A new report claims that Reddit will price its upcoming IPO at $31 to $34 a share. That means the popular community website could have a valuation of up to $6.5 billion when it starts trading.
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Reddit made a new filing with the US Securities and Exchange Commission, revealing its user numbers and financials as it prepares to launch its IPO and sell stock under the name "RDDT.”
Reddit has announced a new Contributor Program today, which awards cash to users who post quality content on the platform based on the amount of karma and gold that a user earns from their posts.
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