Reddit backer funds weapons start-up focused on ‘budget missiles’ August 26, 2024 Start-up incubator Y Combinator, which has backed companies such as Airbnb, Reddit and Coinbase, has made its first ever investment in a weapons company, which plans to produce “budget missiles” for the US military. Ares Industries, which is based in California, aims to produce “smaller, less expensive cruise missiles” for the US Department of Defence [...]
Reddit finds the perfect non-league football club to sponsor August 8, 2024 The online forum’s football sub-section r/football will appear on the home and away shirts of the Worcesterstershire team.
Use of Tiktok and Reddit for financial advice soars among Gen Z and Millennial investors July 15, 2024 The use of Tiktok and Reddit for investment ideas from young investors has skyrocketed, as Gen Z and Millennials increasingly turn to social media for financial advice.
Gamestop shares soar pre-market after Roaring Kitty reveals $116m holding June 3, 2024 Gamestop shares have jumped in pre-market trading on Monday morning.
Gamestop shares rocket as meme stock rally engineer ‘Roaring Kitty’ returns May 13, 2024 Gamestop shares soared as high as 110 per cent on Monday after the engineer of the meme stock rally, "Roaring Kitty," returned.
Reddit targets £5bn valuation in US public float with users able to buy stock March 11, 2024 If successful, the IPO could see Reddit raising more than $500m, with a potential to reach up to $748m if it sells about 22m shares.
Reddit reveals quirky IPO plans to let users buy into stock February 23, 2024 Social media site Reddit filed for a hotly anticipated IPO on the New York Stock Exchange in March yesterday with plans for an unusual offering to allow its users buy into the stock on debut.
Reddit to pursue March IPO after three years mulling it – reports January 18, 2024 The IPO would be the first by a major social media company since Pinterest's launch back in 2019.
Something for the weekend: This week’s five most-read stories on Cityam.com February 3, 2023 A Reddit user called fatmummy, interest rates, vaccines, the ECB and an ignominiouss end to government-funded Tech Nation – here’s what City A.M. readers most wanted to click on this week. One: How a saucepan broke the internet. If lockdown had you baking and prepping then this story would have piqued your interest. Houseproud, or [...]
Reddit confidentially files for IPO at valuation of up to $15bn December 16, 2021 Online message board operator Reddit has confidentially applied to the US securities regulator to go public in an IPO that could see it valued at more than $15bn. It comes after initial reports in September that the community-driven platform was plotting a listing in the US, and was seeking a valuation of at least $15bn [...]