Reddit’s Going Public & a Company Landed on the Moon 02/23/24
Reddit has filed for an IPO! The social media company plans to list on the New York Stock Exchange under the ticker RDDT, but Wall Street is asking questions about its business model–and its plans for advertising. Big Technology founder Alex Kantrowitz parses the S-1 filing and the company’s growth trajectory. Spot bitcoin ETFs are available to the masses, thanks to last month’s regulatory approval, and Grayscale CEO Michael Sonnenshein explains where he’s hoping to find his next set of returns. On Thursday, the markets rallied–the Dow Jones Industrial Average clocked its 13th record close so far in 2024, after Nvidia’s knockout quarter. Plus, it’s the first US lunar landing in 50 years, and it’s the first company moon landing ever. Alex Kantrowitz - 15:50 Michael Sonnenshein - 21:58 In this episode: Alex Kantrowitz, @Kantrowitz Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie