Is Reddit’s IPO worth it? The social media site is aiming to go public “out of necessity,” says Northeastern finance expert (2024)

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Editor's Picks Can James Earl Jones’ triumph over stuttering inspire others? What is civil asset forfeiture, the unlikely topic at the center of Netflix’s new action movie ‘Rebel Ridge’? Expert explains the reality behind the hit movie Recent Stories How do we protect workers’ rights in the age of AI? Give the workers AI, too, says computer scientist Should Tua Tagovailoa keep playing after his third concussion? A brain researcher discusses the risks Recent Stories Writing course, designed by Northeastern professor, helps with isolation and anxiety. Now it’s being rolled out across the UK Northeastern University to break ground on permanent campus in Portland, Maine Photos: Snell Library, London and Social Media Summit Recent Stories What does Taylor Swift’s endorsem*nt of Kamala Harris mean for the 2024 presidential race? Trump-Harris debate takeaways: Experts breakdown the handshake, body language and other moments Harris-Trump debate: Who came out on top? Hear what the experts had to say Recent Stories How do we protect workers’ rights in the age of AI? Give the workers AI, too, says computer scientist Giant cosmic question answered. Northeastern astrophysicist explains the science behind the image captured by the Webb telescope Northeastern is a ‘living laboratory’ for rapid and reliable advances in artificial intelligence Recent Stories Can James Earl Jones’ triumph over stuttering inspire others? Could Fyre Festival happen again? Billy McFarland thinks so, but experts have their doubts Cicely Carew says public art can ‘inspire wonder and allow for enchantment’ Recent Stories Why are food prices still so high? What is price gouging — and why is it so complicated? From Wendy’s to Popeyes and Five Guys, experts explain why US fast food chains are making a comeback in the UK Weak jobs report sends stocks tumbling, but what’s really happening in the labor market? Recent Stories Should Tua Tagovailoa keep playing after his third concussion? A brain researcher discusses the risks Has the avian flu been spread by human contact? Are we on the brink of another epidemic? Nearly one in four Americans know someone addicted to opioids, Northeastern-led research says Recent Stories Is the ‘lung float test’ accurate? Northeastern law professor is leading an effort to discredit ‘bad science’ What is civil asset forfeiture, the unlikely topic at the center of Netflix’s new action movie ‘Rebel Ridge’? Expert explains the reality behind the hit movie Can Jools Lebron still trademark ‘Very Demure, Very Mindful’? Legal expert explains her options Recent Stories How AshaPops, founded by a Northeastern grad and his mom, are revolutionizing snacks with popped water lily seeds Efforts to limit fast-food near homes need rethinking, Northeastern researcher says Nike Dunks, Air Jordans, Yeezy slides: Huskick’s club is all about sneakers Recent Stories Does your partner lie about what they are spending? Research examines how financial infidelity can harm a relationship New book details 70 years of US presidential campaign strategy Why are UK media outlets adopting a ‘consent or pay’ approach? Recent Stories Should Tua Tagovailoa keep playing after his third concussion? A brain researcher discusses the risks This Northeastern grad taught himself weightlifting and is now competing internationally Northeastern graduate Fiona Howard rides to equestrian triple gold in her first Paralympics Featured Stories Northeastern University to break ground on permanent campus in Portland, Maine Northeastern University invests $470M in financial aid, welcomes talented and diverse first-year class New Northeastern research could revolutionize treatment for children’s growth plate fractures using stem cells What does ‘pain’ mean, medically? From Wharton to Ellison and Hayes, literature has answers What’s the value for a social media site like Reddit to go public? Reddit put its valuation at about $6.5 billion, but it hasn’t turned a profit since its founding. Does that valuation make sense, and how did it come up with that number? Is Reddit’s deal with Google a big new revenue stream? Last year Reddit faced backlash for starting to charge for access to its APIs. In response, a number of subreddits went dark and there has been some bad blood toward the company. There’s also some animosity from some Reddit users that their chat logs are going to be trained on AI. Could this controversy and the negative press around Reddit have an impact on the IPO? Reddit is giving some Reddit users the opportunity to buy shares into the IPO. I read that was an unusual move. The company said it did it to give users some ownership of the IPO. Can you speak on the significance of that? Business Recent Stories
Is Reddit’s IPO worth it? The social media site is aiming to go public “out of necessity,” says Northeastern finance expert (2024)
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