What to Watch as Reddit Goes Public

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 21 March 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Since its founding in 2005, social-media platform Reddit has built a business as a free online hub where users talk about things that interest them within user-led communities. Now, as the company goes public, its leadership will see if investors are as enthusiastic as its users. WSJ reporters Sarah Needleman and Hannah Miao tell host Alex Ossola about Reddit’s background, what makes this IPO unique and what it could mean for the market. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	OCI is the single platform for your infrastructure, database, application development, and AI needs.
0:07.0	Do more and spend less like Uber 8 by 8 and DataBrix Mosaic.
0:12.0	Take a free test drive of OCI at Oracle.com
0:15.5	slash Wall Street.
0:17.2	Welcome to Tech News Briefing.
0:22.4	It's Thursday March 21st. I'm Alex Osila for the Wall Street Journal.
0:27.0	Coming up on today's show, Social Media Platform Reddit is going public and shares are expected to start trading today.
0:34.0	We'll find out what an IPO means for the company that fueled meme stock
0:37.5	mania and what it could mean for the broader market from W.S.J.
0:41.0	reporter Sarah Needleman and Hannah meow.
0:44.0	And then, Waymo's driverless taxis are hitting the highways of Phoenix, Arizona.
0:48.8	W.S.J. reporter Megan Babrowski tells us why that's a crucial step for the self-driving car industry.
0:57.0	First up, Reddit has built a business as a free online hub where users post about things that interest
1:02.2	them within user-led communities.
1:04.0	The site's 73 million daily active users talk about everything from social etiquette to
1:09.5	trading stocks. Now as the company makes its stock market debut, it'll be a test to see if investors
1:16.1	are as enthusiastic about Reddit as its users are.
1:18.9	W.S.J. reporter, Sarah Needleman and Hannah Meow, are here to tell us more about how Reddit got to this point
1:24.5	and what they will be keeping an eye on in the weeks ahead.
1:27.4	Sarah, let's start with you.
1:28.8	Tell us a little bit about the company's trajectory and its leadership.
1:32.3	This is an interesting company.
	...

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