Reddit Surges on Its First Day of Trading
Briefly

Low interest rates and economic effects from the war in Ukraine have made tech IPOs scarce, unlike easy private fundraising. Pinterest's shares trading above IPO price show promise for Reddit.
Since spinning out from Condé Nast, Reddit has steadily grown with over 73 million daily users and 100,000 communities. Moderators oversee the diverse content submitted by users.
Read at WIRED
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