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Reddit Confidentially Submits Draft Registration Statement for Proposed IPO
Reddit has confidentially submitted a draft registration statement with the Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock, the company announced on its Twitter page Dec.15.The numbers of shares to be offered and the price range for the proposed offering have yet to be determined, the announcement said.The IPO is expected to … [Read more...] about Reddit Confidentially Submits Draft Registration Statement for Proposed IPO
Reddit launches waitlist for site-wide expansion of ‘Community Points’
Reddit has launched a waitlist for the upcoming site-wide expansion of its Ethereum-based ‘Community Points’ token rewards program, as well as a dedicated website. The social media platform, which runs on upvotes that earn users' karma scores, first dabbled in crypto token rewards in Dec 2019, when it launched Ethereum-based token rewards called “Donuts” in the r/Ethtrader … [Read more...] about Reddit launches waitlist for site-wide expansion of ‘Community Points’
Reddit Co-Founder, Solana Ventures Launch $100M Initiative for Web 3 Social Media
Announced Tuesday at the Solana conference in Lisbon, Alexis Ohanian’s Seven Seven Six and Solana Ventures are committing $100 million to grow decentralized social media projects on Solana. Originally, the commitment was for $50 million, but at an onstage discussion, Ohanian increased it to $100 million. Source link … [Read more...] about Reddit Co-Founder, Solana Ventures Launch $100M Initiative for Web 3 Social Media
Reddit Co-Founder, Solana Ventures Launch $50M Fund for Web 3 Social Media
“With a high performance blockchain like Solana, there is an unprecedented opportunity to fuse social and crypto in a way that feels like a web2 social product but with the added incentive of empowering users with real ownership,” Ohanian said in a statement. Source link … [Read more...] about Reddit Co-Founder, Solana Ventures Launch $50M Fund for Web 3 Social Media