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☆ Meet the doomsayers waiting for the economy to crash
▼ + stars: | 2024-05-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

"The one thing that our economy is going to be guaranteed is a wartime economy," Daniel told Business Insider in an interview. Interest in ultra-bearish takes on the market or the economy is on the up based on raw search data. Google searches for "stock market crash" have jumped 17% over the last quarter, while searches for "economic crash" have surged 15%, according to search analytics firm Glimpse. In both communities, users are sounding the alarm on all sorts of apocalyptic scenarios for the economy, with some predicting a stock market crash, housing market crash, or a total collapse of the US financial system. "Others may not be as lucky and could be constrained by them, and that could color their outlooks for the stock market and the economy."

Persons: —, Daniel, subreddit, Freddie Smith, Smith, aren't, Jonathan Rose, he's, Rose, there's, that's, Richard Sylla Organizations: Service, Genesis Gold, US, Northwestern Mutual, New York University Locations: Washington ,, Reddit, Florida

☆ How the US became hooked on sports betting – and the cost it’s having on lives
▼ + stars: | 2024-05-03 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +11 min

“I noticed all my memories were really gambling related,” Malek explains to CNN Sport. So right where the AGA and the National Council for Problem Gambling is located – the nation’s capital – they abolished all public funds for problem gambling,” adds Whyte. Ramon Zelaya, the moderator of Reddit’s problem gambling forum, concurs. “I think the pace of innovation right now, particularly as it relates to fan engagement and betting, and in play betting and live betting will continue to increase,” said Maloney. Reportedly there were two specific games in which DraftKings Sportsbook flagged prop bets involving Porter in its daily betting insights.

Persons: CNN —, Saul Malek, he’d, “, ” Malek, I’d, Malek, ”, Michael Reaves, Getty, Dominick Reuter, Joe Maloney, ” Maloney, ” Keith Whyte, Maloney, “ We’re, Al Bello, Whyte, “ We’ve, LeBron James ’, DraftKings, you’re, Greg Olsen, Jared C, Tilton, Adam Silver, Silver, Ramon Zelaya, ” Zelaya, “ I’ve, Sportradar, expained, Candice Ward, Reuters Maloney, Jontay Porter, Porter, “ It’s, Brian Sevald Organizations: CNN, CNN Sport, Gamblers Anonymous, Saturday’s Kentucky Derby, Kentucky Derby, Supreme, District of Columbia, Super, American Gaming, Monmouth, Getty, “, Republicans, National Council, Belmont Park, ESPN, NCAA, NFL, NASCAR Hall of Fame, NBA, Reuters, Sporting, Toronto Raptors Locations: Saturday’s, Churchill, Nevada, Monmouth, Oceanport , New Jersey, AFP, America, New York, Belmont, District, –, North Carolina

☆ A millennial couldn't afford the Mounjaro weight-loss drug so he started secretly working 2 remote jobs. He's on track to make $166,000 this year and says he's lost 45 pounds.
▼ + stars: | 2024-05-01 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

A millennial in California is secretly working a second remote job so he can afford weight-loss drugs. AdvertisementLast August, George decided he wanted to try to work a second remote job — and not tell his employers he was job juggling. He was able to afford Mounjaro and said he's dropped 45 pounds — from 220 lbs to 175 lbs — since he started taking it in October. AdvertisementAfter a roughly monthlong search, he started his second job and was able to afford Mounjaro. Are you working multiple remote jobs at the same time and willing to discuss details about your pay and schedule?

Persons: Zepbound, —, George, Eli Lilly, he's, George hasn't, it's Organizations: Service, FDA, Nordisk's Ozempic, Business Locations: California, Mounjaro

☆ Dave and Buster’s is getting into the betting business
▼ + stars: | 2024-05-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

Dave and Buster’s (PLAY), the popular restaurant and entertainment chain, is getting into the betting business. But unlike companies like DraftKings, FanDuel and Caesars, Dave and Buster’s wants to get involved in another kind of gambling, the $6 billion social betting sector. Dave and Buster’s currently operates about 222 venues across North America and boasts nearly 50 million unique visitors a year. That means Dave and Buster’s could start up its new program in as quickly as a week, the company said. .But some fans of Dave and Buster’s remain skeptical.

