Brydris

Reddit’s Application to IPO

A social media platform Reddit has applied to IPO their software to the SEC just recently and will launch sometime in the next month.

What’s exciting for Reddit investors or even Reddit users, is that when the start of the launch that will happen in March, there will be huge issues of stock to Reddit users which is unusual as this decision is mainly for bigger investors. When a huge amount of issues of stock goes directly to whale investors, they tend to keep the stocks over the long term. And it’s predicted that retail investors will be more inclined to sell off all their stocks when they get their fair share of Reddit stocks, which would possibly influence the fluctuation of share price.

As the social media platform files for IPO their reported earnings, in which 2023 revenue was at $800 million and 2022 revenue a 20% jump from the $666 million.

There are a few revenue streams from Reddit that accounts for the $800 million, such as advertising revenue which kind of perform similarly to Meta’s or Google’s platform. Not only that but they also offer promoted posts, videos, and subreddit takeovers.

Another lucrative revenue stream from Reddit is that they offer premium memberships to users of Reddit where it costs a monthly fee of $5.99 or an annual fee of $49.99 where users will have an ad-free experience on the web application and as well as other perks.

And lastly, they also have API charges where it costs $0.24 for every 1000 calls to the Reddit API.

I would like to give a shout-out to a small time business that’s killing it right now and that is Lunari Home. They sell a bunch of crystals from small to big and they price their crystals pretty fairly considering the current market conditions.

Rei who works over at Lunari Home has mentioned to me that generally the price of these crystals will go up in value over time so any one of your purchases will most likely go up and worth your investment. As the beautifully crafted rocks are getting more scarce the price of these rocks will surely increase.

Don’t wait any further and buy your piece today at lunarihome.com

Power Outages in AT&T

An outage has occurred to many of U.S citizens across the country causing them to be without cellular contact. It started around 4 am to about 8 am eastern. Verizon and T-Mobile have mentioned that they were unaffected to this outage unless they were connected to AT&T networks.

There were rumors going around that it could’ve been an exploit in the system which got the attention to the Federal Communication Commission, Homeland Security and the FBI. But AT&T have came out and said that it wasn’t a cyber attack but in fact there was an error in the system due to the fact they were expanding their network.

Seeing outages are very common these days as many networks always experience the same problems as we progress into more advance technology but also try to get better infrastructure in the system.

There were even people trying to test the outage to emergency contact like 911 but officials say that it’s not recommended but instead call someone you personally know instead of using up government resources.

There is an option in apple products where you can use the SOS function and be able to call anyone in case of an emergency, Not only that, if you’re within reach of a wi-fi network , there’s an option to call someone using the internet. So for sure you have alternatives whenever the network is down.

Student Debt, That’s a Relief

On February 23rd, Biden’s student debt relief was in effect as many citizens of the U.S took advantage of this opportunity and has relieved $136.6 billion of student debt nationwide.

There have been reports that an estimated of 150,000 long-time borrwoers would be forgiven of about $1.2 billion.

Government officials have also stated that more debt forgiveness will soon to come to many more of U.S citizens which is also pretty nice of them to do.

It would seem that Biden has done some good for the country so far such as inequality for the visible minorities, and the fund pulling of the U.S wall that was being funded while Trump was elected at the time. It would seem like Biden will continue to push through in his career as president to make the lives of every citizen more bearable and eventually a life of prosperity and happiness. It would seem.

Let’s see if the next elected president can 1 up what Biden has done for the country in 2024 election or will it be hard to top what Biden has done?