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Reddit might once again be flirting with an IPO

TechCrunch

Social media giant Reddit is once again reportedly testing the IPO waters. The San Francisco-based company, co-founded by Steve Huffman, Aaron Swartz and Alexis Ohanian in 2005, is considering going public as early as the first quarter, sources […] © 2023 TechCrunch.

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Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

The line between social networking and gaming is increasingly blurring , and internet incumbents are taking notice. NetEase, the second-largest gaming company in China (behind Tencent), is among a group of investors who just backed IMVU, an avatar-focused social network operating out of California.

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How Tony’s Chocolonely Created a Purpose-Driven (and Profitable) Supply Chain

Harvard Business Review

Supply chains in commodity industries are often characterized by social and environmental abuse. It is an environment rife with social and environmental abuse. They show how Tony’s brought its supply chain partners together to create an altogether new paradigm in which all actors take responsibility for social impact.

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@Jack (Dorsey) quits Instagram, putting the first-name handle up for grabs

TechCrunch

In a post on decentralized social media Nostr , Dorsey shared he deleted the account after years of non-use. Odeo was the organization founded in 2005 by Noah Glass and Evan Williams, that later reformed as the Obvious Corporation which ended up becoming the birthplace of Twitter.)

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The startup landscape has shifted dramatically: Accelerators must adapt or fade away

TechCrunch

Starting a tech company today costs 99% less than it did 18 years ago when Y Combinator was started ( today and 2005 ), largely due to the emergence of cloud technologies, no-code tools, and artificial intelligence. Digital communities and social platforms such as Twitter, Signal NFX, YC’s co-founder matching, and Slack communities (e.g.,

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The Automattic TC-1

TechCrunch

Newspaper magnates were mostly replaced by broadcast moguls, first radio and then TV and cable, and now of course, they are all fighting against the social media tycoons and streaming impresarios who want to capture our attention. Part 3: Acquisitions and future strategy “ Can social and e-commerce transform the future of the open web?

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Doom spending is a designer security blanket for young Americans

The Hustle

Research from 2005 found that people who perceive luck to play an important role in their finances are more likely to realize they need to save money, but less likely to do so. Plus, social media certainly perpetuates spending, with influencers flaunting designer hauls and big-ticket splurges. YoY to $964.4B.

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