How Reddit's IPO Will Impact the Market

Reddit shares quickly popped on the company's first day of trading on the New York Stock Exchange. What will a successful Reddit IPO mean for the larger market? Kara Swisher and Scott Galloway share their thoughts and predictions. #pivot #podcast #reddit

Kara SwisherhostScott Gallowayhost

Mar 22, 202410mWatch on YouTube ↗

EPISODE INFO

Released: March 22, 2024
Duration: 10m
Channel: Pivot
Watch on YouTube: ▶ Open ↗

EPISODE DESCRIPTION

Reddit shares quickly popped on the company's first day of trading on the New York Stock Exchange. What will a successful Reddit IPO mean for the larger market? Kara Swisher and Scott Galloway share their thoughts and predictions. #pivot #podcast #reddit

SPEAKERS

Kara Swisher
host
Scott Galloway
host

EPISODE SUMMARY

In this episode of Pivot, featuring Kara Swisher and Scott Galloway, How Reddit's IPO Will Impact the Market explores reddit’s IPO Pop Signals Return of ‘Animal Spirits’ to Wall Street Kara Swisher and Scott Galloway dissect Reddit’s IPO, noting its $34 offering price, roughly $6.4 billion valuation, and subsequent trading pop that pushed its market cap near $11 billion. They emphasize that Reddit is fundamentally an advertising business, not an AI company, with relatively modest $804 million revenue and persistent losses, plus very weak monetization compared to peers. Galloway frames Reddit’s low monetization as either a massive upside opportunity or evidence the company will never fully figure it out, while Swisher flags regulatory scrutiny and community tensions around data licensing and moderator equity. Both conclude that the success of Reddit’s debut, alongside Astera Labs, is more important as a signal that the long-frozen IPO market may be reopening.

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