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After Microsoft's announcement Wednesday, one thing is for certain,

they really want to talk about co-pilot.

I'm Emron Shake and listeners, you'll always be my co-pilots.

So fasten your seat belts, put your tray back in the upright position because it's time for

your daily crunch for Friday starting with three big headlines.

Shares of Social Forum Giant Reddit closed its first day of trading at $50.31 up, nearly 48% from its IPO price of $34 per share.

The company had indicated a target range of $31 to $34 per share. The company had indicated a target range of 31 to 34 dollars per share in the run-up to its public market debut,

eventually settling on the top end of that interval.

Prices are still bouncing, though, have cooled and appear to be settling in at below $50.

With $84 million in 2023 revenue and still unprofitable, with net losses of more than $90 million last year,

Reddit may appear to be trading on the high end of its revenue multiple

...