0
0.0
Mar 21, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
e robinhood and reddit. the stock jumped as much as 124%, six month later, it was down 69% so there is a lot of potential animosity and volatility around new entrants depending how the market trades. when you look at these core users, it's going to be interesting and something to track in the coming days and weeks with options listed. we've seen users use call options to trade those squeezes and that will be something i have an eye on especially when we look at this being the most discussed ticker on pretty much every forum at least when it comes to investing in wall street. katie: i'm impressed. let's talk about the blueprints we have. this doesn't make reddit unique that they are letting their users participate but we have some notable examples over the past few years. other companies have done this. >> they are not the first company to do this. it's still not a normal thing. i bring up robinhood again and this is something they allowed for certain users. the ipo didn't go well and it's now trading down 60
e robinhood and reddit. the stock jumped as much as 124%, six month later, it was down 69% so there is a lot of potential animosity and volatility around new entrants depending how the market trades. when you look at these core users, it's going to be interesting and something to track in the coming days and weeks with options listed. we've seen users use call options to trade those squeezes and that will be something i have an eye on especially when we look at this being the most discussed...
0
0.0
Mar 22, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
ed: reddit. we are going to take a day-two look at reddit. on day one it was a 48% jump from the early four dollars ipo price. there is a lot to discuss if you zoom out about this week. we'll talk about sterile labs -- astera labs as well. in the conversation we had with jen wong, we know you have to go back in six months time and say, how did they do? the story continues to be elsewhere. apple, doj, antitrust lawsuit against them. in thursday's session it had a material impact on the stock. you can see we are sort of recovering in the session, but i still think it was notable that finally there was a headline about antitrust relating to apple and there was a clear stock reaction thursday. what happens next is the big question. it's bring in mark gurman, chief correspondent covering apple. what has changed in the last 24 hours? do we have any signals for how apple is going to respond? mark: reading to the lawsuit reveals a lot. the department of justice had been working on the case for so long that i would say about 60% to 70% of their major
ed: reddit. we are going to take a day-two look at reddit. on day one it was a 48% jump from the early four dollars ipo price. there is a lot to discuss if you zoom out about this week. we'll talk about sterile labs -- astera labs as well. in the conversation we had with jen wong, we know you have to go back in six months time and say, how did they do? the story continues to be elsewhere. apple, doj, antitrust lawsuit against them. in thursday's session it had a material impact on the stock....
0
0.0
Mar 21, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
this is meant to be a good thing for reddit shareholders. reddit users and also for reddit.aroline: katie roof has been across this ipo. we thank you for bringing it to us. there is a question, of course, future growth drivers. ed: that is the idea, sell the unique user data to the companies building large language models. bi has this large range, saying 30% of reddit users don't use other social media platforms. caroline: it is that focus on the desire to be engaging there and what it means to some of these large language models as well for a future direction of travel when it comes to diversification of revenue. we want to welcome reddit's listing day has arrived. that spring in chief operating officer jen wong. for more on the big day, live from the new york stock exchange. it is a day to remember. i'm interested as to how much you are excited about redditors having a part of the process or worried about the volatility to come. jen: thanks for having me today. it has been our dream to have our users and communities to be able to be shareholders in reddit. everything on re
this is meant to be a good thing for reddit shareholders. reddit users and also for reddit.aroline: katie roof has been across this ipo. we thank you for bringing it to us. there is a question, of course, future growth drivers. ed: that is the idea, sell the unique user data to the companies building large language models. bi has this large range, saying 30% of reddit users don't use other social media platforms. caroline: it is that focus on the desire to be engaging there and what it means to...
0
0.0
Mar 21, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
the federal trade commission in the us is looking into reddit.t will be resolved, that actually, more than regulators, it is also the users themselves that reddit is going to have to reckon with. it notes in the sec filing that it's use base is the biggest risk to the stock. social media platforms are only worth as much as people use them, if people were to leave because it has dramatically changed, that would be a problem. there is a mess favour is with reddit, it is very unlikely that people will go elsewhere, there simply are not very many useful alternatives.— simply are not very many useful alternatives. thank you, good to seak alternatives. thank you, good to s - eak to alternatives. thank you, good to speak to from — the price of gold has peaked above $2,200 dollars an ounce for the first time in its history. that is all for now. goodbye. this welcome from the bbc sport centre. hello from the bbc sport centre. lets start with tennis, and andy murray scribbled "there's life in the old dog yet" on the camera lens, after he came from a set do
the federal trade commission in the us is looking into reddit.t will be resolved, that actually, more than regulators, it is also the users themselves that reddit is going to have to reckon with. it notes in the sec filing that it's use base is the biggest risk to the stock. social media platforms are only worth as much as people use them, if people were to leave because it has dramatically changed, that would be a problem. there is a mess favour is with reddit, it is very unlikely that people...
0
0.0
Mar 21, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
and again, that's reddit. reddit is people.eddit is a fun and special but sometimes crazy place, and so i wouldn't expect anything less from our -- >> it doesn't upset you, though? wait a second, we're going public, you guys are a part of this, you've helped us in terms of our success, why aren't you more supportive? >> that's exactly, i think -- they've helped us get here. reddit is nothing without our users and communities. and i think that's the beautiful thing about reddit. they tell it like it is, but you have to remember, they're doing that on reddit, and it's a platform they love. it's their home on the internet. and look, i think it's such a privilege for i and the team to get to work on reddit, but they really are reddit. >> steve, one of the questions that's come up a lot is the company's been around for roughly 19 years and has not been managed to be profitable in any of those years. what will change or has changed if you haven't been able to figure out how to get to profitability over that period of time? >> that's
and again, that's reddit. reddit is people.eddit is a fun and special but sometimes crazy place, and so i wouldn't expect anything less from our -- >> it doesn't upset you, though? wait a second, we're going public, you guys are a part of this, you've helped us in terms of our success, why aren't you more supportive? >> that's exactly, i think -- they've helped us get here. reddit is nothing without our users and communities. and i think that's the beautiful thing about reddit. they...
0
0.0
Mar 21, 2024
03/24
by
KNTV
tv
eye 0
favorite 0
quote 0
reddit is people.is fun and special, but sometimes a crazy place. >> huffman who already gets paid more than mark zuckerberg does and is one of the main beneficiaries of the ipo and the other, the co-founder alexis ohanian. if you don't know alexis, you may be familiar with his wife, serena williams. the head of open ai will cash in thanks to early investments in reddit. he should come away with hundred of millions with the opening price of $34. a share. >> it is its main way of making money. it did make a deal with google to allow google to scrape the site in order to scrape google's ai, but that was a one-off deal. i'm not telling you to buy or not buy reddit's stock, that's not my job. i do encourage you to use it, it does cover everything imaginable, that thing you're interested in there is a sub reddit for you. >> noaa, the national oceanic and atmospheric administration, has the 2024 outlook for april, may and june. much of the u.s. may see above-average temperatures, however, as you may know we
reddit is people.is fun and special, but sometimes a crazy place. >> huffman who already gets paid more than mark zuckerberg does and is one of the main beneficiaries of the ipo and the other, the co-founder alexis ohanian. if you don't know alexis, you may be familiar with his wife, serena williams. the head of open ai will cash in thanks to early investments in reddit. he should come away with hundred of millions with the opening price of $34. a share. >> it is its main way of...
