Trading kicked off at $47 per share and shot up to $57.80, a 70% spike, during the day. The company and its shareholders raised an estimated $750m, with Reddit pocketing approximately $519m. Its current market cap sits at $9.5bn. The success of the IPO at this price appears to back up the company’s decision to…
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Reddit issued a statement on its website saying: With this partnership, and via our Data API, we’re ushering in new ways for Reddit content to be displayed across Google products by providing programmatic access to new, constantly evolving, and dynamic public posts, comments, etc., on Reddit. The social network forum also filed its intention to…
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Germany’s Federal Financial Supervisory Authority (BaFin) filed criminal complaint on Thusrday against one of its employees for suspected insider trading in payments company Wirecard. BaFin said that the employee of the securities supervision department sold structured products based on Wirecard on 17 June 2020. The date is one day before Wirecard’s auditor EY found that 1.9…
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The official announcement stated: In many ways, this collaboration started with the Scaling Bake-Off that we hosted in this community with the Ethereum Foundation. In this new stage of our partnership, immediate efforts will be focused on bringing Ethereum to Reddit-scale production. Our intention is to help accelerate the progress being made on scaling and…
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It's not just Retail Forex brokers which face DDoS attacks. Twitter, Spotify, Reddit, and many other huge websites were reported as down or screwed up this morning. This was happening as hackers unleashed a large distributed denial of service (DDoS) attack on the servers of Dyn, a major DNS host. It’s probably safe to assume…
Read moreThe onset of acceptance by mainstream firms and stabilizing of values despite exchange collapses and government disdain paints a brighter future for Bitcoin.
Read moreApple revises its terms and conditions to facilitate Bitcoin app availability via App Store - Could this be the gateway to a new phenomenon?
Read moreIn the aftermath of various virtual currency exchange demises, Coinsetter holds its head up high and announces new innovations. Could it be taking a long term view?
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