Posted 2/23/2024, 12:09:00 PM
Reddit Files for IPO, Seeks to Go Public on NYSE Amid Controversies Over Monetization
- Reddit filed IPO paperwork with the SEC, plans to trade on NYSE under ticker RDDT
- IPO comes after recent controversial moves like charging for API access and selling user content access
- Had $804M revenue in 2023, up 20% year-over-year, but still operates at a loss
- Will offer preferential IPO access to some top Redditors based on karma
- Confirmed $203M deal to sell user content access to Google to train AI models