Last year, Reddit moderators protested against site changes that restricted third-party app access. Thousands of subreddits went private, locking the public from viewing popular forums.
Social media platform Reddit filed with the SEC today for an initial public offering, a move anticipated for years by the company, which was founded in 2005 by Steve Huffman, Alexis Ohanian and Aaron
As Reddit prepares to go public, a new filing with the SEC has revealed its biggest backers. OpenAI's Sam Altman is the third-largest shareholder, the filing revealed.
Sam Altman used Reddit every day for years before leading a $50 million round in the online discussion board company. Now Reddit sees ChatGPT as competition.
Reddit's prospects as it barrels toward a stock market listing have a lot more to do with relationships with AI vendors such as OpenAI than one might expect. In its IPO prospectus filed today with the
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