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The House committee investigating the January 6th attack on the Capitol has issued subpoenas to four major tech companies, including Alphabet, Meta, Reddit and Twitter, for documents related to the spread of election disinformation on social media and the use of platforms by violent extremists. Bennie Thompson, the…

Meme stock engine and message board giant Reddit moved a step closer to a public offering, launching the process this week via a confidential filing with the SEC. It's been a frenetic year for initial public offerings, with IPOS of more than 900 companies after many businesses and investors sat out an uncertain 2020…

The Real World and Keeping Up With The Kardashians producer Bunim/Murray is behind a comedy competition series for social media site Reddit. It marks the aggregator and discussion board firm's first move into live original content. Reddit, which is one of the most visited websites in the world, will air daily…

Citing progress on a number of fronts, Reddit announced this morning it plans to raise an additional $700 million, valuing the company at more than $10 billion. The late-stage Series F financing round will be led by Fidelity Management and Research and will involve other existing investors in the company. The influx…

UTA has signed Alexis Ohanian, founder of Seven Seven Six and former executive chairman of Reddit, in all areas. The agency said it will “help magnify Ohanian's business across speaking, books, podcasts, television, film, brand partnerships” and elsewhere. Ohanian, who is married to tennis star Serena Williams…

EXCLUSIVE: Netflix is making a screen rights deal for We Used to Live Here, a psychological thriller novella by Marcus Kliewer that got the town in a tizzy when it was shopped last week. Blake Lively is attached to star and produce with Kate Vorhoff through Lively’s B for Effort banner, along with Ground Control…

AMC Entertainment shares have more than doubled this week with a 45% surge — and still rising — on Thursday that catapulted the exhibitor past a $12 billion market capitalization. Retail traders on social media swore they’d keep buying, and not sell. AMC CEO Adam Aron has said that more than 3 million individual…

Shares of Endeavor Group Holdings surged over the past two days as the company hit a market cap of $18 billion — nearly double its initial $10 billion valuation in SEC documents pre-IPO. Volatility's very common with initial public offerings. But as Wall Street assesses the company's business and prospects, another…

UPDATED with AMC proxy figures, Aron’s 2020 compensation: In one of the few interviews he has granted during AMC Entertainment’s white-knuckle 2021, CEO Adam Aron hailed the reopening of New York City and shared his thoughts on the “Reddit rally.” Speaking with CNBC (watch the full segment above) on Friday, he said…

Vlad Tenev, founder of retail stock trading app Robinhood, told a House Committee on Thursday that "the financial system should be open to everyone," including frenzied buyers of GameStop and AMC Entertainment whipped up by a Reddit chatroom. He apologized profusely that a funding rule had forced the app to…

A five-second guerilla marketing ad by the Reddit subreddit r/wallstreetbets got a message across in a blink-and-you’ll-miss-it moment just after halftime. The community was using a GoFundMe to raise money for an ad, but couldn’t reach the lofty mark in the short-time before the game. So instead, it opted to blast out…

AMC Entertainment and GameStop shares dipped Thursday amid high-level meetings to discuss recent trading convulsions and as Reddit users argued furiously on the now-infamous WallStreetBets chatroom about whether to fold or fight. GameStop shares are down 34%, extending Wednesday's losses. AMC Entertainment has slipped…