Redditors bank millions as a group on stock’s opening day
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.…
(RDDT) starts trading on NYSE
Reddit shares jumped as much as 70% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in…
DOJ sues Apple over iPhone monopoly in landmark antitrust case
The Department of Justice sued Apple on Thursday, saying its iPhone ecosystem is a monopoly that drove its “astronomical valuation” at the expense of consumers, developers and rival phone makers.…
Reddit prices IPO at $34 per share, valuing company at $6.5 billion
In this photo illustration a Reddit logo is seen displayed on a smartphone. Mateusz Slodkowski | Sopa Images | Lightrocket | Getty Images Reddit, the 19-year-old website that hosts millions…
Reddit power users balk at chance to participate in IPO as debut nears
Jonathan Raa | Nurphoto | Getty Images Sarah Gilbert spends a lot of time on Reddit. For the past three years, she’s helped moderate the r/AskHistorians subreddit, which has 2…
Intel awarded up to $8.5 billion from CHIPS Act, with loans available
U.S. President Joe Biden listens to Intel CEO Pat Gelsinger as he attends the groundbreaking of the new Intel semiconductor manufacturing facility in New Albany, Ohio, U.S., September 9, 2022.…
Nvidia announces GB200 Blackwell AI chip, launching later this year
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California. Justin Sullivan | Getty…
FTC investigating Reddit over AI data-licensing practices ahead of IPO
Mateusz Slodkowsk | Lightrocket | Getty Images Reddit said Friday that the Federal Trade Commission sent a letter to the company about its data-licensing business related to the training of…
Stripe reveals it passed $1 trillion in total payment volume in 2023
Fintech giant Stripe revealed in its annual letter published Wednesday that it surpassed $1 trillion in total payment volume in 2023, up 25% from 2022. The milestone, which comes 15…
Short sellers pull down U.S. companies to pay for coke
Palantir CEO Alex Karp skewered short sellers — investors who bet on the decline in a company’s stock price — in an interview with CNBC on Wednesday. “I love burning…