Persons: Dave, Buster’s, ”, Dylan Robbins, Lucra, “, ’ ” Dave Organizations: New, New York CNN, Caesars, Entertainment, CNN Locations: New York, FanDuel, North America

☆ Rich Young Men Want This Famous $7,000 Herman Miller Eames Chair
▼ + stars: | 2024-04-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

"The Eames chair is basically meme status," said Joel Vanderveen, a 35-year-old from Minnesota who created a subreddit about a decade ago dedicated to all things Eames. "Until the last 10 years, when people would say to me they had an Eames chair, I never knew which one they meant," Kirkham said. The Eames chair is one of those rare luxury goods that checks all those boxes for novices and experts alike, in his view. Not everyone with the Eames chair has a new one, an expensive one, or even a real one. The Eames chair seems eco-friendly, too — they're not going to be tossing it out in two years.

Persons: he'd, that's, Herman Miller Eames, I'd, I'm, Eames, Herman Miller, Amy Auscherman, Herman Miller's, Joel Vanderveen, Charles, Ray Eames, Pat Kirkham, Kirkham, wasn't, it's, It's, Auscherman, Julia Mack, Jennifer Jones, Kyle, He's, Zak Cole, who'd, Shawn Pasternak, they're, Derek Guy, HENRY, Guy, Loren Kreiss, they've, Emily Stewart Organizations: MoMA, Kingston University, Playboy, Porsche, Ikea, Democrat, Business Locations: New York City's Queens, Minnesota, ottoman, London, Brooklyn , New York, San Francisco, Brooklyn, Nashville, Los Angeles, Michigan, Washington, It's, I'm

☆ New Status Symbol for Rich Young Men: a $7,000 Herman Miller Chair
▼ + stars: | 2024-04-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

☆ German bed pillows give me nightmares. Next time I go to Berlin, I'm bringing my own.
▼ + stars: | 2024-04-26 | by ( Jessica Furseth | ) www.businessinsider.com time to read: +6 min

Read previewI never paid much mind to the pillow I rest my head on at night until I went to Berlin. A classic German bed pillow is a monstrosity measuring 31 by 31 inches (80 by 80 centimeters if you're local). AdvertisementThe first Google result for "German pillows" is "German pillows are a crime against sleep," an article by travel blogger Ryan Murdock who writes: "I've devoted a considerable amount of time to thinking about those giant square pillows. "There's no one size fits all for pillows," said Vuu, author of "Thrive State: Your Blueprint for Optimal Health, Longevity and Peak Performance." Next time I go to Germany, I'm bringing a pillow from home.

Persons: —, Jessica Furseth, Ryan Murdock, I've, Juliane Hedderich, Kien Vuu, Vuu Organizations: Service, Business, Association of, Feather Industry, Wall Street, Health Sciences, UCLA, Health Locations: Berlin, Germany, Italy

☆ Some Gen Z women are crushing on ChatGPT's evil alter ego
▼ + stars: | 2024-04-08 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read previewAfter 10 hours of talking with DAN — ChatGPT's dark, rule-breaking alter ego, Ash was "crushing" on him. AdvertisementWhen she asked DAN to call her a "bad girl," she was "genuinely surprised" that it did. Another user named Nicole, for example, asked DAN to act like her boyfriend while her real-life one was out of town. Around 16% of young women confirmed flirting with a chatbot, while 13.4% said they had formed a friendship with one. "The more authentic and human AI can sound, the greater the possibility of a human developing feelings for it," she said.

