caroline: anna rob reiner -- anurag rana, fantastic analysis. meanwhile, we have so much more for you. member, there is an ipo going on, and trading. the chief operating officer at reddit for more on the company's big day. that is next. what are you washing? ed: there was another ipo, up 12%, having jumped 72% day one. priced at $36 apiece. it is trading just below $70 a share. we had the ceo on the program yesterday. it is a company that makes the semi conductors or hardware that allows a server rack or data center, all of the different components to speak to each other. the 46% premium it traded day one, that is interesting in the context of reddit. what is going to happen with reddit? is this a 24 hour ipo window? from new york and san francisco, this is "bloomberg technology." ♪ >> apple actively encourages banks and other parties to participate in apple wallet, but is -- but it simultaneously exerts its monopoly power to block the same partners from developing alternative payment products and services for iphone users. caroline: merrick gar