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 significance of Reddit's IPO pricing at $34 a share?

What are the anticipated changes that Reddit users are nervous about regarding the IPO?

How has Reddit's CEO Steve Hoffman impacted the community's perception of the platform?

What were the reasons behind Reddit's decision to charge developers for API usage?

In what ways did Reddit's changes mirror those made by Elon Musk to Twitter?