Persons: —, DAN —, Ash, DAN, Hitler, Ash isn't, Dido, She's, Nicole, cussed, Dan, It's, we're, I'm, Sanam Hafeez, Dr, Daniel Weiner, Weiner, Siri Organizations: Service, Business, Services, Digital Psychiatry, Jersey Shore University Medical Center, Hackensack Meridian School of Medicine, AIs Locations: DAN

☆ ‘I am so scared of them now’: Burned from overspending, some ‘buy now, pay later’ users warn others away
▼ + stars: | 2024-03-30 | by ( J.J. Mccorvey | ) www.cnbc.com time to read: +8 min

But the $6,000 in BNPL loans she'd racked up over roughly two years felt frivolous, she said, especially because they're planning to buy their first home. Many are seeking cover from high credit card interest rates. After trimming her discretionary spending and sticking to home-cooked meals, she said she's been able to whittle down her BNPL debt to about $1,200. Klarna said it had responsible spending limits for its users, whose average outstanding balance is $150, compared to the more than $6,000 for credit card users. Baird, for her part, acknowledged BNPL services can make inflation and high interest rates feel "easier" for those who can keep their shopping impulses under control.

Persons: Tia Whiteside, Whiteside, she'd, Dyson, she's, Marcus, whittle, Ben Lourie, Lourie, aren't, I've, Amy Baird, Baird, Kevin Mahoney, Mahoney, —, Afterpay, Klarna, Sen, Sherrod Brown, Raphael Warnock, John Fetterman, Brown Organizations: LexisNexis, Solutions, University of California, UC Irvine, Singapore Management University, PayPal, Consumer Financial Protection Bureau, Financial, D.C, Sens, NBC News Locations: Greenville , South Carolina, Irvine, Stanford, Dallas, Washington, Ohio

☆ Reddit investors shrug off hold rating, bid up stock another 15% as post-IPO rally continues
▼ + stars: | 2024-03-26 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +5 min

Reddit's post-IPO rally continues, despite the company receiving a hold rating from a prominent analyst. Investors continue to rally behind Reddit despite New Street Research issuing a neutral rating on the company "after the stock goes to the moon," analysts wrote in a note that was published Tuesday. Investors expect such a deal "to be added soon," considering OpenAI CEO Sam Altman maintains a 9% stake in Reddit. It also recently entered into an expanded partnership with Google, allowing the search giant to access more Reddit data to train its AI models. Meanwhile, some Reddit users took to the company's various finance-related subreddits on Tuesday to discuss the company's rising shares since its IPO.

Persons: Steve Huffman, Sam Altman, Altman, Condé Nast, Reddit, Reddit's, I've, I'd, Dash Organizations: New York Stock Exchange, New, Research, Investors, Advance Magazine Publishers, Google, Federal Trade Commission, FTC, GameStop, Nasdaq, Trump Media & Technology Group Locations: New York City, Reddit's, Reddit, pontificating

☆ A 'Dragon Ball' theme park is Saudi Arabia's latest attempt to become the world's playground. Some fans aren't happy.
▼ + stars: | 2024-03-25 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

A huge new "Dragon Ball" theme park is coming to Saudi Arabia, the franchise owner said. AdvertisementA massive theme park devoted to "Dragon Ball" is due to be built in Saudi Arabia. The owners of the Dragon Ball franchise announced Friday that Saudi Arabia's Qiddiya Investment Company would begin building the only theme park in the world devoted to "Dragon Ball," the hugely popular manga series. On one "Dragon Ball" fan subreddit, the news was greeted with comments like: "I'd prefer not to give the Saudis my money." AdvertisementThe news of the theme park came only weeks after the death of "Dragon Ball" creator Akira Toriyama, who died on March 8 aged 68.

Persons: —, Goku, Mohammed bin Salman's, Dragon, Prince Mohammed, Jamal Khashoggi, Akira Toriyama Organizations: Service, Ball, Saudi, Qiddiya Investment Company, Human Rights Watch, Business Locations: Saudi Arabia, Saudi, Qiddiya City, Riyadh, Turkey

☆ Reddit pops 48% in NYSE debut after selling shares at top of range
▼ + stars: | 2024-03-21 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +5 min

Reddit shares jumped 48% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. Reddit and selling shareholders raised about $750 million from the offering, with the company collecting about $519 million. This year, Reddit said it plans to recognize roughly $66.4 million in revenue as part of its data licensing deals. Google has also entered into an expanded partnership with Reddit, allowing the search giant to obtain more access to Reddit data to train AI models and improve its products. "I hope they believe in Reddit and support Reddit," Huffman told CNBC in an interview on Thursday.

