Reddit has acknowledged a latest cyberattack that resulted within the theft of delicate firm data. The corporate referred to the breach in a safety alert as a “subtle and highly-targeted phishing assault”. Read more about the cyberattack at Reddit.
Social media platform Reddit Inc is seeking to go public later this yr, seemingly within the second half, the Data reported on Tuesday, citing individuals conversant in the matter.
Reddit and different companies together with grocery supply agency Instacart are retaining their preliminary public providing paperwork updated, in preparation for his or her debuts when market situations enhance, the report added.
Reddit didn’t instantly reply to Reuters’ request for remark.
The IPO market had come to a digital standstill final yr with a number of high-profile listings on ice as a selloff in high-growth tech shares and volatility within the capital markets soured investor sentiment.
In December 2021, Reddit had confidentially filed for an preliminary public providing with the U.S. securities regulator, after the corporate’s message boards turned the go-to vacation spot for day merchants throughout the meme inventory frenzy.
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