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Marketplace All-in-One

Bethann Hardison on breaking barriers in fashion

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 23 February 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

For our Econ Extra Credit series this month, we’re watching “Invisible Beauty,” an autobiographical film exploring the life and work of model and activist Bethann Hardison. Today, “Marketplace Morning Report” host David Brancaccio is in conversation with Hardison to discuss a major cultural moment — walking for designer Chester Weinberg in the ’70s — and how she helped inspire a shift in the world of modeling and fashion. But first, Reddit goes for the IPO.

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Transcript

Click on a timestamp to play from that location

0:00.0

Reddit will sell pieces of itself in the form of stock.

0:05.0

I'm David Brancaccio.

0:07.0

Reddit, a bare-bones social medium where people swap advice, share hobbies, and a lot more,

0:12.0

has now filed paperwork with the Securities and Exchange

0:14.1

Commission for an initial public offering, New York Stock Exchange, ticker symbol

0:18.8

R-D-D-D-T.

0:20.6

In the prospectus it filed with the SEC,

0:23.0

Reddit says it has more than 70 million average daily users

0:27.0

and over 100,000 active communities.

0:30.0

Reddit has become known for its message boards.

0:32.6

It's had trouble with content moderation and that's made advertisers leery,

0:37.0

but Reddit recently struck a deal with Google.

0:39.6

Google will reportedly pay Reddit to use its data to train AI models.

0:44.0

Reddit says Google will also improve its search, making it easier for users to find content.

0:49.2

Sam Altman, the CEO of Open AI, is one of Reddit's biggest shareholders.

0:54.4

According to the Reddit prospectus, he has 9.2% of voting power.

0:59.4

I'm Nancy Marshall Ganser for Marketplace.

1:02.0

The perils of the software update Marshall Ganser for Marketplace.

1:03.2

The perils of the software update episode 9,000.

1:06.8

That's what AT&T is blaming for yesterday's outage cutting service to mobile customers

1:10.7

across the country.

1:12.2

The FBI looked into it and sees nothing

...

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