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Sam Altman’s Reddit stake worth over $600 million after NYSE debut

by Walter Watson
Sam Altman’s Reddit stake worth over 0 million after NYSE debut

OpenAI CEO Sam Altman says he has no equity in the $80 billion artificial intelligence startup he co-founded in 2015. His Reddit ownership is another matter altogether. Following Reddit’s stock …

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(RDDT) starts trading on NYSE

by Ron Morgan
(RDDT) starts trading on NYSE

Reddit shares jumped as much as 70% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in …

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Reddit prices IPO at $34 per share, valuing company at $6.5 billion

by Edgar Davis
Reddit prices IPO at  per share, valuing company at .5 billion

In this photo illustration a Reddit logo is seen displayed on a smartphone. Mateusz Slodkowski | Sopa Images | Lightrocket | Getty Images Reddit, the 19-year-old website that hosts millions …

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OpenAI CEO Sam Altman stands to net millions as Reddit goes public

by Ron Morgan
OpenAI CEO Sam Altman stands to net millions as Reddit goes public

OpenAI CEO Sam Altman speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images OpenAI CEO Sam Altman will be …

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Stock market today: Live updates

by Walter Watson
Stock market today: Live updates

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 6, 2024.  Brendan McDermid | Reuters U.S. stock futures hovered near the …

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AI lobbying spikes 185% as calls for regulation surge

by Edgar Davis
AI lobbying spikes 185% as calls for regulation surge

Artificial intelligence-related lobbying reached new heights in 2023, with more than 450 organizations participating. It marks a 185% increase from the year before, when just 158 organizations did so, according …

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Klarna to debut $7.99 monthly plan ahead of IPO

by Anas Siddiqui
Klarna to debut .99 monthly plan ahead of IPO

Swedish buy now, pay later firm Klarna unveils a $7.99 monthly subscription plan called Klarna Plus Courtesy: Klarna Swedish fintech firm Klarna is launching a monthly subscription plan in the …

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Tech stocks wrap up 2023 rally after last year’s slump

by Walter Watson
Tech stocks wrap up 2023 rally after last year’s slump

The Nasdaq MarketSite in the Times Square neighborhood of New York, on Tuesday, May 31, 2022. Michael Nagle | Bloomberg | Getty Images Tech stocks rebounded from a disastrous 2022 …

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Startup bubble fueled by Fed cheap money policy finally burst in 2023

by Walter Watson
Startup bubble fueled by Fed cheap money policy finally burst in 2023

Scooters take over SXSW in Austin, TX As the last decade came to an end, it was easy for a young engineer to hop on a Bird scooter and ride …

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2024 CNBC Disruptor 50 list nominations

by Walter Watson
2024 CNBC Disruptor 50 list nominations

CNBC is now accepting nominations for the 2024 Disruptor 50 list — our annual look at the most innovative venture-backed companies using breakthrough technology to meet increasing economic and consumer …

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