0
0.0
Mar 21, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
you imagine the reddit community would support reddit.s morning, the sentiment has shifted to people talking about going in. so we're going to see whether they go in and flip it or hold onto the stock. >> why do you think the reddit community is down on reddit? >> i think because of who they are. in other words, if they can't drive it in a pump and dutch th -- dutch thing, they're not quite as excited. there are some people i like to listen to, i listen to their analysis. they like this company. they think this has 2 x baked into it. at least in the near term. >> moving up from the initial price there, now first trade was at $47, now in the 50s. you mentioned a moment ago that you would like to see the participation of large institutional investors more than individual investors. explain that a little bit. >> well, they're the ones who will hold it. the retail investor go in and out, in and out. they try to clip their profits, they run their little schemes, et cetera. i would rather see this held. i think reddit is a long-term hold, as i
you imagine the reddit community would support reddit.s morning, the sentiment has shifted to people talking about going in. so we're going to see whether they go in and flip it or hold onto the stock. >> why do you think the reddit community is down on reddit? >> i think because of who they are. in other words, if they can't drive it in a pump and dutch th -- dutch thing, they're not quite as excited. there are some people i like to listen to, i listen to their analysis. they like...
0
0.0
Mar 20, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
reddit, it's been 827 days since reddit announced it had submitted its paperwork to go public.arly here. they are expected to price the ipo after the close today with a trading day tomorrow. it sounds like discussions are leaning toward $34 per share, but there are still four hours to go before that final decision call where the bankers, the advisers, the company all gets together and decides a final price for this ipo. reddit has been marketing a price point between $31 and $34 a share, which has a valuation of $6.4 billion. reddit calls itself a global digital city, where 73.1 million daily active users collaborate through different communities with common interests. the headlines, just while the company was on its road show over the last week and a half, encompass a letter from nokia, noting infringement on patents, and in talking with investors, some were surprised that reddit, despite being a two decade old company was not profitable and the pursuit of profitability upset users last year, leading to a short bloackout in the summer of 2023. the s&p is near record highs, wit
reddit, it's been 827 days since reddit announced it had submitted its paperwork to go public.arly here. they are expected to price the ipo after the close today with a trading day tomorrow. it sounds like discussions are leaning toward $34 per share, but there are still four hours to go before that final decision call where the bankers, the advisers, the company all gets together and decides a final price for this ipo. reddit has been marketing a price point between $31 and $34 a share, which...
0
0.0
Mar 21, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
begin, however, with reddit. exciting day for that company marking the first social media ipo since all of way back in 2019. five years ago. shares opening at $47 apiece. beyond social media a lot of discussion around its role in the a.i. area. listen to what the ceo had to say about that. >> the value of our data is growing. in a world where more and more content on the internet is created by artificial intelligence. the premium on actual intelligence, what reddit is, continues to grow. >> here to discuss, our own deidre bosa along with deepwater asset management's doug clinton, and good to have you. deidre, turn it over to you to ask the first questions here. >> okay. i guess, doug, ask you a question. what do you make of this reddit pop? of course still early. has to settle. 50%, pretty good. not as good as yesterday's ipo. 70% pop. do you think that reddit is more a.i.-adjacent, or kind of like an a.i. company trying to present itself throughout the road show and in the s1? >> deeds idre, tells us ipo win for
begin, however, with reddit. exciting day for that company marking the first social media ipo since all of way back in 2019. five years ago. shares opening at $47 apiece. beyond social media a lot of discussion around its role in the a.i. area. listen to what the ceo had to say about that. >> the value of our data is growing. in a world where more and more content on the internet is created by artificial intelligence. the premium on actual intelligence, what reddit is, continues to grow....
0
0.0
Mar 22, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
what are the challenges for reddit?this company has yet to turn an annual profit last year, it recorded a loss of $90 million, but the ceo at reddit told us in the back half of the year, they showed profitability. he's outlining a plan to use ai to make their ads better targeted, more efficient for their ad buyers, and also to license their data to the likes of google to generate new licensing revenue, to train the google ai systems. so one big question here in terms of challenges is what the ftc does. they're investigating reddit's data licensing practices. reddit says this isn't a problem, but analysts are watching this as a key area. they need to make sure that they really can indeed continue to license this data in order to create this new revenue. >> is the path to profitability really goes through the advertising business, right? it's an -- >> 95% of the revenue is from advertising, and they're competing when it comes to advertising with the likes of snap and pinterest and with meta. meta is so much larger. meta a
what are the challenges for reddit?this company has yet to turn an annual profit last year, it recorded a loss of $90 million, but the ceo at reddit told us in the back half of the year, they showed profitability. he's outlining a plan to use ai to make their ads better targeted, more efficient for their ad buyers, and also to license their data to the likes of google to generate new licensing revenue, to train the google ai systems. so one big question here in terms of challenges is what the...
0
0.0
Mar 22, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
reddit is actually doing well compared to that.ie: it will be interesting to see how the next weekend the weeks after that go. it feels in some ways we are back to 2021. with the big pop we saw yesterday, the reddit valuation is very close to that $10 billion valuation they had about three years ago. >> it definitely chose the right time to go public. for the market in general, i wouldn't say it's back to 2021 given that the ipo market was red-hot then with $330 billion raised and we've only got $9 billion of ipo's raised this year. the sentiment is much better with reddit still holding well above its $34 ipo offer price. i think the sentiment is for people to be more optimistic especially issuers lining up to go public in the second quarter or later on this year. we have to be reminded there is an election coming in the second half of this year and there will be volatility in the market. katie: absolutely, it's hard to forget that i know you had a busy week and we appreciate your reporting. still with us, the head of u.s. equity a
reddit is actually doing well compared to that.ie: it will be interesting to see how the next weekend the weeks after that go. it feels in some ways we are back to 2021. with the big pop we saw yesterday, the reddit valuation is very close to that $10 billion valuation they had about three years ago. >> it definitely chose the right time to go public. for the market in general, i wouldn't say it's back to 2021 given that the ipo market was red-hot then with $330 billion raised and we've...
0
0.0
Mar 22, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
can reddit capture it? >> it is tough. there are sub redditers that make sense.ked at a reddit about loading the dishwasher. there were some talking out against it. how much does that scale? that is the question. there are areas of movie premieres that make sense. you have fandoms and that is an area that makes sense. at scale, we have not seen advertisers jump ships from twitter to other platforms that are edgier and riskier like reddit. >> to put it in context, reddit gets 1% of the global digital ad spend. a small portion compared to the giants. i think the last questionhas a . is the community a factor when you are looking at the stock? do you think the retail traders who did the reddit revolution a few years ago, do you think they can help power the stock higher? >> they can, but they can also take it the other way. i think wall street bets mentioned it in the report. it is a blessing and purse. curse. i think the community drives them. they say they are a community company. that is true. the reality is we have no idea how the public market values a communit
can reddit capture it? >> it is tough. there are sub redditers that make sense.ked at a reddit about loading the dishwasher. there were some talking out against it. how much does that scale? that is the question. there are areas of movie premieres that make sense. you have fandoms and that is an area that makes sense. at scale, we have not seen advertisers jump ships from twitter to other platforms that are edgier and riskier like reddit. >> to put it in context, reddit gets 1% of...
