Reddit

Apple App Store

Apple pulls Wordle knockoffs from App Store

Apple Inc said on Wednesday it has removed from its App Store several knockoffs of Wordle, a website-only word game that has seen a recent surge in popularity thanks to celebrities...

Platform News: Reddit is a mainstay of group-based social media

Source: Reddit taps Morgan Stanley, Goldman Sachs for IPO

Reddit, whose message boards became central to meme stock trading frenzy in 2021, is tapping Wall Street banks Morgan Stanley and Goldman Sachs for its IPO, a source familiar with ...

Platform News: Reddit is a mainstay of group-based social media

Reddit jumps on IPO bandwagon with confidential filing

Reddit Inc, whose message boards became the go-to destination for day traders during this year’s meme stock frenzy, has said it had confidentially filed for an initial public...

Platform News: Reddit social network and discussion boards

Reddit rolls out real-time features to keep users engaged

Reddit has said it would launch several real-time features, including voting animations and typing indicators, some of which are already available on rival apps operated by Faceboo...

Platform News: Reddit is a mainstay of group-based social media

Reddit to shut down Dubsmash app, integrate video tools with platform

Reddit is pulling the plug on its TikTok-like platform, Dubsmash, the social network has said, just a year after buying it for an undisclosed sum to bolster its video creation tool...

Platform News: Social Media businesses

Australia plans to force parental consent for minors on social media

Australia plans to make social media companies obtain parental consent for users under the age of 16 and threaten fines of up to A$10 million ($7.5 million) for internet platforms ...

Platform Industry: President Donald J Trump comments

Trump’s social media deal ignites 350% gain in SPAC’s shares

Former US President Donald J Trump’s deal to create a social media app after Twitter and Facebook barred him won an exuberant endorsement from investors, with shares in a she...

Platform Economy: SEC

Why did the SEC release a report on GameStop?

The The SEC has released a report examining the frenzied trading in shares of retailer GameStop Corp, and other ‘meme’ stocks, in January, and recommended some areas fo...

Platform News: GameStop

US SEC praises equity market structure, absolves short sellers in GameStop report

The US markets functioned well during January’s GameStop volatility, while short selling was not the main cause of the unprecedented rise in the ‘meme stock,’ acc...

Platform News: GameStop

GameStop shares drop as executives mum on turnaround plan details

GameStop Corp, at the center of this year’s “meme stock” trading frenzy, reported a 25% jump in quarterly sales but failed to lay out fresh details about how it p...

Platform News: Reddit is a mainstay of group-based social media

A Reddit IPO? Company seeks to hire advisers

Reddit Inc, the operator of online message boards that became the go-to destination for day traders chasing this year’s frenzy for so-called meme stocks, is seeking to hire i...

Platform News: GameStop

Meme stocks soar in late day trading surge, short sellers knocked

Shares of several retail trading darlings, including AMC Entertainment and GameStop, surged in heavy volume yesterday, on no apparent news, dealing over $1 billion in losses to sho...

Platform News: Reddit social network and discussion boards

Reddit valued at $10 billion in new funding round

Reddit will raise up to $700 million in a fundraising round led by Fidelity Management, the social media network has said, cashing in on a jump in its influence in the financial wo...

Platform Economy: Palantir and Peter Thiel

Palantir’s shares jump as large contracts boost revenue forecast

Shares of Palantir Technologies Inc jumped about 12% after the US data analytics company forecast current-quarter sales above expectations, thanks to large contracts it secured fro...

Platform News: Facebook

Facebook removes Russian network that targeted influencers to peddle anti-vax messages

Facebook said on Tuesday it had removed a network of accounts from Russia that it linked to a marketing firm which aimed to enlist influencers to push anti-vaccine content about th...