Reddit, meme stocks and an IPO

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Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 14 March 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Reddit, a somewhat untamed fixture of the internet, is launching an initial public offering of its shares. We’ll get into why the company’s culture could become an obstacle to profitability and whether Reddit might get the meme stock treatment its users famously dished out in the past. And, the TikTok creators who’d be most affected by a nationwide ban are the social media company’s greatest lobbyists. Plus, the impact Family Dollar store closures could have on food deserts and an incredible feat by American sailor Cole Brauer.

Here’s everything we talked about today:

- “TikTok’s ‘Juicy Body Goddess’ speaks to CNN about potential ban” from CNN Politics

- “TikTok creators say House ban threatens lives and livelihoods” from The Washington Post

- “There is something core to Reddit that is extremely powerful, says former Reddit CEO Ellen Pao” from CNBC Television

- “Reddit will let users participate in its IPO” from Marketplace

- “Dollar Tree to close nearly 1,000 stores” from AP News

- “29-year-old becomes first American woman to sail nonstop around the world” from PBS NewsHour

- “Sailor Cole Brauer makes history as the first American woman to race solo around the world” from NBC News

Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

Transcript

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0:00.0	I did the link in the thing and you know I'm just a talent yeah true
0:09.2	Sorry
0:14.7	Hello everybody. I'm Kimberly Adams. Welcome back to Make Me Smart where we make today makes it.
0:18.0	You know what's funny, I spend so much time sitting in front of the microphone,
0:20.3	sometimes I forget I'm sitting in front of the microphone, which you know, whatever. Oh man. Anyway, I'm sitting in front of the microphone which you know whatever.
0:24.0	Oh man.
0:25.0	Anyway I'm Kyrazzell. Thanks for joining us.
0:27.0	Yeah, right?
0:28.0	Joining us on this Thursday I believe it is March the 14th today.
0:32.0	Yes, today we're going to listen back to some of the big news stories of the week.
0:36.0	We've got some audio clips lined up, so let's hear our first one.
0:39.0	When I got on Tik-Toc in 2022, it changed my life forever. I was able to gain followers. I was able to
0:46.2	connect with my community. I was able to grow my business and upscale to a warehouse of
0:51.6	15,000 square feet, get a brick and mortar into a mall location.
0:56.3	It changed my life forever.
0:57.6	I have people flying in from California, the UK, Seattle, New York, just to visit my store just because they heard about me from
1:06.1	Tik-Tok.
1:08.9	And there is a perfect example of some of the most effective lobbyists that Tik-Tok has.
1:14.8	So that was Tik-Tok content creator Summer Lucille talking on CNN about how Tik-Tok has helped
1:20.0	her grow her business and why she is against banning the platform, which is something that the
1:26.2	House of Representatives has kind of sort of voted to do this week.
1:30.6	They voted to pass a bill that either would force
	...

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