Reddit

Reddit Answers: Know about AI-powered search that works across platform

Reddit Answers is capable of retrieving information not just from posts but also from comments and discussion threads across Reddit

Zepto's 2 am meetings? CEO mocks work-life balance amid Reddit claims

Zepto CEO Aadit Palicha mocks work-life balance amid viral Reddit claim of toxic culture, as he responds to backlash over 2 am meetings and long hours in the tech industry

Reddit's high-flying stock run faces AI-training data test in earnings

The stock is up 139 per cent since it began trading in March, the best performance among this year's IPOs to raise at least $310 million

Family offices in India rise from 45 to 300 in 6 yrs, handle $30 bn in AUM

Family offices in India manage an estimated $30 billion in assets under management (AUM), a small portion compared to the global AUM of family offices, which stands at around $6 trillion

Rs 10,100 premium tatkal ticket fee for B'luru-Kolkata train shocks public

The ticket normally priced at Rs 2,900 went up to more than Rs 10,000 after Indian Railways' new 'dynamic pricing system' was employed. User shared screenshots of the price breakup on Reddit

Reddit set to allow exclusive subreddits that are behind paywall: Report

Reddit might allow new kinds of subreddits which will require users to pay to access it. The company is also starting to use AI to generate summaries of content in search results

Reddit results not showing up in many search engines, except Google: Report

Many search engines are either not showing the full site result or showing old content from Reddit, which recently entered into a deal with Google for AI models being trained on its data

Reddit strikes deals with sports leagues to attract more ad revenue

Reddit, which was at the center of the 2021 meme-stock frenzy, had reported a 48% jump in its first-quarter revenue in May and said it could post an adjusted profit in the second quarter

After Google, OpenAI strikes deal with Reddit to train AI on its content

ChatGPT and other OpenAI products will use Reddit's application programming interface, the means by which Reddit distributes its content

China's fake-fashion retailers thrive on TikTok, Reddit and Discord

In a video posted to his TikTok channel and viewed by nearly 2 million people, King unwrapped £2,000 (​​$2,488) worth of seemingly high-end Nike shoes, new in their boxes

Reddit to make stock market debut today, prices IPO at $34/ share

Reddit and its eclectic bazaar of online communities is ready to plumb high-stakes territory the stock market. The company said on Wednesday that it had priced its IPO at USD 34 a share. Shares will begin trading today on the New York Stock Exchange under the ticker symbol RDDT in a market debut likely to spur a flurry of commentary on Reddit's own platform, as well as competing social media outlets. The IPO will test the quirky company's ability to overcome a nearly 20-year history coloured by uninterrupted losses, management turmoil and occasional user backlashes to build a sustainable business. The interest surrounding Reddit stems largely from a large audience that religiously visits the service to discuss a potpourri of subjects that range from silly memes to existential worries, as well as get recommendations from like-minded people. About 76 million users checked into one of Reddit's roughly 100,000 communities in December, according to the regulatory disclosures required .

Reddit launches long-awaited IPO, targets up to $6.4 billion valuation

The company, along with some of its existing investors, is targeting a sale of about 22 million shares, priced between $31 and $34 each, to raise up to $748 million

Reddit strikes $60mn deal allowing Google to train AI models on its posts

Reddit has struck a deal with Google that allows the search giant to use posts from the online discussion site for training its artificial intelligence models and to improve products such as online search. The arrangement, announced Thursday and valued at roughly $60 million, will also give Reddit access to Google AI models for improving its site search and other features. Separately, the San Francisco-based company announced plans for its initial public offering Wednesday. In documents filed with the Securities and Exchange Commission, Reddit said it reported net income of USD 18.5 million its first profit in two years in the October-December quarter on revenue of USD 249.8 million. The company said it aims to list its shares on the New York Stock Exchange under the ticker symbol RDDT. The Google deal is a big step for Reddit, which relies on sometimes contentious volunteer moderators to run its sprawling array of freewheeling topic-based discussions. Those moderators have public

Google signs content licensing deal with Reddit to train AI models: Report

Last year, Reddit said it would charge companies for access to its application programming interface (API) - the means by which it distributes its content

Reddit signs content licensing deal with AI company ahead of IPO: Report

The details of the AI deal could change as talks over the Reddit IPO launch, which could come in March, continue

Reddit may launch IPO in March, nearly 3 years since its initial filing

Delays in IPO launch may be due to unstable market conditions and Reddit's goal to 'come closer to profitability'

Reddit to launch IPO, first social media offering since Pinterest, in March

It would be first IPO of a major social media company since Pinterest's debut in 2019, and would come as Reddit and its peers face stiff competition for advertising dollars from likes of TikTok & FB

Threads to allow account deletion without wiping out linked Instagram ID

The lack of an account delete option on Threads without having to delete the Instagram account has drawn criticism from users since the launch of the social media platform

Hackers steal data, demands $4.5 mn from Reddit and tweaks in API policy

A ransomware gang has claimed responsibility for the cyberattack on Reddit in February and has demanded money and policy changes in exchange for 80GB data stolen from the server

Redditors get creative with their protest as company threatens action

Steve Hoffman, the CEO of Reddit stated that the API rule changes were a business decision and would not be revised or reversed despite ongoing protests