Ryan Gould,
Ryan Gould is a news reporter for Yahoo Finance. He covers stories related to business and finance, including IPOs, mergers and acquisitions, and other market trends.
53%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
50%
Examples:
- The author uses language that suggests they are excited about the success of the company's IPO, such as calling it a 'big tech listing'.
- They mention other successful listings in recent days which could be seen as an attempt to create a sense of excitement around this particular event.
Conflicts of Interest
50%
Examples:
- None
- The article does not disclose any potential conflicts of interest related to the author or the sources of information.
- There are no references to any experts, analysts, or other parties with a stake in Reddit's IPO.
Contradictions
85%
Examples:
- The article claims that losses are shrinking when in fact they have increased from $159 million to $204 million between 2023 and 2018.
- The article states that about 8% of IPO shares will be set aside for Reddit users and moderators but does not disclose any information about the number of shares or how they were allocated.
- The article states that Reddit has a market value of $5.4 billion based on outstanding shares listed in filings with the US Securities and Exchange Commission (SEC) but does not disclose any information about other factors such as stock options or restricted share units which would affect this valuation.
- The title claims that Reddit IPO prices are at the top of range to raise $748 million, but fails to mention that this is only because they were priced above their marketed range.
Deceptions
50%
Examples:
- The article contains several deceptions that could mislead readers about the company's financial situation and performance.
- The author does not provide any context or explanation for the claims made in the article.
- There are no links to external sources or data that would support or verify the information provided.
Recent Articles
Paramount Global's Precarious Position: Skydance-RedBird and Sony-Apollo Bids Face Uncertain Future
Broke On: Friday, 03 May 2024Paramount Global, the owner of CBS and MTV, faces uncertain future as two potential suitors make offers; however, insiders suggest that neither deal may come to fruition. Skydance Media-RedBird Capital Partners and Sony Pictures Entertainment-Apollo Global Management proposals are under evaluation by Paramount's board special committee. Reddit Goes Public: What You Need to Know About the Social Media Platform's IPO
Broke On: Thursday, 21 March 2024Reddit, a social media platform for sharing and discussing content on various topics, is going public. The company was acquired by Condé Nast in 2011 but spun out into a stand-alone entity. Reddit's IPO will be priced at the top of its marketed range, with shares being sold for $34 each on the New York Stock Exchange under RDDT. The IPO is expected to raise $748 million and Condé Nast owns roughly one-third of Reddit's outstanding shares.