All articles tagged with #bloomberg news
Reddit and its investors are aiming to raise up to $748 million in its initial public offering, with plans to sell 22 million shares at a price range of $31 to $34 per share, according to Bloomberg News.
Elon Musk's social media platform X is projected to see a significant drop in ad sales, with 2023 sales estimated to fall to around $2.5 billion. This comes after several companies, including Comcast and Walt Disney, paused their advertisements on the platform following Musk's agreement with a post that made controversial claims about Jewish people. Ad sales make up a significant portion of X's total revenue, and the company is expected to fall far short of its targeted $3 billion in revenue from advertising and subscriptions in 2023.