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Reddit Said to Price IPO at $34 a Share, in a Positive Sign for Tech
The social media company raised $748 million in the offering. Its shares begin trading on the New York Stock Exchange on Thursday.The New York Times - Tech -
Big week for tech IPOs Reddit, Astera boosts Morgan Stanley after extended lull
Morgan Stanley captured the coveted lead left spot on IPOs for Reddit and Astera Labs this week.CNBC - Business -
Reddit’s IPO Is a Content Moderation Success Story
The site’s journey from toxic cesspool to trusted news source illustrates the business value of keeping bad actors at bay.The New York Times - Tech -
Blowout Reddit debut raises hopes of revival in dormant IPO market
Other companies could be emboldened by the social media group’s successful listing, say bankersFinancial Times - Business -
Reddit's IPO Surges on Back of AI Hype, but It May Not Last Forever
Investors are pumped about the social platform's ability to train large language models, but will they stay for the long haul?Inc. - Business -
Reddit shares rise 30% to start week after social media company's IPO
Reddit shares climbed 30% to $59.80 at the market's close on Monday.CNBC - Business -
Alibaba scraps IPO of logistics unit Cainiao, says it will take full ownership
Alibaba said Tuesday it is cancelling the proposed initial public offering of its Cainiao smart logistics unit.CNBC - Business -
Alibaba Scraps Logistics Listing as Hong Kong IPO Woes Worsen
The Chinese internet company has abandoned plans to list Cainiao, dealing a blow to Hong Kong’s beleaguered initial public offering market.The Wall Street Journal - World - Hong Kong -
Most Americans support cannabis legalization for medical, recreational use: Pew
Story at a glance Most Americans — 88 percent — think cannabis should be legal for medical or recreational use, according to a recently published Pew Research Center survey. Close to six out of 10 Americans believe marijuana should be legal for ...The Hill - Politics -
Alibaba logistics unit ends IPO plans in further setback for effort to unlock value
Months after calling off a planned spinoff of its cloud-computing unit, Alibaba said its logistics unit will forego initial-public-offering plans as well.MarketWatch - Business -
Reddit investors shrug off hold rating, bid up stock another 9% as post-IPO rally continues
Reddit's post-IPO rally continues, despite the company receiving a hold rating from a prominent analyst.CNBC - Business -
Alibaba abandoned plans to list its logistics arm, dealing a blow to Hong Kong's beleaguered IPO market.
Alibaba abandoned plans to list its logistics arm, dealing a blow to Hong Kong’s beleaguered IPO market.The Wall Street Journal - World -
Reddit IPO is telling stock investors what they should know about the market now
A growing ‘wall of worry’ that U.S. stocks are entering a period of irrational exuberance.MarketWatch - Business -
Free vapes could 'save thousands of lives', report says
Trial finds group offered vape kits and referred for support were 76% more likely to give up smoking.BBC News - Top stories -
‘Apple is going to war’: US lawsuit adds to iPhone maker’s antitrust woes
Regulators in Washington and the EU have tech giant in their crosshairs at particularly challenging timeFinancial Times - Business - Apple -
China says it has filed a complaint at the World Trade Organization over US subsidies for electric vehicles
China says it has filed a complaint at the World Trade Organization over US subsidies for electric vehiclesABC News - World - China -
Tech giants grapple with ballooning software supply chain risk, JFrog report reveals
JFrog's Software Supply Chain State of the Union 2024 report reveals ballooning risks, misleading vulnerability scores, and the challenges of AI in coding, urging organizations to prioritize comprehensive security solutions and proactive measures ...VentureBeat - Tech -
Peru dog inspires Facebook community
Yahoo News - World - Facebook -
Justice Department sues Apple and alleges the tech giant has maintained an illegal monopoly on smartphones in the US
Justice Department sues Apple and alleges the tech giant has maintained an illegal monopoly on smartphones in the USABC News - Tech -
China reportedly seeks to block Intel, AMD and Microsoft tech from being used in government computers
Beijing has introduced new procurement guidelines that seek to promote use of Chinese techMarketWatch - Business - China -
