing. “The FTC’s staff is conducting a non-public inquiry focused on our sale, licensing, or sharing of user-generated content with third parties to train AI models,” Reddit disclosed. The company has entered into an agreement to share its platform data with Google in order to train the tech giant’s AI models. Reddit said earlier this week that it expects to price shares between $31 and $34 each when it makes its IPO offering.

Persons: Reddit, ” Reddit, “ Organizations: Washington CNN, Federal Trade Commission, FTC, Google

☆ 776 Ventures' Katelin Holloway talks investing in moon mining company Interlune
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email776 Ventures' Katelin Holloway talks investing in moon mining company InterluneKatelin Holloway, 776 Ventures Founding Partner, joins 'Closing Bell Overtime' to talk investing in the space, the creator economy, and the upcoming Reddit IPO.

Persons: Katelin Holloway

SAN FRANCISCO (AP) — Reddit said Friday that the Federal Trade Commission has opened an inquiry into the social media platform’s sale, licensing or sharing of its users' posts and other content to outside organizations for use in training artificial intelligence models. The company disclosed the inquiry Friday in a filing with the Securities and Exchange Commission that cited a letter from the FTC dated Thursday. That arrangement will also give Reddit access to Google AI models for improving its internal site search and other features. Reddit declined to comment or answer questions beyond a written statement about the deal. Friday's disclosure comes as Reddit prepares to sell shares to the public for the first time.

Persons: — Reddit, “, ” Reddit, Reddit Organizations: FRANCISCO, Federal Trade Commission, Securities and Exchange Commission, FTC, Google Locations: San Francisco

☆ FTC conducting inquiry into Reddit's AI data-licensing practices ahead of IPO
▼ + stars: | 2024-03-15 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

Reddit said Friday that the Federal Trade Commission sent a letter to the company about its data-licensing business related to the training of artificial intelligence systems. "On March 14, 2024, we received a letter from the FTC advising us that the FTC's staff is conducting a non-public inquiry focused on our sale, licensing, or sharing of user-generated content with third parties to train AI models," Reddit said in an updated IPO prospectus. Reddit filed for an IPO in February, and plans to trade on the New York Stock Exchange under the ticker symbol "RDDT." Reddit said "the opportunity does not conflict with our values and the rights of our Redditors," referring to its users and forum moderators. "We do not believe that we have engaged in any unfair or deceptive trade practice," Reddit said.

Persons: Reddit, hasn't Organizations: Federal Trade Commission, New York Stock Exchange, FTC, Google Locations: Klaviyo

☆ Conspiracies around Catherine, Princess of Wales have reached a fever pitch
▼ + stars: | 2024-03-15 | by ( Aj Willingham | ) edition.cnn.com time to read: +10 min

CNN —The public absence of Catherine, Princess of Wales, has grown from a niche royal watcher concern to an international punchline in a matter of weeks. Droves of amateur detectives have crafted timelines and deep dives into the princess’ movements over the last few months, combining real concern with outlandish conspiracy. The uproar, the theories, the analyses, the jokes and, yes, the serious concern — they all show the multitude of ways people interact with and view the royal family. “Not [the royal family] specifically, just anyone in that kind of position.”Catherine, Princess Of Wales is seen during the opening of Evelina London's new children's day surgery unit on December 5, 2023 in London, England. Chris Jackson/Getty ImagesMore dire than the growing transatlantic comedy routine is the apparent dissolution of trust between some media outlets and the royal family.

Persons: Catherine , Princess of Wales, That’s, Kate, hasn’t, CNN It’s, it’s, ”, who’s, “, unrelatable, I’ve, Susan Graves, subreddit, Diana, Prince Harry, Prince Andrew, Carly Wainsworth, “ It’s, Graves, Wainsworth, Meghan, Duchess of Sussex, King Charles ’, Princess Diana —, they’re, ” Wainsworth, ” Catherine, Princess, Ian Vogler, Kate truthers, Kate Middleton ”, kate, don’t, Pete Davidson, Singer, Stephen Colbert, Stephen Colbert , goss, Cillian Murphy, ” Prince William , Prince of Wales, Prince Louis of Wales, Princess Charlotte of Wales, Prince George of Wales, Chris Jackson, Catherine, you’re, we’ve, Phil Chetwynd, Prince William, Mark Borkowski, ” Borkowski, Rosa Prince, Barbie Organizations: CNN, Daily, Dublin Airport, Getty, AFP, BBC, British Press Photographers ’ Association, ”, The Daily Mail, Royal, “, ” Politico Locations: Kensington, Brazilian, Birmingham, Wales, London, England, Buckingham

☆ A clip that's seemingly of the CEO behind Devin, the 'first AI software engineer,' at a math event is wowing viewers
▼ + stars: | 2024-03-14 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Read previewOn Tuesday, Scott Wu's startup Cognition launched what it claims to be the world's "first AI software engineer," Devin, creating quite the buzz — and a little discomfort — in the tech community. The autonomous AI developer, Cognition claims, is the first of its kind to write code, fix bugs, and train AI models, among other tasks, all on its own. Today we're excited to introduce Devin, the first AI software engineer. Devin is… pic.twitter.com/ladBicxEat — Cognition (@cognition_labs) March 12, 2024Cognition claims that Devin can radically change how software engineers do their jobs. And reactions to the capabilities of Devin — which Cognition claims can resolve 13.86% of coding issues found in open-source projects on GitHub — seem mixed.

