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  Bloomberg

  Reddit Files Publicly for IPO After Two Years on Sidelines

  (Bloomberg) -- Reddit Inc. filed for an initial public offering, confirming its revenue growth and helping to propel a still tenuous resurgence in US listings.Most Read from BloombergNvidia Rises Most in About Nine Months as AI Drives SalesT-Bills Without Tax Bills? This Fund Says It Cracked the CodeStocks Hit New Records as Nvidia Fires Up AI Mania: Markets WrapBiden Touts $1.2 Billion in Student Loan Relief With Eye to 2024AT&T Says Mobile Network Restored as US Starts InvestigationThe San Fra

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  Reuters

  Reddit IPO filing discloses $90.8 million losses, 21% revenue growth in 2023

  The initial public offering (IPO) filing comes almost two decades after Reddit's launch and will be a major test for the platform that still lags the commercial success of social media contemporaries such as Facebook and Twitter, now known as X. In the filing, Reddit reported a net loss of $90.8 million for the year ended Dec. 31 and logged revenue growth of $804 million, up from $666.7 million a year earlier. Reddit was valued at $10 billion in a funding round in 2021 and it is unclear what valuation the company will aim for during its share sale in the coming weeks.

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  Benzinga

  As The Commercial Real Estate Sector's Woes Deepen, This New York Fund Plans To Lend $2 Billion To Troubled Property Owners

  There will always be a group of investors who buy into industries during down cycles because they feel that's when the potential upside is the highest. That's why Ran Eliasaf, who heads The Northwind Group private equity and fund, is planning to make up to $ 2 billion in short-term loans to the struggling commercial real estate sector this year — a capital injection that would be welcome. According to the Mortgage Banker's Association, 20% of the $4.7 trillion in outstanding real estate mortgage

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  The Wall Street Journal

  A $150 Billion Question: What Will Warren Buffett Do With All That Cash?

  The mountain of cash at Warren Buffett’s Berkshire Hathaway just keeps growing. Berkshire’s tally of cash and equivalents has marched skyward for five consecutive quarters, reaching a record $157.2 billion at the end of September. Many are also eager to read any reflections Buffett might share on the life and contributions of Charlie Munger, his longtime partner and friend who died Nov. 28.

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  Benzinga

  How To Earn $500 A Month From Nvidia Stock Ahead Of Q4 Earnings Report

  NVIDIA Corporation (NASDAQ: NVDA) is set to release earnings results for its fourth quarter, after the closing bell on Feb. 21, 2024. Analysts expect the company to report quarterly earnings at $4.64 per share, up sharply from year-ago earnings of 88 cents per share. The company is projected to post revenue of $20.62 billion for the latest quarter, compared to $6.05 billion in the year-earlier quarter, according to data from Benzinga Pro. On Tuesday, Nvidia’s stock experienced a sharp decline of

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  Reuters

  E-commerce giant MercadoLibre's 4th-quarter profit stable after tax hit

  Latin American e-commerce giant MercadoLibre on Thursday reported a $165 million fourth-quarter net profit, as higher sales were offset by a tax hit, with results flat versus the year-ago period. The net profit was dented by two one-off taxes provisions in Brazil totaling $351 million, and came in below the $356 million net profit forecast by analysts polled by LSEG. MercadoLibre said the provisions should not have a material cash impact going forward.