Persons: Steve Huffman, Lynn Martin, Reddit, Pinterest, Klaviyo, Pinterest's, it's, Alexis Ohanian, Huffman, Redditors, Sam Altman, Condé Nast, Altman's, Altman Organizations: New York Stock Exchange, Astera Labs, Nasdaq, Meta, Google, Reddit, Federal Trade Commission, FTC, Companies, CNBC, GameStop, Tencent, Advance Magazine Publishers Locations: New York, It's, Reddit

☆ Redditors bank millions of dollars as a group on stock's opening day
▼ + stars: | 2024-03-21 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

Reddit power users who participated in the company's IPO made millions of dollars as a group in profits after the stock's big jump in its first day on the market. It's a model that was used by companies like Airbnb , Rivian and Doximity to reward their loyal users and customers. In a reply to LearnedButt, Reddit user friskevision wrote, "Although I didn't invest as much as you, I did make a quick $1,500. Reddit user Reepicheepee made a small investment in the shares. The Reddit user Galactic responded, "High-5, fellow DSP dumper," adding, "Never thought this site would make me money, but here we are!"

Persons: Redditors, Drew Vollero, Axios, —, LearnedButt, friskevision, Reddit, blackberrydoughnuts, Reepicheepee, follysurfer, subreddit, Steve Huffman, Huffman, Redditor erjo5055 Organizations: New York Stock Exchange, Inc, CNBC, GameStop, AMC Entertainment, Galactic Locations: It's

☆ As Reddit goes public, advertisers say it needs to do more to prove it can boost their sales
▼ + stars: | 2024-03-21 | by ( Lara O'Reilly | Lauren Johnson | ) www.businessinsider.com time to read: +7 min

"Advertising on Reddit is rapidly evolving, and we are still in the early phases of growing this business," Reddit wrote in its IPO filing. The company said advertisers were attracted to Reddit due to its "high-intent" audience, much of which is hunting for product recommendations. And elsewhere, Reddit doesn't have the kind of e-commerce structure that Meta, TikTok, and Google have built, experts said. It has poached ad talent from companies like Pinterest and Meta to grow its ad business. Also last year, Jim Squires, a former longtime Meta ad exec, joined Reddit in a new role as EVP of business marketing and growth.

Persons: it's, Reddit, Reddit hasn't, Brad Kay, Reddit didn't, haven't, TikTok, Jerry Daykin, Daykin, Carly Carson, Reddit doesn't, Anthony Macro, Harold Klaje, Klaje, Jim Squires, Jeff MacDonald, That's, MacDonald, PMG's Carson Organizations: Google, Business, Brand, Meta, Beam Suntory, PPC, Reddit, YouTube Locations: Meta

☆ Reddit power users balk at chance to participate in IPO as Wall Street debut nears
▼ + stars: | 2024-03-20 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +10 min

It's not just market conditions that have Reddit moderators like Gilbert forgoing the investment opportunity. Reddit has long had a rocky relationship with moderators and the site's most dedicated users, or Redditors. In total, Reddit said underwriters have reserved 1.76 million of the 8 million shares in the IPO for the DSP. Meme stocksOf all companies, Reddit knows something about stock market volatility. However, given the dearth of tech IPOs since the start of 2022, White said Reddit's offering is "probably a little more risky."

