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Reddit Confidentially Files for a Proposed IPO, Looking for Valuation Over $15 Billion

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Reddit Confidentially Files for a Proposed IPO, Looking for Valuation Over  Billion

The social media company Reddit announced that it has secretly applied for an initial public offering (IPO). The document was submitted to the US Securities and Exchange Commission on Wednesday.

Reddit did not disclose the number of shares to be offered for sale or the price range of the IPO in its statement. It has not disclosed the valuation it will seek in the IPO. However, Reuters reported in September that Reddit’s valuation will exceed $15 billion.

As of October last year, Reddit had approximately 52 million daily active users and more than 100,000 communities, or “sub-Reddit.”

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On one such sub-Reddit, WallStreetBets, users almost immediately began to discuss the company’s move to introduce an IPO. Some users worry that the stock listing marks the beginning of the end of Reddit’s freewheeling culture, while others see opportunities for more fun-and potential profits. Surveillance is clearly a problem. “KetoIsRacist” predicted “large-scale censorship.” At the same time, “wearethesamewave” is convinced that the company has added advertising to show that change is coming.

Reddit was founded in 2005 and has become one of the most influential social media companies in the world over the years. The site provides message boards on various topics.

Since its inception, Reddit has experienced a roller coaster. It was founded by Steve Huffman and Alexis Ohanian, but was acquired by Condé Nast in 2006. This changed the structure of the company to differentiate it from other contemporary social media such as Twitter and Facebook.

Hoffman returned to the helm in 2015, but before Reddit experienced some other CEOs.

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Complete News Source : Hindustan Times

$92.8 million

Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

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Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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