Persons: —, Scott Wu's, Devin, Wu, Reddit, He's, Wu didn't, Peter Thiel's, Scott, Neal, …, Kyle Shevlin, Athagist, Devin —, Aravind Srinivas, Evan You, they'd, I'd, Bro, isn't Organizations: Service, Twitter, Raytheon, Business, Cognition, Harvard University, LinkedIn, Fund, Bloomberg Locations: Singapore

☆ Reddit readies for IPO: Heres what it means for capital markets
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReddit readies for IPO: Heres what it means for capital marketsCNBC's Deirdre Bosa joins 'The Exchange' to report on Reddit's IPO preparations, potential future company IPOs following a Reddit debut, and more.

Persons: Deirdre Bosa

☆ The 'Love Is Blind' season 6 reunion was a masterclass in bringing receipts
▼ + stars: | 2024-03-14 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +11 min

The "Love Is Blind" season six reunion didn't shy away from addressing off-screen drama. AdvertisementThe "Love Is Blind" producers did not come to play in the season six reunion. His "Love Is Blind" ex-fiancée Laura Dadisman and current girlfriend Sarah Ann were also asked to confirm that was true, which they did. Not only was that scene excellent drama, but it was extremely cathartic to see Laura say her piece and warn Sarah Ann about Jeramey being fake — even if Sarah Ann didn't actually listen to her warnings in the end. Between the nearly two-hour delay for the "live" broadcast and the Lacheys failing to address some of the most controversial topics of the season, season four star Zack Goytowski served as the voice of the fans more than the actual hosts.

Persons: —, Nick, Vanessa Lachey, Jeramey, Sarah Ann, Jeramey didn't, exes, Lutinski, Sarah Ann Bick, he'd, Laura Dadisman, Laura, Sarah Ann's, she'd, Sarah Ann didn't, Trevor, Adam Rose, Netflix Trevor Sova, Chelsea Blackwell, Jimmy Presnell, Teddy Bear Trevor, Natalia Marrero, they'd, Natalia, Jessica, Jimmy, screentime, Jessica Vestal, Amber, Matthew Duliba, Amber Grant, Amber Desiree, Smith, Nick Lachey, Matthew, Clay, Cole, Zanab's, Zack Goytowski, Jackie Bonds, Josh Demas, wasn't, fiancé Marshall Glaze, Jackie, Josh, Marshall Organizations: Service, Netflix, Chelsea

☆ Refund fraud schemes promoted on TikTok, Telegram are costing Amazon and other retailers billions of dollars
▼ + stars: | 2024-03-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +14 min

The following month, 10 men were indicted in Oklahoma, charged with conspiracy to commit wire fraud for allegedly operating a refund fraud service named Artemis Refund Group. A thriving refund fraud marketFor every refund fraud service shut down by law enforcement, swarms of similar groups remain open for business. CNBC viewed several active refund fraud services on encrypted messaging app Telegram, each with thousands of followers. Zoom In Icon Arrows pointing outwards A Google form from an active refund fraud service explaining which stores it targets and how much it charges customers. Zoom In Icon Arrows pointing outwards A refund fraud service claims to have access to Amazon insiders in a Telegram post.

Persons: Stephanie Keith, Noah Page, Page, he'd, Ralph, —, Rick Owens, Sajed Al, Ralph Lauren, Uber, Maarej, Chris Black, Amazon, Al, they'd, Rekk, Cyril Noel, Tagoe, Noel, Louis Vuitton, scammers, Reddit, Brittany Allen, Allen, Remi Vaughn, Vaughn, she's, David Johnston, Johnston Organizations: Bloomberg, Getty, CNBC, National Retail Federation, Appriss, Amazon, Page, Riverside Press, Medianews, PayPal, Retailers, Artemis, Walmart, Apple, Nike, eBay, Saks Fifth, DoorDash, Google, MacBook, Mail, UPS, U.S . Postal Service, Al, Rekk, Gucci Locations: New York, Chattanooga , Tennessee, Reddit, TikTok, Eastvale, Michigan, Oklahoma, Chattanooga

☆ Investors are watching Reddit IPO 'very closely': Raymond James' Sunaina Sinha Haldea
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors are watching Reddit IPO 'very closely': Raymond James' Sunaina Sinha HaldeaSunaina Sinha Haldea, Raymond James private capital advisory global head, joins 'Closing Bell Overtime' to talk the current IPO and dealmaking space as Reddit is on deck to go public.

Persons: Raymond James, Sunaina Sinha, Sunaina Sinha Haldea

☆ Reddit’s Long, Rocky Road to an Initial Public Offering
▼ + stars: | 2024-03-13 | by ( Mike Isaac | ) www.nytimes.com time to read: +1 min

During a leadership crisis in 2015, Reddit asked Steve Huffman, one of its founders, to return to run the social media platform. This month, Reddit is poised to reach the stock market in one of the first tech initial public offerings of the year. Unlike a recent crop of start-ups that are focused entirely on artificial intelligence, the 19-year-old company is a throwback to an earlier era of social media. But what stands out the most is that Reddit is able to go public at all. After being early to social media, the San Francisco-based company stagnated for years.

Persons: Reddit, Steve Huffman, Huffman, “, Mr Locations: San Francisco

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