Reddit IPO no guarantee of success
After a long run-up, Reddit's IPO is imminent. Remarkably, Reddit users themselves can also participate in the IPO. In March, CEO Steve Huffman will announce an initial public offering.
Reddit has 76 million daily users, known as Redditors. However, the social media platform withdrew its free AP... Read more
Google pays $60 million annually for content on Reddit through AI deal
Update, 22/02, 08:30 am, Laura Herijgers: Google would train its LLMs with Reddit content. Therefore, Google is said to be the AI company behind the $60 million content deal. Three people familiar with the case told Reuters. The parties involved declined to comment.
Original, 19/02, 2:08 p... Read more
Rubrik considers IPO in April 2024
Rubrik may be planning to apply for an IPO this April. However, the company is currently under suspicion in a fraud case. Reuters report this based on sources.
Rubrik may want to seek a public listing in April this year. The company is said to have a market value of about $4 billion. Rubrik's an... Read more
Reddit goes for IPO in March
Reddit is considering a listing on the New York Stock Exchange in March.
The IPO comes after years of consideration. According to Reuters sources, social media platform Reddit has developed extensive plans for an IPO in late March this year. The intention to go public will likely be announced in... Read more
New BlackBerry CEO gets task to successfully split IoT and Cybersecurity divisions
BlackBerry recently appointed John Giamatteo as its new CEO. In addition, the security and IoT specialist has decided to call off a proposed IPO of its IoT division.
BlackBerry recently appointed John Giamatteo, the current director of the cybersecurity division of BlackBerry, as its new CEO. H... Read more
BlackBerry splits into separate security and IoT company
BlackBerry is going to split itself into two separate companies: one for its security business and one for its IoT ventures. The latter new company may go public next year.
BlackBerry, once started as Research in Motion (RIM), has decided to split its operations into two separate companies. One ... Read more
Intel spins off its FGPA business unit in preparation for IPO
Intel has decided to spin off its Programmable Solutions Group (PSG) by January 2024. The spin-off should eventually go public.
Intel recently announced that it would spin off its PSG business unit as of Jan. 1, 2024. From then on, the business unit will still fall under the chip giant's banner,... Read more
Arm sets record at IPO, stock market value gains nearly 25 percent
Arm's September 14 IPO became the biggest in recent years, according to figures after the first few days of trading. The stock rose from $51 each to over $60 in one day.
As expected, Arm's IPO has been a great success. On its first day of trading, last Thursday, September 14, the stock opened on... Read more
Databricks raises half a billion dollars in recent investment round
Databricks has managed to raise more than 469 million euros ($500 million) in a recent Series I investment round. This brings the value of the data lakehouse and AI specialist to the previously desired amount of $43 billion.
Databricks had wanted to bring the company's market value to $43 billio... Read more
Jim Goodnight considers later SAS IPO: ‘It will be in 2025’
During SAS Explore, we had an interview with Jim Goodnight, the co-founder and CEO of SAS. We asked him for an update on the initial public offering (IPO). SAS' original plan to go public in 2024 no longer seems within reach. "It will be 2025," Goodnight said.
When asked why 2024 is the right ti... Read more