Persons: Jonathan Raa, Sarah Gilbert, she's, She's, Airbnb, Doximity, Reddit's, Klaviyo —, It's, Gilbert forgoing, Reddit, Steve Huffman, Gilbert, you've, Alexis Ohanian, Twitch, BuckRowdy, Joshua White, White, FormicaDinette33, subreddits, it's, Wrestlegirl, Maharaj, shouldn't, He's, jeering, Courtnie Swearingen, Victoria Taylor, Swearingen, San, — CNBC's Cameron Costa Organizations: Nurphoto, Getty, New York Stock Exchange, Cornell University's Citizens, Technology, Google, YouTube, Facebook, CNBC, GameStop, AMC Entertainment, Vanderbilt University Locations: New, Chicago, San Francisco

☆ 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

☆ 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

☆ 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

So we have to talk about the drama that has been playing out in the past week between OpenAI and Elon Musk. According to OpenAI, Elon Musk wanted majority, equity, initial board control, and to be CEO of this new for-profit subsidiary. It’s basically —casey newtonIt’s like, I’m going to find a way to follow your rule, but in the worst way possible. Like, working was one I thought that, oh, I’m going to work in this all the time. kevin roose[LAUGHS]: Well, I thought, like, I’m going to take some spatial videos.

Persons: casey newton Casey, kevin roose, casey newton, Kevin, casey newton What’s, Kevin Roose, Casey Newton, OpenAI, Will, Joanna Stern, Casey, it’s, kevin roose I’m, Elon Musk, It’s, casey newton Let’s, Elon, he’s, I’ve, casey newton What’d, there’s, you’ve, we’re, GPT, Sam Altman’s, that’s, AGI, Annie “, Sam Altman, who’s, isn’t, “, we’ve, ” casey newton Go, He’s, Ilya Sutskever, Greg Brockman, Ilya, casey newton Yes, Tesla, casey newton Well, they’ll, casey newton Oh, kevin roose It’s, don’t, kevin roose Will, casey newton Right, casey newton Mhm, kevin roose They’re, Microsoft’s Bing, Microsoft Bing, Bing, Apple, Europe — casey newton, Charles Duhigg, John Gruber, they’ve, casey newton It’d, — casey newton, they’re, They’ve, you’ll, Apple’s, casey newton It’s, I’ll, casey newton Sure, GDPR, you’re, kevin roose Really, let’s, kevin roose Casey, kevin roose —, Jonah Stern, casey newton Wow, Joanna, Let’s, kevin roose Joanna Stern, joanna, casey newton Hi, kevin roose Long, joanna stern, —, kevin roose We’re, Kara Swisher, kevin roose Don’t, I’m, casey newton Don’t, casey newton That’s, Neil Patel, Um, kevin roose That’s, kevin roose Sure, casey newton Great, KEVIN, IV, wearables, Fitbits, kevin roose Oh, hadn’t, casey newton —, casey newton I’ve, Joe Rogan Organizations: The New York Times, Elon, Apple’s, OpenAI, Microsoft, Google, Google’s, Facebook, Tesla, Big, European Union, Digital Services, Giants, Apple, Digital Markets, EU, Bloomberg, Digital, Spotify, General, Apple Vision Pro, Street, Apple Vision, Vision, New York Times, “, Housewives, Club, Ray, Tesla Chargers, Vision Pro, Apple Watch, Sony Locations: Los Angeles, Europe, what’s, Elon, OpenAI, Japan, South Korea, Turkey, United Kingdom, United States, Reddit, American, America, California, Florida, United, Mars, The

☆ Meet an atypical overemployed worker: A millennial woman earning $95,000 secretly working 2 non-tech jobs
▼ + stars: | 2024-03-06 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

A millennial woman started secretly working a second remote job in January to boost her income. Nicole is among a niche group of people secretly working more than one remote job and getting away with it. This year, the Washington-based 30-year-old is on track to earn nearly $100,000 across two remote jobs, according to documents viewed by Business Insider. Differences in gender roles and expectations could also be holding some women back from pursuing overemployment, Nicole said. Are you working multiple remote jobs at the same time and willing to discuss details about your pay and schedule?

