Reddit, the self-anointed 'front page of the internet,' soars in debut

Reddit's IPO marked a significant event as it became the first social media platform to go public since 2019. The stock opened at $34 and quickly rose to $47, reflecting high market excitement. Despite its popularity, Reddit has faced financial challenges, with over $700 million in losses. The IPO could lead to increased commercialization, potentially affecting its community-driven nature. Reddit set aside shares for its users, allowing them to trade without the typical waiting period. The platform's future includes potential partnerships and new features, but commercialization may alienate some users.

What was the opening price of Reddit's stock on its first public day?

• $47

• $54

• $34

• $50

Why was Reddit's IPO significant for the tech world?

• It was the largest IPO in history.

• It was the first tech company to go public in 2023.

• It was the most profitable IPO of the year.

• It was the first social media IPO since 2019.

What has been a major financial challenge for Reddit throughout its history?

• High advertising costs

• Excessive user growth

• Lack of profitability

• Regulatory fines

What unique feature did Reddit include in its IPO?

• Shares for Reddit users

• Shares for international investors

• Discounted shares for employees

• Shares for government officials

What future plan does Reddit have that involves a partnership with Google?

• Developing a new search engine

• Integrating Pi into the platform

• Launching a new social media platform

• Integrating AI technology