0
0.0
Mar 21, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
if you are not familiar with reddit, it hosts niche discussion groups, subreddits — around 100,000 ofom politics to pets, investing and hobbies. in the words of co—founder and boss steve huffman, reddit topics range from "the sublime to the ridiculous, the trivial to the existential." around 73 million people use it every day. so what's it worth? reddit has priced its shares at $34 dollars, giving it a stock market value of £61; billion at the start of trading. that could, of course, go up or down once shares start trading, but it is well below the $10 billion valuation given to reddit by investors back in 2021. and to put that in perspective, social media giant meta — which owns facebook, instagram and whatsapp — was worth $1.2 trillion at the market close on wednesday. michelle is in new york. it's fascinating that this website that's just a lot of people talking about a lot of stuff to be worth so much money. lot of stuff to be worth so much mone . ., ~' lot of stuff to be worth so much mone . . ~ , , money. yeah, i think this is the first of the _ money. yeah, i think this is the
if you are not familiar with reddit, it hosts niche discussion groups, subreddits — around 100,000 ofom politics to pets, investing and hobbies. in the words of co—founder and boss steve huffman, reddit topics range from "the sublime to the ridiculous, the trivial to the existential." around 73 million people use it every day. so what's it worth? reddit has priced its shares at $34 dollars, giving it a stock market value of £61; billion at the start of trading. that could, of...
0
0.0
Mar 11, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
reddit is almost like a starter gun.ber in september and we had the arm ipo, like a starting gun for other names that we had. there are other names waiting in the wing that will look at this reddit ipo and say, good timing, let's go with it. we talked about how they miss the boat in 2021 when reddit filed confidentially, so there is always investor appetite and enthusiasm. take that 8% of shares going to redditers. there is no lockup on those. they console on the day. it is interesting because you put more emphasis on what is happening in the moment. everyone will say i'm a long-term shareholder, but actually i'm interested to see what day one trading looks like, what the sentiment is. there is a lot of doubt about its ability to grow and become profitable irrespective of what it does for confidence and sentiment for a u.s. technology ipo window the first half of the year. annmarie: looking at tiktok, the house looking to pass legislation. when are you looking at in the tech world in san francisco? ed: i'm looking at who
reddit is almost like a starter gun.ber in september and we had the arm ipo, like a starting gun for other names that we had. there are other names waiting in the wing that will look at this reddit ipo and say, good timing, let's go with it. we talked about how they miss the boat in 2021 when reddit filed confidentially, so there is always investor appetite and enthusiasm. take that 8% of shares going to redditers. there is no lockup on those. they console on the day. it is interesting because...
0
0.0
Mar 21, 2024
03/24
by
KNTV
tv
eye 0
favorite 0
quote 0
reddit, it debuts on the nasdaq pricing at $34 a share.e than $500 million for the company and puts the company's overall value at more than 6 billion, and it's the first ipo of a social company since 2019. reddit is like an old-fashioned bulletin board with all kinds of topics. i would encourage you to try the site if you haven't. we will talk more about the reddit debut at the bottom of the hour. >>> the bay area's brain chip implant. >> it just became intuitive for me to start imagining the cursor moving, and basically it was like using the force, and i could get it to move wherever i wanted, just stair somewhere on the screen and it would move where i wanted to, which was such a wild experience. >> you feel like a wizard. >> yeah, right? >> a swiss company was able to help a paralyzed man walk just through thought. >>> a lot of business coming out of the white house this morning. the biden administration will announce new student loan relief today for public service workers, about 74,000 californians qualify according to the figures. t
reddit, it debuts on the nasdaq pricing at $34 a share.e than $500 million for the company and puts the company's overall value at more than 6 billion, and it's the first ipo of a social company since 2019. reddit is like an old-fashioned bulletin board with all kinds of topics. i would encourage you to try the site if you haven't. we will talk more about the reddit debut at the bottom of the hour. >>> the bay area's brain chip implant. >> it just became intuitive for me to start...
0
0.0
Mar 21, 2024
03/24
by
KNTV
tv
eye 0
favorite 0
quote 0
reddit is going public.s is live where the social media network is set to start beginning its stock today. scott mcgrew will break down everything you need to know about reddit's debut. >>> it makes you think about how common that could be in other places, and it will make me think twice about using a public restroom. >> a shocking discovery found in a coffee shop in the bay area, a small camera found in the bathroom, and the growing fears the same thing may be happening in other locations. >>> and then an update on one crash. this is "today in the bay." thank you for starting your morning with us. i am laura garcia. >>> i am marcus washington. are you wondering what it will feel like outside today? wait no longer. meteorologist, kari hall, is watching that for us. >> we have one more day to take it in with sunshine and mild temperatures. we're even starting out a little warmer. right now we are in the mid-50s in san francisco. it's 50 in san josÉ with a clear sky. gilroy, we are starting out with sunshine b
reddit is going public.s is live where the social media network is set to start beginning its stock today. scott mcgrew will break down everything you need to know about reddit's debut. >>> it makes you think about how common that could be in other places, and it will make me think twice about using a public restroom. >> a shocking discovery found in a coffee shop in the bay area, a small camera found in the bathroom, and the growing fears the same thing may be happening in other...
0
0.0
Mar 20, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
unless they are one of the top reddit users which reddit allowed to participate in the actual ipo, theye not even have the opportunity to shorten it yet until it begins trading -- short it yet until it begins trading. annabelle: i was asking about the concerns of the lack of profitability at competitive concerns. talk us through those? katie: yes, i think if you care about profitability, reddit is not the best one. they have been around for 19 years and it is a struggle for them to turn a profit. there are a lot of people that are skeptical about reddit. even if you look at snapchat as a comp, their ad revenue has not given them that great of a multiple. it is hard to say, what will happen right now, it has been a really difficult couple of years for ipos, reddit said in 2021 they were going to ipo, they were on file and they have been waiting. maybe it is still not the perfect moment. at the end of the day they have shareholders and employees and investors. the need to provide liquidity for the shareholders so they decided now is the time. haidi: some of those shareholders are users, 8
unless they are one of the top reddit users which reddit allowed to participate in the actual ipo, theye not even have the opportunity to shorten it yet until it begins trading -- short it yet until it begins trading. annabelle: i was asking about the concerns of the lack of profitability at competitive concerns. talk us through those? katie: yes, i think if you care about profitability, reddit is not the best one. they have been around for 19 years and it is a struggle for them to turn a...
0
0.0
Mar 22, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
reddit says it is a huge growth opportunity.h says the ftc inquiry is a 5% overhang on the $54 price target for the shares. second up, stiff competition with pinterest and snap and particularly with meta. 50 times the revenue of reddit last year and massively profitable while reddit lost $90 million. in the fourth quarter, the growth rate was the same despite the size. then the third usuaissue is if redditers turn against the stock? many are advocating for shorting reddit stock. and fourth, reddit sees an opportunity with subscription in the user economy, but it may take a while. wall street estimating a $24 billion market by 2027. >> i think you said it might be a hot ipo market. not necessarily reddit. >> this company has been around 19 years. they only started to monetize it in the past three-to-five years. the question is whether the advertisers which are thrilled to have another option. google and meta on a duopoly. >> you have the meme guys to buy this? >> they did offer 8% of shares to their active redditers and users. i
reddit says it is a huge growth opportunity.h says the ftc inquiry is a 5% overhang on the $54 price target for the shares. second up, stiff competition with pinterest and snap and particularly with meta. 50 times the revenue of reddit last year and massively profitable while reddit lost $90 million. in the fourth quarter, the growth rate was the same despite the size. then the third usuaissue is if redditers turn against the stock? many are advocating for shorting reddit stock. and fourth,...
