“We’ll see you in court.”
The site’s journey from toxic cesspool to trusted news source illustrates the business value of keeping bad actors at bay.
The social media company raised $748 million in the offering. Its shares begin trading on the New York Stock Exchange on Thursday.
The site, a throwback to an earlier era of social media, is poised to go public as soon as next week. It hasn’t been easy to reach this point.
The site, a throwback to an earlier era of social media, is poised to go public as soon as next week. It hasn’t been easy to reach this point.
The message board site, founded in 2005, detailed its financial performance in a filing. It is the last of an early generation of social media companies to aim for a public offering.
As the social media site matures, its users and moderators have made their displeasure about corporate changes known, putting the company into a bind.
Volunteer moderators closed off access to numerous subreddits and denounced the platform’s pricing plan for developers of popular outside apps used to navigate the site.
The internet site has long been a forum for discussion on a huge variety of topics, and companies like Google and OpenAI have been using it in their A.I. projects.
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