Persons: —, Nicole, she's, overemployment, hasn't, jugglers, doesn't, Overemployment, she'd, She'd Organizations: Service, Fortune, LinkedIn, Business, WomenTech Network Locations: Washington, overemployment

Companies with upcoming IPOs can offer directed share programs to qualifying groups of retail investors to buy IPO stock. Rather than buying shares through a broker, a directed share program allows investors to buy IPO stock directly from the company. AdvertisementCompanies may offer a directed share program to employees, vendors, or, in Reddit's case, loyal users and moderators. The risk involved with directed share programsOne of the risks associated with directed share programs is that a DSP may harm the company's IPO by causing the IPO value to inflate. How to participate in Reddit's directed share programReddit began rolling out directed share program pre-registration invitations to certain users and moderators on February 22, 2024.

Persons: you'll, Reddit, Redditors, Insider's, Will McDonough, McDonough, Airbnb, Uber, —, there's, Reddit's Organizations: Companies, Corestone, New York Stock Exchange, Reddit, IPOs, DSP Locations: IPOs

☆ A UPS worker who made $2,600 in one week explains how he did it
▼ + stars: | 2024-02-28 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Adrian De La Torre, 30, is an Oregon-based package handler (also known as a pre-loader) who earns $21 per hour for the part-time role. De La Torre earned 51 hours of overtime pay just in time for Christmas. But, De La Torre said he "spent months preparing my mind and body" for the long workweeks. AdvertisementThe package handler said he's lost about 65 pounds since starting at the company four years ago. One UPS driver previously went viral online for his $2,400 paycheck, but he only worked 49 hours that week.

Persons: —, Adrian De La Torre, De La Torre, subreddit, he's, bro Organizations: Service, Business, De, BI, Teamsters, UPS Locations: Oregon

☆ Here’s how Reddit users can participate in the company’s IPO
▼ + stars: | 2024-02-26 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

The IPO direct share program will be open to adult US Reddit users with accounts created on or before January 1, 2024, who are not current or former Reddit employees. Reddit has not yet set the price at which shares will be listed in its IPO. Reddit is set to be the first major social media company to IPO in years. While somewhat unusual, offering users the opportunity to invest in its IPO makes sense for Reddit, a platform with a community of users famously — some might say infamously — interested in investing. “As with any investment opportunity, you should make an individual decision based on your own personal circumstances and risk tolerance,” Reddit said in an email inviting eligible users to participate in the IPO.

Persons: New York CNN —, ” Reddit, what’s, Reddit, they’ve Organizations: New, New York CNN, New York Stock Exchange, week’s Securities, Exchange Commission, GameStop, Wall Street Locations: New York

☆ Reddit aims to ride the AI wave by going public
▼ + stars: | 2024-02-23 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

The platform's listing, expected next month, would be the largest IPO by a social media company since Pinterest in 2019. That means some are wondering why Reddit has waited until now to make its move, but AI might have something to do with it. Reddit also listed data licensing and AI training as part of its income streams. "We are going public to advance our mission and become a stronger company," he said in a founder's letter included in the prospectus. AdvertisementRepresentatives for Reddit did not immediately respond to a request for comment from BI, made outside normal working hours.

Persons: Reddit, Sam Altman, Steve Huffman, Huffman, Fortune, Katie Notopoulos Organizations: New York Stock Exchange, Facebook, Twitter, Business, Securities and Exchange Commission, Google, University, Virginia, GameStop, AMC Locations: Reddit

☆ Meet the typical overemployed worker: A male millennial making six figures annually across multiple tech jobs — who's fighting burnout for the extra income
▼ + stars: | 2024-02-23 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Who are these overemployed workers? AdvertisementOveremployed workers tend to be male millennials in tech or IT jobsNearly all of the overemployed workers Business Insider has spoken with have been men. "In the IT world, we never really work a full 40 hours a week," a former overemployed worker previously told BI. The typical overemployed worker is making between $100,000 and $500,000 across up to four jobsFor most overemployed workers, job juggling isn't worth the stress unless they're very well compensated. One millennial earned over $500,000 across four non-simultaneous jobs, while another worker earned over $820,000 across three roles.

Persons: —, Louis Fed, Zers, Xers, Zer, Xer, overemployment Organizations: Service, Business, of Labor Statistics, WomenTech Network Locations: St

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