Reddit’s IPO Will Test Investors’ AI Gullibility

IPO watchers are gearing up. We’re likely only a couple of weeks away from the next high-profile IPO, this time of Reddit, a social media service. The first big-name tech debut since last fall’s flurry of offerings from Instacart, Arm and Klaviyo, Reddit’s debut presents a test of investor gullibility. The company has suggested in its IPO filing—and some on Wall Street are echoing the case—that the company could benefit from licensing its user “data” (posts and comments on the …

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