Reddit hits the road ahead of IPO
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 12 March 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
Reddit’s public offering could set the tone for start-ups looking to list in 2024, and the EU wants to give Ukraine up to €3bn. Plus, there are new plans to deliver aid to Gaza to help the enclave avoid famine.
Mentioned in this podcast:
Brussels aims to fast track up to €3bn for Ukraine from frozen Russian assets
Reddit aims to raise more than $500mn in IPO
EU ministers approve ‘status quo’ rules for gig economy workers
Can ships carrying aid help avert famine in Gaza?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. UK. Good morning from the Financial Times. Today is Tuesday, March 12th, and this is your |
| 0:17.7 | FT news briefing. The EU wants to fund Ukraine's war effort with Russia's money, and |
| 0:24.8 | Reddit's hitting the road ahead of its IPO. |
| 0:28.0 | Plus a new US plan to get more aid into Gaza faces a lot of hurdles. |
| 0:34.6 | Even if aid is physically able to enter the Gaza Strip, |
| 0:38.5 | how much is able to be actually dispersed |
| 0:41.2 | and to reach the people most in need. |
| 0:44.1 | I'm Sonia Hudson and here's the news you up to 3 billion euros of profits from Russia's frozen |
| 1:07.1 | assets. These assets were sanctioned after Russia's full-scale invasion of Ukraine |
| 1:11.7 | about two years ago. |
| 1:13.7 | Sources told the FTE that the European Commission is preparing a plan to fast track the funding. |
| 1:19.4 | This is happening as the US struggles to approve more aid for Ukraine. |
| 1:24.7 | The EU could send Ukraine the first installment of money as soon as July, that is if Brussels |
| 1:29.7 | can get approval from member states. |
| 1:32.2 | The proposal is expected to be brought up at an EU |
| 1:34.8 | Leaders Summit next week. |
| 1:38.6 | Reddit released a ton of details yesterday about its |
| 1:45.9 | upcoming initial public offering. The social media company is hoping to raise |
| 1:50.4 | more than 500 million dollars and it's on a road show this week to |
| 1:54.9 | advertise the IPO to investors. How it all goes down could set the tone for other |
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