Just a week before Reddit’s initial public offering (IPO) went live in the New York stock exchange, potential investors in the company were thrown a bucket of cold water. The company disclosed that the Federal Trade Commission (FTC) had launched an inquiry on its data licensing practices. As Reddit itself noted in its IPO prospectus, the FTC inquiry introduces uncertainty which might affect present and future business practices. Fortunately for the company, the IPO was a resounding success, despite the FTC’s meddling.
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