Friday, April 5, 2024

US brokerages start Reddit coverage with doubts over turning a profit

U.S. brokerages express doubts about Reddit's profitability and meme stock potential. Bernstein rates 'underperform,' Baird 'neutral.' Reddit faces engagement challenges, struggles with ad tools and ad base growth, while shares fall below debut price.

from Tech-Economic Times https://ift.tt/8YTKfLI

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...