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 launched a new rewards program to acknowledge moderators who offer helpful advice to other moderators. It is a tiered system that rewards moderators with trophies and special flair.
Multiple subreddit moderators' accounts were compromised, with hackers posting pro-Trump messages. Reddit says it is working on locking affected accounts down and is investigating.
