Reddit to Launch IPO

[Suba]

Social media site Reddit has registered a prospectus to launch their IPO with the SEC yesterday Feb 24, 2024, which is planned to be traded on the NYSE with the ticker code RDDT. In a financial statement, Reddit revealed that he owns Bitcoin, Ethereum and also Polygon (Matic).

In 2020, the Reddit site also launched Moons and Bricks Tokens running on the Ethereum blockchain, which were given as rewards to Reddit users as subreddits, but unfortunately they were removed in Nov 2023.

 

[Starmix]

Why were they removed in November 2023? Reddit is expanding. It got a name. I was a blogger before on Reddit but I quit when I travelled abroad.

 

[SilverLance]

Reddit's IPO and participation in the crypto market could have fascinating implications for both their own trajectory as well as for the broader landscape of social media and digital currencies in the future.