AI in Advertising

AI in Advertising: How AI regulation is shaping the future of advertising and its impact

Jarred Cinman

Subscribe & Follow

Advertise your job vacancies

Jobs

Video Editor for Social Media Content Cape Town
Social Media Manager and Strategist Cape Town
Junior Digital Art and Social Media Marketing Coordinator Johannesburg
Multi Media Journalist | South Coast Sun Durban
Recruitment Consultant Work From Home
Social Media Content Creator Paarl
Social Media Assistant Cape Town
Digital Content Producer - Social Media Engagement Johannesburg
Junior Account Manager Cape Town

More jobs Submit a job Open account

Reddit's shares make a strong NYSE debut

25 Mar 2024

Reddit's shares ended their first trading day in New York with a 48% increase. The San Francisco-headquartered company's stock wrapped up at $50.44 per share on Thursday following a day in which the company and several shareholders amassed $748m in an offering priced at the upper end of a marketed range.

Source: www.unsplash.com

Reddit is a social news aggregation, web content rating, and discussion website. Users can submit content such as text posts, links, images, and videos to "subreddits," which are individual communities focused on specific topics. Other users can then upvote or downvote these submissions, determining their visibility on the site.

The platforms known for its diverse range of topics, discussions, and communities, making it a popular platform for sharing news, opinions, and content across various interests.

The highly anticipated IPO had been in progress for over two years. Reddit initially filed for an IPO confidentially in December 2021 but postponed its plans due to stock market turbulence. Its current valuation marks a decline from 2021, when it reached a $10 billion valuation during a private funding round.

Reddit founder and CEO Steve Huffman has been criticised for paying himself $193m, while moderators on the platform remain unpaid.