0
0.0
Mar 21, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
meanwhile, make room for reddit. the 19-year-old web site that that hosts millions of online forums will begin trading this morning. it's the very first social period e ya company to ipo since 2019, almost 5 years ago. the ipo priced at $34 a share and, of course, we'll be watching reddit as it makes its public day i buy. on the border front, a new report says more than 200,000 migrant deportation cases being tossed out since president biden took office it's all because homeland security failed to file if the proper paperwork on time. you can't make it up. meanwhile on capitol hill, al act tez the claims -- al -- al alexandria ocasio-cortez the claims rio, not a crime. this happened --ly coe. as always, we've got a packed show for you. congressman cory mills, brandon judd, clay travis, ricky. >> lot plus many, many more. it is thursday, march 21st, 2024. "varney & company" about to begin. ♪ ♪ ♪ ashley: it's going to be a good day. yes, it is, indeed. you look down sixth avenue towards central park in midtown the manh
meanwhile, make room for reddit. the 19-year-old web site that that hosts millions of online forums will begin trading this morning. it's the very first social period e ya company to ipo since 2019, almost 5 years ago. the ipo priced at $34 a share and, of course, we'll be watching reddit as it makes its public day i buy. on the border front, a new report says more than 200,000 migrant deportation cases being tossed out since president biden took office it's all because homeland security failed...
0
0.0
Mar 21, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
use reddit. behavior is unique. they only had -- they already have a deal with google. how much data are you going to sell? who are you going to sell it to? they only started making meaningful revenue gains on the advertisement business. i think a lot of the hype is on that potential. katie: stay with bloomberg as we follow all the latest developments on the ipo. jennifer yen wong will join bloomberg technology next hour at 11:30 a.m. eastern. amy silverman is over at the capital markets. i want to talk about kim kardashian and paris hilton. paris hilton was the hot topic in the early to's and kim kardashian was her friend. you mentioned nvidia is this market's paris hilton. >> you have to write what you know, so if you are my age, you remember when paris hilton was the og and to me, that is nvidia. the question investors are asking is, who are the paris hilton adjacent names that become the kim kardashian's of the future? you see that in the skewed demand where the demand outweighs. in some ways
use reddit. behavior is unique. they only had -- they already have a deal with google. how much data are you going to sell? who are you going to sell it to? they only started making meaningful revenue gains on the advertisement business. i think a lot of the hype is on that potential. katie: stay with bloomberg as we follow all the latest developments on the ipo. jennifer yen wong will join bloomberg technology next hour at 11:30 a.m. eastern. amy silverman is over at the capital markets. i...
0
0.0
Mar 21, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
reddit is a different ipo today. i don't see, despite the fact it is priced high at $34, i don't see that matching. it is comparing apples to potatoes. it is another social media platform. anything a.i. is gobbled up by investors. >> gunjan, a lot of people see reddit as an a.i. play because of the data you get from reddit from large language models. >> i hope i'm wrong. sorry, gunjan. >> i'm hearing animal spirits are back in a big way. that pop in astera yesterday reminded me of 2021 where the fervor was sweeping through the markets. reddit priced at the high end of the range. it will be interesting to see how it trades today. these animal spirits, with not just the ipo market, but bond market, too. companies rushing to issue debt. investors are eating it up. there is a lot of money to put to work. we are seeing that in the ipo market and bond market. >> jeff, back to you. let's talk about lululemon. earnings coming up later today. what is your view on lululemon and retail? >> lululemon had a tremendous year. you h
reddit is a different ipo today. i don't see, despite the fact it is priced high at $34, i don't see that matching. it is comparing apples to potatoes. it is another social media platform. anything a.i. is gobbled up by investors. >> gunjan, a lot of people see reddit as an a.i. play because of the data you get from reddit from large language models. >> i hope i'm wrong. sorry, gunjan. >> i'm hearing animal spirits are back in a big way. that pop in astera yesterday reminded...
0
0.0
Mar 21, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
and we have an early reddit user, charles bayer, who declined reddit's offer to buy shares. charles, there has been concern that the stock could lose steam shortly after its opening trade because many of the users, retail investors, said they plan to short the stock. clearly, that is not happening yet at least. any regets? -- regrets? >> no regrets. you know, again, i think reddit's a great platform. i have no issues with the company. i believe that from a revenue perspective they're doing well. they're moving up year every year. upontyization wise they have -- monetization wise they have a lot of opportunity to bump up their earnings. so i don't have any issue with the company. my issue is more risk management and just, you know, or you know that, you know, or the ipo launch is going to be a little hectic which you're seeing today, obviously. but the real question is, you know, if you're looking to be a long-term investor, i would hold the stock for a long time out into the future, you know? you may want to wait for the volatility to kind of calm down because what you do se
and we have an early reddit user, charles bayer, who declined reddit's offer to buy shares. charles, there has been concern that the stock could lose steam shortly after its opening trade because many of the users, retail investors, said they plan to short the stock. clearly, that is not happening yet at least. any regets? -- regrets? >> no regrets. you know, again, i think reddit's a great platform. i have no issues with the company. i believe that from a revenue perspective they're...
0
0.0
Mar 22, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
on the reddit threads, there was a stated intention to go shorter. there's been a lot of talk of -- amy: there's been a lot of talk of short positions. typically they're not out in the first two days or so, but the stock exchange has been working to speed up the process. we can expect more volatility next week, going over. vonnie: how do we know how to value a company like this? there's one analyst listed, but no rating. amy: analysts have done the work , but haven't come out with reports, guiding towards 20% growth, which the company reported last year in terms of revenue. going forward midterm into long-term, it will be 30% to 40%. reddit has been relying on advertising for the past 18 years or so and it's only at the beginning of this year that they started to have ai licensing deals, capturing revenue from that. going forward, it's going to be diversified it terms of revenue. vonnie: from yesterday's reporting in the afternoon, do we know the percentage or the amount of spending there was, how much of it was supported by underwriters? amy: well,
on the reddit threads, there was a stated intention to go shorter. there's been a lot of talk of -- amy: there's been a lot of talk of short positions. typically they're not out in the first two days or so, but the stock exchange has been working to speed up the process. we can expect more volatility next week, going over. vonnie: how do we know how to value a company like this? there's one analyst listed, but no rating. amy: analysts have done the work , but haven't come out with reports,...
0
0.0
Mar 21, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
redditers are very loyal. backlash and revolts, think of the wall street bets folks. you want investors to buy and hold the stock in the situation. we could see volatility. that didn't work well for robinhood. reddit is different from most tech companies looking to ipo. it is not new. it is 19 years old. it is still yet to turn a profit, lost over $90 million last year there's a lot of questions on whether it's worth the risk. >> there's an excitement and enthusiasm, people love ipos, getting in on things early but from a revenue and monetization standpoint, reddit looks like twitter or x to me than it looks like the next meta. >> reporter: the platform has signaled there's a growth opportunity in data licensing, that would be training your chatgpts, large language models on that content. there's uncertainty around regulation as well as content moderation. as we've seen, what content you train your a.i. on, needs to be accurate. so there's a lot of ex youtube excitement from invest hers. today we get a sense i
redditers are very loyal. backlash and revolts, think of the wall street bets folks. you want investors to buy and hold the stock in the situation. we could see volatility. that didn't work well for robinhood. reddit is different from most tech companies looking to ipo. it is not new. it is 19 years old. it is still yet to turn a profit, lost over $90 million last year there's a lot of questions on whether it's worth the risk. >> there's an excitement and enthusiasm, people love ipos,...
