reddit Reddit Stock Surges 48% in Long-Awaited NYSE Debut Reddit officially goes public on the New York Stock Exchange under the ticker RDDT, seeing its stock jump nearly 50 percent on the first day of trading. The successful launch marks the first major social media IPO since Pinterest in 2019.
reddit Reddit Prices IPO at Top of Range Ahead of NYSE Debut Reddit prices its initial public offering at $34 per share, raising $519 million and valuing the social media company at $6.5 billion. The stock market debut marks the first major social media IPO since Pinterest in 2019.
tiktok House Passes Landmark Bill Forcing TikTok Sale or US Ban The House of Representatives passes a bill forcing TikTok's Chinese owner to sell the app within six months or face a nationwide ban. The legislation now moves to the Senate, where its future remains uncertain.
tiktok House Approves Potential TikTok Ban as Fight Moves to Senate The House of Representatives passes a bill requiring ByteDance to divest TikTok or face a U.S. ban, leaving the decision to a divided Senate.
reddit Reddit Files for Long-Awaited IPO, Testing Billion-Dollar Valuations Reddit officially files to go public, revealing over $800 million in 2023 revenue despite ongoing losses. The social media company plans a unique IPO that reserves shares for 75,000 of its most active users.
reddit Reddit Officially Files for Long-Awaited Initial Public Offering Reddit takes a major step toward going public by officially filing for an IPO after a two-year delay. The social media platform aims to capitalize on recent market improvements to launch its shares.
reddit Reddit Inks AI Content Licensing Deal Ahead of Highly Anticipated IPO Reddit signs a new licensing agreement to provide its vast collection of user-generated content to an artificial intelligence company. This strategic move comes as the social media platform prepares for its upcoming initial public offering.
taylor swift Taylor Swift Deepfake Scandal Exposes X's Broken Content Moderation The viral spread of explicit AI-generated images of Taylor Swift on X highlights the platform's inability to protect users from nonconsensual deepfakes. The incident reveals severe weaknesses in social media safety infrastructure that harm ordinary users without famous defenders.
x X Restores Taylor Swift Searches After Widespread Deepfake Crisis X temporarily blocks and then restores Taylor Swift searches as AI-generated deepfake images flood the platform. The scandal prompts a strong response from Swift's fans and renewed political push for deepfake legislation.
discord Discord Lays Off 170 Employees Amid Ongoing Profitability Struggles Discord cuts 17% of its workforce, or about 170 employees, as CEO Jason Citron admits the company grew too quickly and lost operational efficiency. The popular chat platform remains unprofitable despite its massive pandemic-era expansion.
xai XAI's Grok Chatbot Set to Launch for X Premium+ Users Elon Musk confirms that xAI's Grok chatbot will roll out to all X Premium+ subscribers next week. The integration aims to boost subscription sign-ups with a uniquely witty AI that taps into real-time platform data.
elon musk X Marks One Year Under Elon Musk's Everything App Vision Elon Musk's ambitious transformation of Twitter into the "everything app" known as X reaches its one-year anniversary. The rebrand brings significant changes to the platform's identity and future direction.
twitter Elon Musk Replaces Twitter's Iconic Bird Logo With X in Radical Rebrand Twitter owner Elon Musk officially replaces the platform's famous blue bird logo with an X as part of a massive corporate overhaul. The change comes as the social media company faces significant financial losses and declining ad revenue.
elon musk Elon Musk Replaces Twitter Bird Logo With X in Major Platform Rebrand Elon Musk officially replaces Twitter's iconic bird logo with an "X" as part of his plan to transform the social media platform into an "everything app."
meta Meta Opens LLaMA 2 AI to Public While Blocking Rivals Meta releases its LLaMA 2 artificial intelligence as open source, but hides a clause that blocks companies with over 700 million monthly active users from accessing the technology.