Reddit to the masses

1. Reddit wants to go public
   
   Reddit, the social media giant, wants to become a public company. They've filed for their IPO, which shows their financial situation. Despite making a lot of money, they're still not profitable. But lately, they've been doing better financially.
   
   Before going public, Reddit plans to let some of its users buy shares. They've also made a deal with Google that could bring in more money. Reddit has many users and can make a lot of money from ads.
   
   If their IPO goes well, it might encourage other tech companies to do the same. This could help investors who've been waiting to cash out.
   
   

2. Avast is secretly selling its users’ browsing data to advertisers
   
   The FTC banned Avast from selling users' web browsing data to advertisers and fined them $16.5 million. Avast promised to protect user privacy but sold their data to companies.
   
   The data included personal info like religious beliefs and health concerns. Avast shut down its data-selling subsidiary, Jumpshot, after the FTC investigation.
   
   

3. Big fight between Klarna’s board members
   
   Sequoia Capital, a big investor, added a new person to the board of Klarna, a European financial tech company. This came after disagreements between Klarna's founders and Sequoia's former partner.
   
   There was a fight over who should lead Klarna. At first, Sequoia wanted changes, but then they changed their mind and supported Klarna's current leader, Michael Moritz. The fight was mostly about Klarna's co-founders, Sebastian Siemiatkowski and Victor Jacobsson.
   
   Klarna faced some problems, like losing value and having arguments inside the company. Despite this, Klarna plans to go public soon. They replaced the Sequoia board member, Matthew Miller, with Andrew Reed

See you tomorrow!

The Business Nerd 😎