0
0.0
Mar 14, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
remember that reddit is about 20 years old.ne of the oldest unicorns around, so it will test appetite for some of those other companies that haven't yet had their moment to go public but may be looking to it. >> in a nutshell, how does reddit make money, number one, and if the debut goes well, which other companies could we see go public from the world you follow? >> reporter: so we've talked about this in the past in terms of let me answer your second question first. in terms of which companies we're going to see, probably around this level. not huge ipos that are household names or more of household names like a bytedance but some of the smaller guys like a skims or a fintech company, arturo, shein. these are the companies in particular that we'll be watching closely to see not just how reddit debuts but trades in the weeks and months after. how does reddit make money? primarily through advertising. it ishard for social media companies if you're not meta. reddit is testing new streams like licensing its data in the age of a.i
remember that reddit is about 20 years old.ne of the oldest unicorns around, so it will test appetite for some of those other companies that haven't yet had their moment to go public but may be looking to it. >> in a nutshell, how does reddit make money, number one, and if the debut goes well, which other companies could we see go public from the world you follow? >> reporter: so we've talked about this in the past in terms of let me answer your second question first. in terms of...
0
0.0
Mar 12, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
they give them economic incentive to say positive things about reddit.ill hopefully be ipo shareowners motivated to speak well of reddit. i think it is smart, but there is a risk that the reddit backlash from people that don't own shares or people that shirk the opportunity to own shares because they want to remain in bohemia community. there is part of that risk but i think it is part of what reddit is doing. ed: they were flexing on the timing of all this. i remember in 2021 when they confidentially filed. 2021 was the better year for the u.s. ipo market. how do you frame the timing of whether they missed the boat or actually were right to wait until this point? greg: lesson, it would have been great if they could have gone out in 2019 or 2020 and had a few years of the zero interest rate environment we had. sort of, to sure off their aftermarket performance. i think going public at the end of 2021 was a big mistake. i think their valuation would have been hammered. they would have lost the affect of being a new public company. they were clearly way be
they give them economic incentive to say positive things about reddit.ill hopefully be ipo shareowners motivated to speak well of reddit. i think it is smart, but there is a risk that the reddit backlash from people that don't own shares or people that shirk the opportunity to own shares because they want to remain in bohemia community. there is part of that risk but i think it is part of what reddit is doing. ed: they were flexing on the timing of all this. i remember in 2021 when they...
0
0.0
Mar 11, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
stock and the fact that reddit plans on offering a portion of shares to the most active reddit userswith game stop. we will have to see how these creditors influence the price of the stock. >> you feel like this is a true part find of the ipo market or is this just another one of those idiosyncratic stories that will just do its own thing and it's not really going to tell us anything about the bigger picture? >> you know, look. we've not seen a lot of ipos since we reached the peak of over 1000 companies going public a few years ago. we are at 30 to 35 ipos so far this year. like i said, this ipo from reddit would be the first kind of recognizable name for consumers that, you know, follows companies in the social space pinterest. i don't know if we should say that this ipo is successful, that it will completely unfollow the market. however, i do think we should watch this very closely because it could, if it stumbles, if reddit stumbles, it's not good news for the market. i think what we are looking for is reddit to set the stage for more ipos, like the names that everyone is waiting
stock and the fact that reddit plans on offering a portion of shares to the most active reddit userswith game stop. we will have to see how these creditors influence the price of the stock. >> you feel like this is a true part find of the ipo market or is this just another one of those idiosyncratic stories that will just do its own thing and it's not really going to tell us anything about the bigger picture? >> you know, look. we've not seen a lot of ipos since we reached the peak...
0
0.0
Mar 22, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
i have nothing against reddit. i wish them well.he fact of the matter is, there is nothing new about it. it is not nvidia. it is not exciting that we haven't seen 25 years ago. that's fixed. hate to say i was right. trading at 60.5 at the moment. i don't know if that withan errn our part. >> it was a human. >> you have been around 19 years, mate. i love the way the cnbc interview with the ceo and you met the ceo. he said we like the fact that the reddit share roholders are investors. do they have a different issue for working at a company? >> they go down by more and go to the reddit community and tell everyone to buy it and they buy more and you have a meme stock and the hedge funds are wiped out. >> i'm not againstanyone making money as long as it is legal. it is not as exciting as the amazing tech ipo. >> it is early innings. it has not been a great window for the last 12 months for the ipos. >>> let's move on to the big telco players. vodafone will have a regulatory commission look into the merger unless the concerns are rehe so
i have nothing against reddit. i wish them well.he fact of the matter is, there is nothing new about it. it is not nvidia. it is not exciting that we haven't seen 25 years ago. that's fixed. hate to say i was right. trading at 60.5 at the moment. i don't know if that withan errn our part. >> it was a human. >> you have been around 19 years, mate. i love the way the cnbc interview with the ceo and you met the ceo. he said we like the fact that the reddit share roholders are...
0
0.0
Mar 22, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
tell me a little bit about reddit and l little bit about reddit and their appearance on the stock marketit hard to get monetised because multiple, millions and millions of conversations had on that site every day. it's gone to market and part of the reason why you see this huge surge is because of it being on an ai bandwagon and that's because the founder of open ai is a big voting member in the company. he has about 9.2% share of the votes, imagine investor and is and that this deep well of information and conversations on reddit could be many —— monetised in this revolution as training sets for these ai models. that's partly why you see so much excitement and the expectation is there is a brighter future ahead for reddit despite some governance issues concerning the fact that new shareholders will not get so much of a say in the future direction of the company because of the way that company is structured.— is structured. thank you very much indeed, thank you. - let's stay in the us, because former us president donald trump — who of course is hoping to get thejob back later this year —
tell me a little bit about reddit and l little bit about reddit and their appearance on the stock marketit hard to get monetised because multiple, millions and millions of conversations had on that site every day. it's gone to market and part of the reason why you see this huge surge is because of it being on an ai bandwagon and that's because the founder of open ai is a big voting member in the company. he has about 9.2% share of the votes, imagine investor and is and that this deep well of...
0
0.0
Mar 11, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
but let's get back to reddit because reddit and its investors looking to raise as much as $748 millionone of the biggest ipo's so far this year. ed ludlow joins us from san francisco with the latest. $31-$34 per share, where would that put us? >> the upper end of the range, it is a valuation of five point $4 billion. but if you take a look at the diluted valuation which would include restricted stock units, options awarded staff, it is nearer to $6.4 billion. either way, it is a significant ipo in the technology sector for this year and it has been a wild ride. they filed confidentially in 2021 which was a record year for u.s. ipos and they have seen their valuation swing significantly since. they kind of missed the boat, so now everyone is having a sigh of relief, finally the reddit ipo is here. is it a signal for more to, or are we kind of more focused on reddit, its issues, its growth and its outlook? >> that remains to be seen but like you say, a long and wild ride. tell us a little bit about the plan to allocate several million shares to their users, actually, how is that being se
but let's get back to reddit because reddit and its investors looking to raise as much as $748 millionone of the biggest ipo's so far this year. ed ludlow joins us from san francisco with the latest. $31-$34 per share, where would that put us? >> the upper end of the range, it is a valuation of five point $4 billion. but if you take a look at the diluted valuation which would include restricted stock units, options awarded staff, it is nearer to $6.4 billion. either way, it is a...
