Reddit IPO Becomes Official 🖥️ SMCI VIST 📈 RIVN RUN 📉

FlowBank's hand-curated fresh financial news [header_noDither] Reddit IPO Confirmed, A New Era for Social Media Giants Reddit has officially filed for an IPO, planning to list on the New York Stock Exchange under the ticker symbol RDDT, marking a significant moment as the first major tech and social media IPO since Pinterest in 2019. With a history of net losses despite increasing annual sales, Reddit is aiming to enhance its revenue streams through advertising, search capabilities, artificial intelligence, and new tools for community engagement. The company also plans to develop a data-licensing business and create a more robust user economy potentially involving digital and physical goods exchanges. Despite potential risks and past fluctuations in user engagement, Reddit is offering a unique opportunity for its community moderators to participate in the IPO, indicating a commitment to its user base and community-driven model. WHAT'S MOVING [Group 1742 (33)-1] [Start Trading](113/cXx8Z04/MW3vK1lc0W3W79Y12S2NznNXW6y9Q6959SFdcMkNll22-ZVTW6N1vHY6lZ3n2W6kWH6r8V7C6YW6XD2D57PVRbFW6LfS_p5RGXHxW5PnXGb4XWn--W12MPl26VXs-zW1Q28NM7BwNbDW57Ghf_3sXJc3W10Kwjl622pY2W53TV066-cXn8W5JmHWv3bv-M3W7KnmKz4VmbfSW6sngSF2tsbKRW6Q6DPC95zLrwW5Jp4v78Xr4yMW2J-G6z7xFYBtW2ftc7l1YlBstW8V43sX3-Tp7GW4GglG47qz6rYW5d469Y25wwRyW8sK-jD84mM28W3jxldy8fs28-W2V9FfV5CBMG9f5rpSW404) [Group 3 (33)-2] Nvidia Nvidia's shares surged 16% after reporting a 265% revenue jump and a 769% net income increase, driven by AI demand, boosting investor confidence and elevating global chip stocks. [Group 1752 (23)] Standard Chartered Standard Chartered reported an 18% profit increase in 2023, hitting $5.09 billion, and announced a $1 billion share buyback along with a dividend rise, despite facing a significant impairment from its stake in Bohai Bank amid China's economic challenges. [Group 1750 (30)] Sam Altman OpenAI CEO Sam Altman, with a 9.2% voting stake in Reddit from investments since 2014, stands to gain significantly as Reddit moves towards an IPO, reflecting his long-term engagement and belief in the platform's community-driven value. WHAT'S COMING UP? EUR: German Business Expectations (Feb): Exp. 84.0 v Prev. 83.5 EUR: German Current Assessment (Feb): Exp. 86.7 v Prev. 87.0 EUR: Ifo Business Climate Index (Feb): Exp. 85.5 v Prev. 85.2 IN OTHER NEWS Wall Street Stock futures remained steady on Friday, following a significant rally in the S&P 500 and Nasdaq Composite, marking their strongest performance since the start of 2023. Dow Jones futures saw a slight increase of 0.1%, while S&P 500 futures rose marginally by 0.07%, and Nasdaq 100 futures showed no change. [Group 1769] Europe European stocks advanced on Thursday, propelling the Stoxx 600 index to a historic closing high, as market participants digested corporate earnings and optimistic economic indicators for the region. The index closed up 0.82% at 495.1, exceeding its last record close of 494.35 set on January 5, 2022. MARKET INSIGHTS Forex Trading Weekly Outlook: Is The USD On A Launchpad? Last week, the release of January's US inflation data, which surpassed expectations, initially rattled currency markets. The dollar surged against all counterparts, buoyed by a reassessment of future rate projections. However, as investors digested the data, the dollar retraced its gains in later sessions. 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