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Reddit - 1 — - 1 IPOs - 1 Klaviyo - 1 Steve Huffman - 1 Alexis Ohanian - 1 Aaron Swartz - 1 Condé Nast - 1
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☆ Reddit may be targeting a $5 billion valuation for its upcoming IPO
  + stars: | 2024-01-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +2 min
The success of the IPO is contingent in part on the state of the IPO market, which has struggled in recent years. When Reddit first began preparing to go public in late 2021 — a record-breaking year for venture capital — some thought the company could be valued as high as $15 billion in an IPO. Investors are hoping that 2024 will be a more active year for the IPO market. This year's IPO market may also be helped by the Fed's promised rate cuts and a weak M&A market. The last time a social media company went public was in 2019.
Persons: Reddit, —, IPOs, Klaviyo, Steve Huffman, Alexis Ohanian, Aaron Swartz, Condé Nast, Ohanian, Huffman Organizations: Service, Bloomberg, Business, Investors, University of Virginia
☆ Reddit cofounder says the US government is not equipped to regulate AI and must get 'up to speed quickly'
  + stars: | 2023-05-18 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +3 min
Reddit's cofounder Alexis Ohanian said the US government is not equipped to deal with AI. Vice President Kamala Harris recently invited tech leaders to the White House to discuss AI safety. Alexis Ohanian, a cofounder of Reddit alongside Steve Huffman and Aaron Swartz, spoke with CNN's Chris Wallace in an interview about AI. Wallace played a montage of clips showing senators interrogating tech leaders about the technology they develop with little information or education about how it works. He added: "I give credit to the White House for convening all of these AI leaders to get them in the loop.
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