Serena Williams‘ kids are already thick as thieves!
23.02.2024 - 00:59 / deadline.com
Social media platform Reddit filed with the SEC today for an initial public offering, a move anticipated for years by the company, which was founded in 2005 by Steve Huffman, Alexis Ohanian and Aaron Swartz. It boasts 100k+ communities, or subreddits, including wallstreetbets, the home of meme stock traders who upended Wall Street in 2021, taking shares of GameStop and others to the moon.
The offering is expected in March, according to CNBC. The company, which runs on advertising, said it had revenue of $804 million in 2023 and 73 million average daily active uniques (267 million average weekly), and 1 billion cumulative posts.
“We are going public to advance our mission to become a stronger company, and provide meaningful benefits to our community. We plan to do this by keeping Reddit a real and authentic place,” the filing said.
In a letter attached, Huffman said, “The communities of Reddit help people at a scale that I never imagined might be possible,” calling it “a vibrant community, a constantly evolving place where anyone, anywhere, can connect with like-minded people and dive into any topic. The conversation ranges from the sublime to the ridiculous, the trivial to the existential, the comic to the serious.”
“Reddit is not a social media platform optimized for self-display; it is a community that rewards candor and honest advice.”
Besides providing cash, going public will help turn users into owners as the company said it is inviting users and moderators to buy shares in the IPO, alongside investors. The company will also reserve about 1% of its common stock to fund community-related programs.
Reddit noted plans to use artificial intelligence to improve its ad business. It’s also developing a data-licensing
Serena Williams‘ kids are already thick as thieves!
UPDATED with more details: Neve Campbell said Tuesday that she will return as Sidney Prescott for the next film in the Scream franchise.
Reddit is targeting a valuation of up to $6.4 billion as it gets for its initial public offering.
massive contract with Netflix, which he originally signed in 2014 for $250 million and renewed in 2020.Last year, three of Sandler’s movies had enormous success: “Murder Mystery 2” with Jennifer Aniston; “You’re So Not Invited to My Bat Mitzvah,” featuring his wife and two daughters; and the animated flick “Leo.”According to Forbes, Netflix users streamed over 500 million hours of Sandler content last year.When you’re the star and producer of the year’s most successful movie, you’re bound to see monetary success of your own. Margot Robbie not only landed herself at No.
Prince William is breaking his silence on the rumors about his wife, Catherine, Princess of Wales (aka Kate Middleton).
Meadow Walker was spotted getting close with a new guy amid her divorce proceedings.
The organizers of Canada’s well-regarded Just for Laughs festival, a major gathering in Montreal where a number of comics have been discovered, have canceled the 2024 edition and filed for bankruptcy.
Gary Goldsmith, a contestant on the latest instalment of ITV's Celebrity Big Brother, has defended his niece, the Princess of Wales, against accusations made by Prince Harry and Meghan Markle. He expressed his belief that they unfairly criticised her, and also dismissed claims made in the Dutch version of Omid Scobie's book Endgame that King Charles and the Princess of Wales questioned what skin colour Prince Archie might have.The 58 year old's comments came after a source told a newspaper that the CBB production team "love" Gary, who is the younger brother of Kate's mum, Carole Middleton, because he "won't hold back" when it comes to talking about about his royal connections.
Jenelle Evans is splitting from her husband David Eason.
Todd Spangler NY Digital Editor Will Shortz, the longtime crossword puzzle editor of the New York Times and NPR’s “puzzlemaster” for more than three decades, suffered a stroke last month and has spent the last several weeks rehabilitating. Shortz revealed the injury in a recorded message aired on on NPR’s “Weekend Edition Sunday” on March 5. He has been absent from the show in recent weeks, and at the end today’s puzzle segment, “Weekend Edition Sunday” host Ayesha Rascoe shared an audio clip from Shortz to let fans know the situation.
Former X Factor star Fleur East showed off her blossoming baby bump in style at the 2024 Brit Awards, as she prepares for the birth of her first baby this spring.The mum-to-be joined a bunch of other dazzling celebs on the red carpet who are coming together to celebrate this year's exciting ceremony. Fleur looked glowing in a brown catsuit with gold detailing, paired with a black frilly shawl wrapped around her arms.The radio presenter posed up a storm as she pulled a smile for the camera while sweetly cradling her growing baby bump.
Imax saw sales dip in the fourth quarter to $86 million from $98 million, in line with Wall Street forecasts, as the company focused on the full year and its accelerated global expansion. The stock in up in after-market trading.
Here we go again…
Princess Love and Ray J are calling it quits again.
Even though he won't be heading off to 'big school' until September 2026, all eyes are on where Prince George could go to continue with his education when he leaves Lambrook School. While many had previously imagined he would follow in his parents' footsteps and either go to Eton College or Marlborough College, it seems the Prince and Princess of Wales are taking a very measured approach when it comes to the all-important decision.
Jodie Turner-Smith is breaking her silence on her divorce from Joshua Jackson.
Wendy Williams’ niece made a heartbreaking confession about her aunt…
Could this be the end of the line for Jenelle Evans and David Eason?!
Porsha Williams is ending her marriage.
EXCLUSIVE: Bodhi Talent, the UK talent agency accused of sending clients fake auditions and paying actors late, has filed for closure.