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Reddit goes public in the most Reddit of ways

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Once considered among the dark alleys of the internet, social media platform Reddit, now almost 20 years old set up a Thursday public stock offering to raise nearly $520 million on a company valuation of $6.4 billion.

<p>NEW YORK — Once considered among the dark alleys of the internet thanks to its lack of robust moderation, social media platform Reddit, now almost 20 years old, launched a turnaround effort&

</p><p>While Reddit ranks among the top 20 websites in the world by visitor traffic, it isn't a social media behemoth at the level of Facebook, Instagram or X.

 

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Reddit’s Sale of User Data for AI Training Draws FTC InquiryThe platform says it stands to make more than $200 million in coming years from Google and other companies that want user comments to feed AI projects. Regulators have questions.
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