Reddit, which priced its IPO at $34 a share, debuted Thursday afternoon at $47 a share. At the close of trading, it was up 48% at $50.44, backing off a peak of $57.80.
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The country’s eSafety regulator announced Tuesday that it had issued legal notices to Google, Meta, X, WhatsApp, Telegram and Reddit requiring each company to report on steps they are taking to protect Australian users of their platforms from extremist material online.
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A New York state judge on Monday denied a motion to dismiss a lawsuit against several social media companies alleging the platforms contributed to the radicalization of a gunman who killed 10 people at a grocery store in Buffalo, New York in 2022, court documents show.
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Reddit is offering approximately 15.3 million shares, while the selling stockholders are offering about 6.7 million shares.
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Reddit this week announced that it will no longer allow Reddit users to opt out of ad personalization, which means that ads on the platform will be targeted based on site usage.
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Perhaps you’re not following every iteration of web 2.0 so the breadth of the dysfunction isn’t clear. Let’s recap the meltdown taking place in social media.
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Popular third-party Reddit app Apollo was updated today with an option for users to decline a refund for their remaining subscription time ahead of the app shutting down June 30. Users who do not exercise this option will automatically receive a pro-rated refund.
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WASHINGTON — Thousands of Reddit discussion forums have gone dark last week to protest a new policy that will charge some third-party apps to access data on the site, leading to worries about content moderation and accessibility. “Reddit is killing third-party applications (and itself),” multiple subreddits wrote in posts...
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More than 6,000 Reddit forums went dark last Monday in what was supposed to be a two-day protest over the company’s plan to begin charging steep fees for some third party apps to access its platform. A week later, more than 3,500 Reddit forums remain dark. Now comes a ransomware threat.
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