Reddit's IPO anticipated to be at top of target range

Reddit is set to go public with an IPO priced at $34 per share, valuing the company at $6.5 billion. While the platform is well-known, its users are skeptical about the IPO, with many expecting the stock to plummet. Concerns stem from recent changes by CEO Steve Hoffman, including charging developers for API usage, which has upset the community. These changes aim to increase revenue for the IPO, but have led to backlash from users and developers.

What is the initial public offering (IPO) price per share for Reddit?

• $34

• $20

• $50

• $100

What is the main concern of Reddit users regarding the IPO?

• The platform will become too expensive to use.

• The site will be sold to a competitor.

• The stock price will plummet.

• The forums will be shut down.

How many daily users does Reddit reportedly have?

• 50 million

• 10 million

• 100 million

• 73 million

What change did Reddit implement that upset many developers?

• Charging for API usage

• Banning third-party apps

• Limiting user posts

• Increasing advertising fees

Who inspired Reddit's CEO to make changes similar to those on Twitter?

• Tim Cook

• Jeff Bezos

• Elon Musk

• Mark Zuckerberg