Day: March 21, 2024
Reddit Experiences 38% Surge as Shares Hit the Market
Reddit shares surged about 38% on Thursday in their stock market debut, indicating strong investor interest that could pave the way for more tech companies to go public this year. The social media company’s stock opened at $47, up from its IPO price of $34, pushing its market cap to $9.2 billion. Founded in 2005 […]
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Navigating the Complex Landscape: The Myriad Challenges Confronting Apple
For over a decade, Apple has enjoyed a virtually flawless record. The iPhone propelled it to become the world’s top company, the App Store nurtured businesses like Uber and Airbnb, and new products expanded its presence in health, Hollywood, and finance. However, challenges are mounting. The Justice Department recently filed an antitrust lawsuit against Apple […]
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Apple Faces Lawsuit for Allegedly Maintaining iPhone Monopoly in the U.S.
The Justice Department and 16 state attorneys general filed an antitrust lawsuit against Apple on Thursday, the federal government’s most significant challenge to the reach and influence of the company that has put iPhones in the hands of more than a billion people. The government argued that Apple violated antitrust laws by preventing other companies […]
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How Reddit’s I.P.O. Highlights the Success of Content Moderation
Redditors were outraged by these changes — and Mr. Wong’s replacement as CEO, Ellen Pao, was driven out by a swarm of angry users — but the company’s transition to respectability was a clear success. Reddit’s reputation has steadily improved under a co-founder, Steve Huffman, who returned in 2015 to lead the site as CEO, […]
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