0
0.0
Mar 4, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
let's get back to the reddit ipo. company seeking a $6.5 billion valuation, according to bloomberg sources. we are jumping around here a little bit. the last private round, $10 billion, then the ipo may target $5 billion. we are up to $6.5 billion. what do we know? >> it can be hard to guess exactly where the market will be when reddit debuts, likely later this month. they were valued at around $10 billion in 2021, but that was also the peak of the private tech market, so many companies are expecting they will be valued less when they go public. we heard early talks had them valued around $5 billion but now it is looking like ahead of the roadshow, bankers think they can get $6.5 billion for it. some of these things raise or even lower during the roadshow depending on how demand looks from institutional investors. caroline: is it institutional investors will be the mainstay for reddit? a lot of this will be trading on the exuberance from retail. it is a key retail name in so many ways. >> i am sure reddit would love t
let's get back to the reddit ipo. company seeking a $6.5 billion valuation, according to bloomberg sources. we are jumping around here a little bit. the last private round, $10 billion, then the ipo may target $5 billion. we are up to $6.5 billion. what do we know? >> it can be hard to guess exactly where the market will be when reddit debuts, likely later this month. they were valued at around $10 billion in 2021, but that was also the peak of the private tech market, so many companies...
0
0.0
Mar 8, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >>> is the market ready for reddit?ial media platform gearing up to kick off its pre-ipo road show, what you need to know ahead of the debut. you're watching "fast money" live from the nasdaq markesit te in times square. we're back right after this. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to help reach your goals with confidence. my sister's told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial. - "best thing i've ever done." that's what freddie told me. - it was the best thing i've ever done, and- - really? - yes, without a doubt! - i don't have any anxiety about money anymore. - great people. different people, that's for sure, and all of them had different reasons for getting a reverse mortgage
. >>> is the market ready for reddit?ial media platform gearing up to kick off its pre-ipo road show, what you need to know ahead of the debut. you're watching "fast money" live from the nasdaq markesit te in times square. we're back right after this. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is...
0
0.0
Mar 26, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
and if reddit, i go on reddit, i like all the free talk on reddit, on these social exchanges, and i understande do it. but if you're looking for a justification of my statement that we're in a bubble, it's reddit. they have no business to continue to be at this price with the business they have. liz: well, i'll tell you something, you know, with the market charging ahead and the economy still looking pretty good, we've got durable goods numbers for the month of february, and i always look at that a one component which is the core capital goods spending because that's an indication of business spending, it way outpaced the expectationful durable goods were up a couple tenths of a percent better than expected overall, but the core capital goods gained .7%, beating the .1% estimate. and i look at that and i say, well, there is no way the fed is going to hike three times. i mean, you had rafael bostick just yesterday of the atlanta fed if saying one maybe. >> yeah. i mean, if you look at futures, if you look at futures, futures are showing us that there's still optimism that the fed is going to lo
and if reddit, i go on reddit, i like all the free talk on reddit, on these social exchanges, and i understande do it. but if you're looking for a justification of my statement that we're in a bubble, it's reddit. they have no business to continue to be at this price with the business they have. liz: well, i'll tell you something, you know, with the market charging ahead and the economy still looking pretty good, we've got durable goods numbers for the month of february, and i always look at...
0
0.0
Mar 20, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >>> a news alert on reddit's ipo pricing. leslie picker has the details. >> yeah, speaking with sources familiar with the matter, reddit has decided that ipo price for its debut, high end of the range here, $34 per share, same number of shares offered, about 22 million there. that implies an offering size of 748 million. 70% of that is going to be sold by the company. the rest is going to be sold by selling shareholders, largely employees and so forth. that implies a fully diluted valuation of about $6.4 billion, on a fully diluted basis. reddit pricing its ipo, high end of the range, $34 per share. that one set to debut tomorrow morning, melissa. >> all right, leslie, thank you. we'll have much more on reddit later this hour. >>> coming up, more afterhours action in the chips space. micron reporting results. details next. >>> and sticking with the semi space, intel landing billions from the chips october. how they're planning to use the money, and what the ceo had to say about the company's next steps. don't go anywhere. "fa
. >>> a news alert on reddit's ipo pricing. leslie picker has the details. >> yeah, speaking with sources familiar with the matter, reddit has decided that ipo price for its debut, high end of the range here, $34 per share, same number of shares offered, about 22 million there. that implies an offering size of 748 million. 70% of that is going to be sold by the company. the rest is going to be sold by selling shareholders, largely employees and so forth. that implies a fully...
0
0.0
Mar 21, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
reddit would benefit on the margins.re large advertiser budgets will go, they will look for new homes. reddit is not a direct substitute for tiktok. we don't know exactly how much u.s. ad revenue there is. there was a 50 articles saying $16 billion. that has to include e-commerce and other activities. i think it is safe to say you could distributed more or less along the lines of where the money is going today. everyone is the beneficiary, not just meta. i think snape, pinterest and on the margins reddit as well. lisa: the idea that reddit priced its ipo at the high end of what people were talking about, is this a good time for tiktok to ipo? is the ipo market telling companies now is your moment? brian: if you have an ai play, absolutely. i'm not in the business of talking to investors on a day-to-day basis so i don't know what they are thinking this minute, but it's safe to say there's a lot of ambiguous opportunity in terms of how they are using these environments. it could be a lot of money or maybe not. i don't know
reddit would benefit on the margins.re large advertiser budgets will go, they will look for new homes. reddit is not a direct substitute for tiktok. we don't know exactly how much u.s. ad revenue there is. there was a 50 articles saying $16 billion. that has to include e-commerce and other activities. i think it is safe to say you could distributed more or less along the lines of where the money is going today. everyone is the beneficiary, not just meta. i think snape, pinterest and on the...
0
0.0
Mar 11, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
the reddit prepaying to go public."worldwide exchange" after this. ols and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley [disconcerting stomach gurgle] not again. maybe i should get this looked at? [suggestive stomach gurgle] zocdoc? [talkative stomach gurgle] you're right, i bet they deal with this all the time. dr. finley really puts you at ease. let's do it! you've got more options than you know. book now. you know when you have those moments? that time to reflect. to be like wow! what did i do to get here? (tense music) right. work. you worked hard and it's time for a bank that'll work hard for you. everbank performance savings is built to put your money to work with some of the highest rates in the cou
the reddit prepaying to go public."worldwide exchange" after this. ols and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley [disconcerting stomach gurgle] not again. maybe i...
0
0.0
Mar 21, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
reddit is in the same neighborhood. we're in the same universe talking about the companies impacted by a.i. this is a company that is already striking deals according to reports to the tune of $60 million a year for access to their users. i think that is a really important part of their business to watch. if you look at what news businesses are looking at here means it is inevitable a.i. is coming for them. you have to work with them or develop them on your own. the risk there is you might be taking users away. who cares about that? advertisers care. the risk of canobolising. why would anybody come back to reddit? why would anybody who is paying for reddit access continue to do that? i think that's the challenge going forward. we haven't talked about the regulatory questions that are already coming into play with the other big players i mentioned with the ftc and if the deals will have to change in the future. >> wow. 34. we'll watch it. astera went up 25%. it will be fun to watch today, hope. hope, let's do a price is
reddit is in the same neighborhood. we're in the same universe talking about the companies impacted by a.i. this is a company that is already striking deals according to reports to the tune of $60 million a year for access to their users. i think that is a really important part of their business to watch. if you look at what news businesses are looking at here means it is inevitable a.i. is coming for them. you have to work with them or develop them on your own. the risk there is you might be...
