Welcome to the Tech Meant Right Home for Friday, February 23rd, 2024.

I'm Brian McCullough. Today we have all the details of the Reddit IPO and Sam Altman of all people makes an appearance in the

S1.

What that big cell phone outage yesterday was all about?

Can Mark Zuckerberg be held personally liable in some of these meta lawsuits and given this week's news in the

long reads a long interview with NVIDIA CEO predicting the future of computing.

Here's what you missed today in the world of tech. Well we finally have it, a big tech IPO, the first social media IPO since

Pinterest back in 2019.

Reddit has filed to list its IPO on the New York Stock Exchange reporting revenue up 20% year

over year to 804 million dollars in 2023, a net loss that was down 43% year over year to 90.8 million dollars and 73 million daily

active users quoting c. NBC.

Reddit has more than 100,000 communities 73 73 million average daily active uniques, or DAUQ, and

267 million average weekly active uniques according to the filing.

As of the fourth quarter of 2023, Reddit's U.S. average revenue per user was $5.51 down from $5.92

from the previous year.

The company's global average revenue per user was $3.42 which was a 2% year-over-year decline

from $3.49.

Reddit said that by 2027 it estimates the quote total addressable market

globally from advertising excluding China and Russia to be 1.4 the China and Russia, the company is building on its search capabilities and plans to, quote,

more fully address the 750 billion dollar opportunity in search advertising that

S&P global market intelligence estimates the market to be in 2027 end quote.

But they're also clearly betting on AI

...