Reddit Co-Founder Alexis Ohanian Signs With UTA
Alexis Ohanian, the co-founder of Reddit and founder of the venture capital firm Seven Seven Six, has signed with UTA for representation in all areas, the agency said on Thursday. UTA will bolster...
View ArticleReddit to Raise Up to $700M at $10B-Plus Valuation
Social news aggregation and discussion website Reddit said Thursday that it plans to raise “up to $700 million in Series F funding, led by Fidelity Management and Research Company LLC and including...
View ArticleReddit Lays Groundwork for Public Offering With Confidential SEC Filing
Reddit has submitted a confidential registration statement with the SEC as the company prepares for a public offering in the new year. The company has not yet determined how many shares or the price...
View ArticleEntertainment “Memestocks” Will Be Tested in 2022
A weird thing happened to AMC Entertainment in January. The movie theater giant was reeling from the pandemic, facing a potential bankruptcy, and its stock was trading at $2 per share. And then it...
View ArticleWallStreetBets Trademark Fight Erupts Into Lawsuit Against Reddit
A Reddit community that gained widespread notoriety during the memestock craze of 2021 is at the center of a long-running trademark fight and a new lawsuit over the rights to the term WallStreetBets....
View ArticleWallStreetBets Trademark Fight Ends in Win for Reddit, With a Warning to...
A legal battle over ownership of WallStreetBets, known for igniting the memestock craze of 2021, presented the court with a question at the intersection of social media and intellectual property...
View ArticleOpenAI’s Sam Altman Revealed as One of Reddit’s Biggest Shareholders
The Reddit IPO appears set to move forward, with the tech platform filing its form S-1 with the Securities and Exchange Commission on Thursday. The form lists a variety of new details about the site,...
View ArticleReddit Says FTC Inquiring About Deals to License Data and Train AI Models
The tech platform Reddit says that the Federal Trade Commission is inquiring about its deals to license data to artificial intelligence companies seeking to train their models. The company disclosed...
View ArticleOpenAI Inks Data, Advertising Deal With Reddit
In a major licensing deal for the artificial intelligence firm OpenAI, the organization says that it has inked a multifaceted deal with the web platform Reddit. Reddit has said that licensing its data...
View ArticleAMC Theatres, GameStop Shares Pop After Meme Stock Investor “Roaring Kitty”...
Shares in AMC Theatres and GameStop popped early Monday after meme stock investor Roaring Kitty appeared to post a shot on X and Reddit showing a $116 million stake in the later. Stock in parent...
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