Reddit files for IPO, TikTok tries new safeguards
Reddit files for IPO, TikTok tries new safeguards
1:39

Reddit files for IPO, TikTok tries new safeguards

Tech Industry
Speaker 1: This is CNET. And here are the stories that matter right now, social network platform, Reddit said it confidentially filed a draft registration for a proposed initial public offering with the securities and exchange commission. Reddit did not reveal how many shares would be offered or what valuation it seeks with the IPO. In August, the company announced it had raised an additional 410 million in funding giving it evaluation of more than $10 billion. [00:00:30] TikTok is making tweaks to how it recommends videos in the app. The social video app said it is testing changes to avoid showing people too much of one type of content that could be quote problematic if viewed in clusters, TikTok cited content about loneliness or weight loss as content that could fit this criteria. A new feature is coming to the app as well. The ability to let people block videos associated with words or hashtags, they don't want recommended [00:01:00] in their feed. Speaker 1: On the 1st of December square, Inc announced it would change its name to block. Inc. Block would be the corporate entity that runs the payment platform square as well as the peer-to-peer payment service cash app. Well, a little over two weeks later block is being sued by the tax prep company, agent R block for trademark infringement in a prep us release H and R block says that block Inc competes directly with H and R in several areas. And that block in seeks to confuse [00:01:30] customers by misappropriating the block brand name, stay up to date with the latest by visiting cnet.com.

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