| From: Glenn Petersen | 2/5/2024 6:25:06 AM | | | | | | OT to META.
Reddit chooses New York Stock Exchange for long-stalled IPO
Nicholas Megaw in New York and Hannah Murphy in London
Financial Times
5 HOURS AGO
Social media platform Reddit has picked the New York Stock Exchange as the venue for its long-delayed stock market debut, according to two people familiar with the plans, a victory for the exchange in its long-running listings battle with rival Nasdaq.
The decision, ahead of an initial public offering that could take place as soon as next month, will be taken as the latest encouraging sign of life in the US IPO market after two years of limited activity.
San Francisco-based Reddit first lodged a confidential filing for an IPO with the US Securities and Exchange Commission in late 2021, but held off going public as tech stocks fell in the face of tough macroeconomic conditions and an advertising slump.
It would be the most high-profile tech group to list on Intercontinental Exchange’s NYSE since the height of the IPO market boom in 2020-21. Advertising software group Klaviyo was the only large software listing on NYSE last year, as Nasdaq lured chip designer Arm and delivery group Instacart.
Nasdaq has historically dominated the market for tech listings in particular, though NYSE has previously won large companies such as Uber and Spotify. Nasdaq’s dominance in tech has helped it pull ahead of its rival as the most popular venue for listings more broadly in recent years.
Reddit, once known as a bastion of free speech and criticised by experts for its light-touch approach to moderation, has been sought to develop its advertising offering and better police the more controversial corners of its forums to satisfy marketers.
One person close to the company said it is aiming to achieve an initial valuation of at least $5bn when it goes public. It was valued at $10bn in its most recent private fundraising in 2021, but private company valuations tumbled in the past two years as interest rates increased.
The US IPO market has had a shaky start to the new year. Fundraising volumes have risen, with about $3.5bn raised compared to just $500mn in the same period in 2023, according to Dealogic, but the two largest deals — sportswear maker Amer Sports and healthcare group BrightSpring — both struggled to build investor interest and priced below their target ranges.
NYSE and Reddit declined to comment.
Reddit chooses New York Stock Exchange for long-stalled IPO (ft.com) |
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| To: Glenn Petersen who wrote (3774) | 3/5/2024 11:43:02 AM | | From: Kirk © | | | | I read all of Meta's platforms are down in many areas. I can't log into Facebook from my PC or phone. The article also said accounts on other sites that used the FB login, such as newspapers, won't work.
490,000 reported problems at downdetector
downdetector.com
Primary election here in California where perhaps too many Trump supporters clicking Biden ads to drain the advertising account, or vice versa?
downdetector.com
cnbc.com
With all that ad spending for today's CA primary, not a good time to be down. |
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| To: Julius Wong who wrote (3776) | 4/25/2024 1:14:31 PM | | From: Johnny Canuck | | | | I think what is worrying trader is the burn rate associate with the Metaverse. It is essentially a technology no one is demanding right now and they are spending billions a Q on it.
For most people it is old news. When is the last time you heard anyone talk about it except Meta. |
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| To: Thomas M. who wrote (3747) | 7/31/2024 9:17:54 PM | | From: Thomas M. | | | | Google & Meta function as extensions of the US Intelligence Community. With Jacqueline Lopour, Google's Head of Trust & Safety, and Aaron Berman, Meta's Head of Elections Content/Misinformation Policy, both being career CIA officers, it underscores the CIA's substantial control over online censorship.
Why is this CIA-Big Tech revolving door, where career CIA officers wield power to censor & decide what misinformation is, purposefully suppressed in the broader conversation about censorship?
Why are career CIA officers like Jacqueline Lopour & Nick Rossmann, who both have a history of spreading misinformation & promoting the RussiaGate conspiracy theory, now in senior roles in Trust & Safety at Google, deciding what is misinformation & overseeing content moderation?
The cumulative number of former Intelligence Community personnel hired by Meta & Google since 2018 is staggering. Before 2018, there were only a handful. Here are the combined hires by both companies:
CIA-36
FBI-68
NSA-44
DHS/CISA-68
State Dept-86
DOD-121
x.com
threadreaderapp.com
Tom |
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| From: Thomas M. | 9/26/2024 2:08:09 PM | | | | | | Mark Zuckerberg has entered his libertarian era
- In private, Zuckerberg identifies with the libertarian ideology.
- Zuck is trying to repair his image with Republicans who have accused him of anti-conservative bias.
- His refusal to talk politics is distinct among his peers and a partisan schism in the tech world.
businessinsider.com
Perhaps the censorship will be dialed back?
Tom |
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| From: Thomas M. | 10/17/2024 10:22:13 AM | | | | | | Meta Engineer Admits Facebook Demotes Anti-Kamala Harris Posts, Shadowbans Conservatives
breitbart.com
When asked, “You guys have the ability to influence the outcome of the election?” Gyawali confirmed, “Yes".
When asked if Mark Zuckerberg supports Meta’s political influence and agenda to help the Democratic Party, Gyawali answered, “100%.”
Tom |
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| From: Thomas M. | 1/7/2025 8:29:11 PM | | | | | | Meta’s Israel Policy Chief Tried to Suppress Pro-Palestinian Instagram Posts
by Sam Biddle
A former senior Israeli government official now working as Meta’s Israel policy chief personally pushed for the censorship of Instagram accounts belonging to Students for Justice in Palestine — a group that has played a leading role in organizing campus protests against Israel’s ongoing war in Gaza.
theintercept.com
Jordana Cutler was hired by Facebook in 2016 as the company's first policy chief for Israel, having previously worked at the Israeli embassy, as a Likud staffer, and advisor to Netanyahu.
In a 2020 interview she said "My job is to represent Facebook to Israel, and represent Israel to Facebook" Tom |
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| From: Thomas M. | 1/10/2025 8:07:46 PM | | | | | | Mark Zuckerberg says the Biden administration called his employees and “screamed and cursed” at them to take down Covid/vaccine content. They wanted Facebook to censor memes too.
When he pushed back, the Biden regime started investigating his companies.
“It was brutal.”
Tom |
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