0
0.0
Mar 15, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
let's talk about reddit. is been a bumpy path to an ipo for reddit, and a rather slow- moving one. am i right about that? >> reddit has gone through a lot of phases. it is a pretty old company at this point. it is a mainstay for communication, people talking about all sorts of random, very random topics. it is very popular. it is a very old property, and a big one. >> has it ever made money? >> i actually don't know. that means a lot of things when you look at it. i don't actually know the answer if it is profitable at this moment are not. as you say, this is a mature property. is been around a long time. it has a strong following. why won't they have gone public sooner? and why in retrospect was this a mistake quick i would rgue it is marginally started even as a business. being a really cool thing that some young kids dreamed up. it went through its phases. it was still a very significant piece of it. >> the story was mostly about growth modernization. the community, the opportunity. historically, maybe a l
let's talk about reddit. is been a bumpy path to an ipo for reddit, and a rather slow- moving one. am i right about that? >> reddit has gone through a lot of phases. it is a pretty old company at this point. it is a mainstay for communication, people talking about all sorts of random, very random topics. it is very popular. it is a very old property, and a big one. >> has it ever made money? >> i actually don't know. that means a lot of things when you look at it. i don't...
0
0.0
Mar 22, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
john, your reaction to reddit?r that maybe the capital markets window is opening again. >> i think it is opening. reddit is the first ipo that we've had, a social media company, since 2019. let's not forget that investors could care less about the fact that reddit has lost money for 19 consecutive years. reddit was introduced as a product back in 2005. 19 long years of losses. yet the market was more than willing to supply equity capital to this company. all of this is a sign that there are -- i think there's speculative y bubbl b bubbles a. bitcoin was recently over $70,000, not had that long ago t was $20,000. lickity is pushing up prices of -- liquidity is pushing up the prices of all these assets. if anything, the fed is perhaps less likely to cut rates later this year. the stock market is booming, if we have companies like reddit able to raise money with ease, if we have for instance junk bond yield spreads or the risk premium demanded by investors when they buy junk bonds as a very, very low level, the outloo
john, your reaction to reddit?r that maybe the capital markets window is opening again. >> i think it is opening. reddit is the first ipo that we've had, a social media company, since 2019. let's not forget that investors could care less about the fact that reddit has lost money for 19 consecutive years. reddit was introduced as a product back in 2005. 19 long years of losses. yet the market was more than willing to supply equity capital to this company. all of this is a sign that there...
0
0.0
Mar 11, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
caroline: we will bring you the latest details on reddit's ipo. ed: plus, bitcoin tops $72,000 for the first time as the digital currency continues its rally. ophelia snyder of 21shares joins us to discuss. caroline: and we will be joined by funeral close look to talk about one year after the closure of silicon valley bank -- and we will be joined by vinod khosla to talk about one year after the closure of silicon valley bank. we eye big macro points. basically, where is inflationary pressure taking us? looking at the 10 year yield, up only some two basis points now. still fading some that initial selloff but still carrying over from friday. globally speaking, seeing a little bit of bottom picking in china at last. it seems after we wrapped up the focus on the overall party and the future of the economic trajectory, china up about 2.6% on chinese trading names in the u.s. that is the golden dragon index i look at. next, the area that moves apart from the risk concern we see of equity market and continues to power ever higher. ed will dig into why
caroline: we will bring you the latest details on reddit's ipo. ed: plus, bitcoin tops $72,000 for the first time as the digital currency continues its rally. ophelia snyder of 21shares joins us to discuss. caroline: and we will be joined by funeral close look to talk about one year after the closure of silicon valley bank -- and we will be joined by vinod khosla to talk about one year after the closure of silicon valley bank. we eye big macro points. basically, where is inflationary pressure...
0
0.0
Mar 21, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
ashley: bring you up to speed on reddit that's having its ipo today.um app initially was looking at somewhere between $31-34, but demand and price apparently is going up. and we are continuing to follow that when it actually comes to market. but $44-48. >>> all right, take a look at this headline in "the new york post". kids' faux-based is inhuman and ten times worse than any middle school horrors. rikki schlott joins me now. in your article a, you talk about the author of a new book who says social media has damaged gen-z. in what way do you think that is? >> i mean, we know9 that the average a kid right now is spending 5 hours a day in screen time which is effectively almost -time job over the course of a week in addition to their school time, and so that leavesless time for free time with friends, getting a driver's license, healthy rites of passage a, taking a part-time job, dating and sleeping. it's taking away, it's more, in my opinion, about the displacement of healthy activities in a hell think day-to-day life and replacing it with screen time
ashley: bring you up to speed on reddit that's having its ipo today.um app initially was looking at somewhere between $31-34, but demand and price apparently is going up. and we are continuing to follow that when it actually comes to market. but $44-48. >>> all right, take a look at this headline in "the new york post". kids' faux-based is inhuman and ten times worse than any middle school horrors. rikki schlott joins me now. in your article a, you talk about the author of a...
0
0.0
Mar 22, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
in other news: reddit has ended its first day of trading in new york up almost 50%. been drawn to backing the social media platform, despite it having never turned an annual profit since launching in 2005. reddit said it plans to diversify its revenue streams and invest in artificial intelligence. we got some fresh inflation data from japan this morning showing that consumer prices jumped by 2.8% in february from a year earlier. this was up from 2% injanuary, and past the central bank's target rate. earlier this week, the bank ofjapan abandoned its negative interest rates policy and raised borrowing costs for the first time in 17 years. stefan angrick, a senior economist at moody's analytics, gave us a sense of the road ahead for the japanese economy. japan didn't get inflation because of strongest domestic demand, stronger domestic wage growth. it got better inflation because energy and food prices pick up, and the hope is now that that will stick. that that will shake japan out of this longer term stagnation and leave it with enough escape velocity, to escape infla
in other news: reddit has ended its first day of trading in new york up almost 50%. been drawn to backing the social media platform, despite it having never turned an annual profit since launching in 2005. reddit said it plans to diversify its revenue streams and invest in artificial intelligence. we got some fresh inflation data from japan this morning showing that consumer prices jumped by 2.8% in february from a year earlier. this was up from 2% injanuary, and past the central bank's target...
0
0.0
Mar 25, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
when we think about how reddit makes money, it's monetizing the content of others. you know, i think there may be a little bit of negative sentiment around that. but overall, everything looks good you probably would have seen more of that negative backlash if we were going to see it, we probably would have started to see it by now. but you never know you never know how these forums are going to play out. >> you're obviously locked up from doing anything in the stock. do you feel as though you're a long-term shoulder here? >> well, at plexo capital, our focus is investing into the best companies and best private capital funds in private markets. we're holding only because we're locked up and we're not trying to make a play on public markets as to where the stock price might go that's not what we play. >> okay. let's talk big tech. most specifically the regulations. you have doj versus apple. you have the eu, you know, probing three companies today, apple, google, and meta. on the apple thing first, i'm wondering how you view that. and through the prism of most things
when we think about how reddit makes money, it's monetizing the content of others. you know, i think there may be a little bit of negative sentiment around that. but overall, everything looks good you probably would have seen more of that negative backlash if we were going to see it, we probably would have started to see it by now. but you never know you never know how these forums are going to play out. >> you're obviously locked up from doing anything in the stock. do you feel as though...
0
0.0
Mar 22, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
reddit forum is still pretty mixed.reddit creating a business around subscriptions and a user economy and the business which is excited about down the line will take years to build. mike? >> all right. again, not a bad gain from the offer price at $34. we will see how it goes from here. thanks, julia. dee, and talk about am and baydou and ai ambitions. >> the chat bot that we're talking about all the time, chatgpt, they're very good at english language queries, china, a totally different case. so if apple wants ai devices there, enabled devices there, it needs a partner like baidu, they have the learning bot that is in different smart phones not just for functionality but also to navigate the many regulatory hurdles that exist there. baidu shares were up as much as 5% on the report but they look to finish only up about a half a percentage point higher. take a look at apple though. it started the week higher on a separate report that it would potentially incorporate google's gemini ai into the iphone, the english languag
reddit forum is still pretty mixed.reddit creating a business around subscriptions and a user economy and the business which is excited about down the line will take years to build. mike? >> all right. again, not a bad gain from the offer price at $34. we will see how it goes from here. thanks, julia. dee, and talk about am and baydou and ai ambitions. >> the chat bot that we're talking about all the time, chatgpt, they're very good at english language queries, china, a totally...