Secret files on Galahad bombing to be released
The attack on the Sir Galahad and its sister ship in 1982 killed 48 men, including 32 Welsh guards.BBC News - Top stories -
I ran 'toughest race' to inspire women worldwide
Jasmin Paris made history by becoming the first woman to finish the gruelling 100-mile Barkley Marathons.BBC News - Top stories -
USMNT boss on 3-peat: Inspired by MJ-era Bulls
Thanks to goals from Tyler Adams and Giovanni Reyna, the USMNT defeated Mexico to claim its third Concacaf Nations League crown.ESPN - Sports -
Cannabis rally pushes Scotts Miracle-Gro to ‘fair value’ level: analyst
Raymond James downgrades Scott’s Miracle Gro to market perform after stock rises 15% in 2024.MarketWatch - Business -
Over 500 dengue fever cases reported in US territory
"This year, dengue cases have exceeded historical figures," Dr. Carlos Mellado López, the secretary of the Puerto Rico Department of Health, said in a statement.ABC News - Top stories -
Consumer Credit Lender CURO Files for Bankruptcy Under Heavy Debt Load
Company expects to reduce its debt by roughly $1 billion and save $75 million in annual cash interest payments through restructuring.The Wall Street Journal - World -
Perplexity's Founder Was Inspired by Sundar Pichai. Now They’re Competing to Reinvent Search
Aravind Srinivas grew up in the same city as Google’s CEO and developed an obsession with the company long before launching his own AI search startup.Wired - Tech -
'Shoot, I'd commentate': Theegala has muni-inspired idea for Tour
With the Houston Open at Memorial Park this week, Theegala wants more regular golfers to discover just how hard PGA Tour setups are.Yahoo Sports - Sports -
‘It just came out’: Eric Cantona reveals inspiration for 1995 seagulls comment
Former Manchester United star says his near-30-year silence on subject has been his revenge on the press . It was one of the most baffling utterances ever made by a footballer.. When Eric Cantona said at a 1995 press conference: “When the seagulls ...The Guardian - World -
Hot Wheels Reveals Fidget Spinner-Inspired Vehicle For Autism Acceptance Month
Hot Wheels has revealed a new vehicle called the Flippin Fast die-cast ahead of Autism Acceptance Month in April, saying it based the design of the new toy on a fidget spinner to allow for open-ended sensory play.. The new car sports a unique ...GameSpot - Tech -
Watch Purdy give inspiring speech to Iowa State women's hoops team
Star 49ers quarterback Brock Purdy showed up for his alma mater after the Iowa State women's basketball team lost in March Madness on Sunday.Yahoo Sports - Sports -
8BitDo's Commodore-Inspired PC Gaming Keyboard Comes With An Arcade Stick
8BitDo has revealed a new addition to its line of retro-themed mechanical keyboards, and this time, the company has been inspired by the Commodore 64. Like the Famicom and NES gaming keyboards, the Commodore 64 edition is a tenkeyless device with ...GameSpot - Tech -
School takes a stand to stop teen toilet vaping
The Royal High School in Edinburgh is installing "screaming" vape detectors in toilets to tackle the problem.BBC News - Top stories -
Disposable bans will not work, says vape boss
British American Tobacco boss says bans overseas are not "effective" and the illegal market is large.BBC News - Top stories -
Brussels blasts Big Tech
Also in this newsletter: UN Security Council calls for ceasefire in Gaza, UK accuses China of cyber attacks, neurodiversity in the workplaceFinancial Times - World -
The Brazilian teen who scored winner against England
He is the Wembley history maker who has been likened to Romario - but who is Brazil's latest wonderkid Endrick?BBC News - Top stories -
What New Jersey did right — and New York did wrong — with recreational-cannabis launches
New Jersey is now on track for $1 billion in cannabis sales, while New York is launching an overhaul of its licensing program as illegal shops flourish in the state.MarketWatch - Business - New York -
Canopy Growth rally continues with 28% gain after recent talk about federal cannabis reforms
Cannabis stock Canopy Growth has been rising sharply since March 14 and has gained 140% in the past week.MarketWatch - Business -
Russia extends arrest of US reporter Evan Gershkovich. He has already spent nearly a year in jail
A Moscow court has ordered Wall Street Journal reporter Evan Gershkovich to remain in jail on espionage charges until at least late JuneABC News - World - Russia