Reddit is getting ready to sell some of its shares to the public after nearly 20 years. They filed paperwork to do this, but they haven’t said how much money they want to raise.
Reddit is famous for being a place where people can talk about anything. It’s super popular, with millions of people visiting every day.
But even though it’s big, it hasn’t made much money. Now, Reddit wants to change that by making more from ads and maybe even selling stuff on the site.
They’re also teaming up with Google to use their content for artificial intelligence. Reddit’s move to sell shares is a big deal because it hasn’t happened for a social media company in a while.
Some Reddit users are excited, while others are cautious. Either way, it’s a big step for the company that started as just a message board.
(Adapted from BBC)
https://www.bbc.com/news/business-68372755