0
0.0
Mar 20, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
reddit is not making money. reddit lost $90 million last year.lion and get an exit of $6 billion. we could figure out how to do that but what wall street is excited about is the user base so reddit had over 270 million weekly active users last quarter if you compare that you mentioned a.i. chatgpt only had about 100 million so users are everything for wall street and i think this is what they are excited about but i'll give you the a.i. components. if you look at reddit, this is a vast, unmatched, relevant, timely archive of human conversations. there's nothing else like it in the world, and so i think what reddit wants to do is monetize these conversations and sell them, these conversations, to a.i. firms for a.i. modeling and training, so there really is an a.i. element here. now they haven't monetized yet but that's what wall street is looking for and you'll see excitement as reddit goes public. neil: david we talked about this before, a phenomenon reminds you of the internet book i think the big difference between then and now is we have real
reddit is not making money. reddit lost $90 million last year.lion and get an exit of $6 billion. we could figure out how to do that but what wall street is excited about is the user base so reddit had over 270 million weekly active users last quarter if you compare that you mentioned a.i. chatgpt only had about 100 million so users are everything for wall street and i think this is what they are excited about but i'll give you the a.i. components. if you look at reddit, this is a vast,...
0
0.0
Mar 26, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
back to reddit, reddit has a curated and stratified cadre of users. i think that will be very relevant to large linkage models. they can then toggle about the importance based on the duration on the platform and how long they spend each day and reddit captures that. we are not here to pump reddit. i think what they are doing is untapped but they have the right model. katie: interesting looking for your notes. you are clear the market top. i am a few people on social media make that joke. mark: we will find out in a couple of hours when gamestop announces if the wall street bets boys and girls are pounding. yesterday's news as far as gamestop. we are still fed related. you cannot get over the fact that almost five or six weeks ago jay powell was on 60 minutes calling bloomberg tiktok. he was there counting the tables. i'm doing my job but treasury is deficit spending and making my job managing unemployment, inflation, and treasury functioning very difficult. i think we are not out of the woods there. this is one year since the banks blew up in march. w
back to reddit, reddit has a curated and stratified cadre of users. i think that will be very relevant to large linkage models. they can then toggle about the importance based on the duration on the platform and how long they spend each day and reddit captures that. we are not here to pump reddit. i think what they are doing is untapped but they have the right model. katie: interesting looking for your notes. you are clear the market top. i am a few people on social media make that joke. mark:...
0
0.0
Mar 21, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
plus — a tiny rival for big tech — cult social media platform, reddit, goes public, with a valuationust over $6 billion. can it take on the likes of meta, and turn its loyal user base into hard cash? and — a tough new level for the games industry — thousands morejob cuts, as the pandemic gaming boom unwinds, and developers press the reset button. a very warm welcome to the programme. iam a very warm welcome to the programme. i am mark lobel. we start here in the uk, where, in the next few hours, the bank of england will make its latest decision on interest rates. it has pushed the cost of borrowing up to its highest in 15 years, to try and get soaring prices under control, by limiting the spending power of households and businesses. it's not expected to start cutting rates today, but it is under growing pressure to do so. here's why. on wednesday, we learned that inflation — the rate at which prices are rising — came down more sharply than expected last month, from 4% injanuary to 3.4% in february. thats a huge fall from its peak, back in october 2022, when inflation was running at t
plus — a tiny rival for big tech — cult social media platform, reddit, goes public, with a valuationust over $6 billion. can it take on the likes of meta, and turn its loyal user base into hard cash? and — a tough new level for the games industry — thousands morejob cuts, as the pandemic gaming boom unwinds, and developers press the reset button. a very warm welcome to the programme. iam a very warm welcome to the programme. i am mark lobel. we start here in the uk, where, in the next...
0
0.0
Mar 20, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
already it's looking positive for reddit. to some of the banks years when we are at record highs in the days before the ipo. katie, this is a name people of anticipated coming to the market for so long. how are some of the allocation going to those themselves because they want to ensure their community is supportive of them going public. katie: they're allocating shares to some top users. normally it's just wall street that gets access at the ipo price. normally an average retail investor can only buy after it begins trading on the first day and they don't have access to that pop that we see. so this is a way to give that to some of their top users. we have seen this with a couple of other consumer facing ipo's now but this is part of that trend. ed: what's interesting with reddit, founded in 2005 been bought by conde nast quickly and spun out. we've been waiting a long time. there is also how this will work so some of the shares to insiders and staff. how does that impact the mechanics. >> we had smaller than usual stakes. t
already it's looking positive for reddit. to some of the banks years when we are at record highs in the days before the ipo. katie, this is a name people of anticipated coming to the market for so long. how are some of the allocation going to those themselves because they want to ensure their community is supportive of them going public. katie: they're allocating shares to some top users. normally it's just wall street that gets access at the ipo price. normally an average retail investor can...
0
0.0
Mar 21, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
the question is whether reddit is that space. neil: they are not overly attached right now but everyone and anyone, you want to attach ai, serialmakers are the next one reinforced with ai but you need to buy and sell it. kelly o'grady following that. bubba horwitz getting a read on this, ray wong, let me get your sense of what is at stake here. kelly laid it out beautifully but this is price to perfection and then some. what do you think? >> conflict with ai is not where we are headed but there's a huge demand. this is a social network but not one of the largest. if you want to make a play for ai there will be large models like facebook and other companies with big social networks and smaller networks that will be important and reddit will play that role. they are very close and cut that down and in better shape than when snap was doing an ipo because they are past the number of employees that snap had so they are cutting costs, coming back on the volunteer effort. the bonds stopped being moderated. they feel the data is being ta
the question is whether reddit is that space. neil: they are not overly attached right now but everyone and anyone, you want to attach ai, serialmakers are the next one reinforced with ai but you need to buy and sell it. kelly o'grady following that. bubba horwitz getting a read on this, ray wong, let me get your sense of what is at stake here. kelly laid it out beautifully but this is price to perfection and then some. what do you think? >> conflict with ai is not where we are headed but...
0
0.0
Mar 12, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
it's harder to get on to reddit.uct or find content, but there is a tye where people go back. >> and ellen, we appreciate your perspective on this. before we let you go, i wanted to get your perspective, if you have one, on what's happening with tiktok. do you have a view? should this be a business that's banned in the united states? >> i think it's hard to ban businesses. we know people use vpns to get around it. i think it's an area that should be regulated. i think the u.s. company should also be regulated. recently, elon musk tweeted that he's moving his trust and safety groups to focus only on compliance with u.s. laws. we need better u.s. laws if that's going on the threshold for so i would companies. so the fact that we want to get involved is important. i don't know that it's going to be successful, if we try to ban tiktok. it's something that i think a lot of people are using and a lot of people really enjoy. and i think it's going to be hard to stop it. >> do you think it should be considered a national sec
it's harder to get on to reddit.uct or find content, but there is a tye where people go back. >> and ellen, we appreciate your perspective on this. before we let you go, i wanted to get your perspective, if you have one, on what's happening with tiktok. do you have a view? should this be a business that's banned in the united states? >> i think it's hard to ban businesses. we know people use vpns to get around it. i think it's an area that should be regulated. i think the u.s....