Reddit Prices Shares , at $34 in IPO.
Reddit will go public on March 21 and has priced
its IPO at $34 a share, Yahoo Finance reports.
That is about a $6.4 billion valuation.
A social media company hasn't gone
public since Pinterest in 2019.
Reddit gained increased recognition
amid the meme stock craze of 2021.
Reddit had 500 million site visitors in 2023.
Its revenue increased 20%
from 2022 to $804 million.
According to an S-1 filing, Reddit said that its "content is particularly important" for the world of artificial intelligence.
We are exploring business
opportunities in licensing data
for purposes including machine
learning, business analysis, display
and training generative AI models, Reddit, via S-1 filing.
1.76 million shares have been set aside for eligible Reddit users and moderators. .
Headline venture partner Kamran Ansar
said the decision lends itself to volatility. .
You may see a big run up in
the stock price and a drop, Headline venture partner Kamran Ansar, via statement.
Because this has such a rabid
community around it, the Reddit
users, you could see Reddit itself
ironically become a meme stock
the way that you saw happen
with like AMC and GameStop, Headline venture partner Kamran Ansar, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
'Kingdom of the Planet of the Apes' swings in theaters this weekend. We're breaking down how it's doing at the domestic box office so far. The 20th Century and Disney movie kicked off its run with a promising $6.6 million in previews, including a special fan event mid-week and regular Thursday evening previews. This number suggests the film should be able to achieve, if not exceed, the $50 million to $55 million opening predicted by tracking.
Credit: The Hollywood Reporter Duration: 01:09Published
Raven-Symoné is coming to her wife Miranda Maday's defense after she received death threats for saying she wasn't familiar with the former Disney star's work... TMZ.com
Disney has finally released the first trailer for 'Mufasa: The Lion King.' The film, directed by Barry Jenkins, serves as both an origin story and follow-up to Jon Favreau's 2019 movie 'The Lion King' which was based on the 1994 Disney animated classic of the same name. The new film will tell the backstory of Simba's father, Mufasa, an orphan who grew up to be a wise, powerful and compassionate ruler.
Credit: The Hollywood Reporter Duration: 01:31Published
2024 Rock & Roll Hall of Fame Inductees , Are Announced.
2024 Rock & Roll Hall of Fame Inductees , Are Announced.
This year's honorees are
Mary J. Blige, Cher, Dave Matthews Band.
This year's honorees are
Mary J. Blige, Cher, Dave Matthews Band.
This year's honorees are
Mary J. Blige, Cher, Dave Matthews Band.
Foreigner, Peter Frampton, Kool & The Gang.
Foreigner, Peter Frampton, Kool & The Gang.
Foreigner, Peter Frampton, Kool & The Gang.
Ozzy Osbourne and
A Tribe Called Quest, NPR reports. .
Ozzy Osbourne and
A Tribe Called Quest, NPR reports. .
John Sykes, chairman of the Rock & Roll
Hall of Fame Foundation, issued a
statement about this year's inductees.
Rock & Roll is an ever-evolving
amalgam of sounds that impacts
culture and moves generations, John Sykes, chairman of the Rock & Roll Hall of Fame Foundation, via NPR.
This diverse group of inductees
each broke down musical barriers
and influenced countless artists
that followed in their footsteps, John Sykes, chairman of the Rock & Roll Hall of Fame Foundation, via NPR.
Additionally, the Musical Influence Award will go to Alexis Korner, John Mayall and Big Mama Thornton.
Additionally, the Musical Influence Award will go to Alexis Korner, John Mayall and Big Mama Thornton.
Additionally, the Musical Influence Award will go to Alexis Korner, John Mayall and Big Mama Thornton.
The Musical Excellence Award will be given to
Jimmy Buffett, MC5, Dionne Warwick
and Norman Whitfield.
The Musical Excellence Award will be given to
Jimmy Buffett, MC5, Dionne Warwick
and Norman Whitfield.
The Musical Excellence Award will be given to
Jimmy Buffett, MC5, Dionne Warwick
and Norman Whitfield.
The Musical Excellence Award will be given to
Jimmy Buffett, MC5, Dionne Warwick
and Norman Whitfield.
The Ahmet Ertegun Award, which honors those
who don't perform music but have made an impact
in the industry, will go to Suzanne de Passe.
The induction ceremony will take place on Oct. 19 and will stream live on Disney+.
It will be available to view on Hulu the following
day and will also air on ABC at a later date.
It will be available to view on Hulu the following
day and will also air on ABC at a later date
Credit: Wibbitz Top Stories Duration: 01:30Published
Disney to Ban Visitors , Who Lie About Disabilities.
The Walt Disney Company says that there has
been an uptick in fraudulent disability claims at
its parks from people attempting to gain Disability Access Services (DAS), 'New York Post' reports. .
On April 15, the company said that anyone found to have lied about a disability to obtain these services will be banned from Disney parks permanently. .
If it is determined that any of the
statements a Guest made in the
process of obtaining DAS are not true,
the Guest will be permanently barred
from entering the Walt Disney World
Resort and the Disneyland Resort, The Walt Disney Company, via statement.
Any previously purchased Annual
Passes, Magic Key passes, tickets and
other park products and services...
will be forfeited and not refunded, The Walt Disney Company, via statement.
DAS allows people with disabilities
to skip waiting in lines.
The company's website previously indicated
that the service was for “guests who have
difficulty tolerating extended waits in a
conventional queue environment due to a disability.”.
The website has since been updated to read, , “DAS is intended to accommodate a small
percentage of Guests who, due to a developmental disability like autism or similar, are unable to wait in a conventional queue for an extended period or time.”.
At Walt Disney World, “in-person registration will no longer be available at theme park Guest Relations locations starting May 20, 2024,” Disney said.
Instead, DAS registrations will
take place via virtual video chat. .
However, at Disneyland, guests can
apply for DAS via either virtual chat or an
"accessibility services" window beginning June 18. .
Anyone who currently has DAS will be required to re-apply, 'New York Post' reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
Everyone loves a good legal drama, which is why 'NCIS' is leading the pack in TV ratings today. We're breaking down the top 5 broadcast numbers on THR Charts: The Breakdown for Tuesday, February 27th.
Credit: The Hollywood Reporter Duration: 00:55Published
'Griselda' dominates and the inspiring sports drama 'The Hill' wins big. We're looking at the most-streamed series and movies on THR Charts: The Breakdown for Thursday, February 22nd.
Credit: The Hollywood Reporter Duration: 01:05Published
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