Reddit, the widely used social media platform, is targeting a valuation of up to $6.4 billion as it prepares to offer its shares to the public next week. The company plans to list on the New York Stock Exchange, but it has not yet made a profit. According to a U.S. filing, Reddit seeks to…
Reddit has introduced a new initiative to compensate its top contributors with cash for their popular posts, starting in the US on Tuesday. Under this system, the social media platform will share its revenue with users who receive "gold" awards from other members, who pay a fee for this recognition. Gold awards will be priced…