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Moderating Reddit: the IPO, the Community, & a History of Bad Blood 03/22/24

Podcast |: Squawk Pod
Publisher |: CNBC
Media Type |: audio
Podknife tags |: Business,; Business News,; Interview,; News & Politics
Categories Via RSS |: Business,; Business News,; Investing,; News
Publication Date |: Mar 22, 2024
Episode Duration |: 00:35:31

Description
iTunes Summary

ipo-rddt-starts-trading-on-nyse.html">Reddit, after 19 years, is a public company. After listing on the NYSE, shares of the social media platform popped, pushing the market cap to $9.5B. The company offered some of its users and power-users-balk-at-chance-to-participate-in-ipo-as-debut-nears.html">moderators an opportunity to buy into the IPO, but CNBC.com reporter Jonathan Vanian explains that many chose not to do so. In a conversation exclusive to Squawk Pod, Vanian recounts the long, complicated road to a Reddit debut, and he looks ahead to the risks that remain in the tenuous dynamic between Reddit leadership and reddit-revolts-and-what-they-mean-for-the-companys-ipo-plans.html">moderators with a history of revolt. One of those moderators, Courtnie Swearingen, co-led a Reddit moderator protest in 2015 and explains her hopes and concerns for Reddit’s future. CNBC’s Kate Rogers explains the productivity gap in this work-from-home era, and CNBC’s Steve Kovach explains the doj-antitrust-suit-company-faces-years-of-distraction.html">Department of Justice’s antitrust lawsuit against Apple. Plus, airline CEOs want a meeting with Boeing’s board–but not with its CEO.

Kate Rogers - 16:41

Jonathan Vanian - 24:22

Courtnie Swearingen - 29:05

In this episode:

Jonathan Vanian, @JonathanVanian

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY

Reddit, after 19 years, is a public company. After listing on the NYSE, shares of the social media platform popped, pushing the market cap to $9.5B. The company offered some of its users and moderators an opportunity to buy into the IPO, but CNBC.com reporter Jonathan Vanian explains that many chose not to do so. In a conversation exclusive to Squawk Pod, Vanian recounts the long, complicated road to a Reddit debut, and he looks ahead to the risks that remain in the tenuous dynamic between Reddit leadership and moderators with a history of revolt. One of those moderators, Courtnie Swearingen, co-led a Reddit moderator protest in 2015 and explains her hopes and concerns for Reddit’s future. CNBC’s Kate Rogers explains the productivity gap in this work-from-home era, and CNBC’s Steve Kovach explains the Department of Justice’s antitrust lawsuit against Apple. Plus, airline CEOs want a meeting with Boeing’s board–but not with its CEO. Kate Rogers - 16:41 Jonathan Vanian - 24:22 Courtnie Swearingen - 29:05 In this episode: Jonathan Vanian, @JonathanVanian Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY