🚦 Reddit, set, IPO!

🚦 Reddit, set, IPO!

Reddit has finally publicly filed to go public on the New York Stock Exchange under the ticker "RDDT". It's a move the company wanted to make for a while, but the market downturn forced it to pump the breaks.

The company still struggles with profitability. The online forum website brought in $804 million in revenue in 2023, with a net loss of just under $91 million. Read more.

👗 Too Fast Too Fashion

Rival e-commerce companies Shein and Temu are upending the air freight business as they race to ship products directly to international customers via plane, leading to a bidding war that’s quickly making overall services more unaffordable. Read more.

🌕 Moon Landing Nailed

Intuitive Machines successfully landed on the moon today. They are the first company to pull off a moon landing — government agencies have carried out all previously successful missions. Read more.

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