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Medium
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Shifting left your debug thought process
- Jimmy deployed the same architectural pattern in cn-north-1 region (Beijing, China).
- He encountered 'Connection timed out' error when accessing the EBS domain.
- Nginx logs showed no entries, ruling out Nginx proxy as the issue.
- Ports 80, 443, and 8080 are blocked in China by default, requiring AWS support and ICP for usage.
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Tech Story
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Reddit Sees Dip Following Strong NYSE Debut Market Watchers Analyze Share Sale
- Reddit experienced a slight dip of 2.6% in its share price following a 48% surge in its debut on the NYSE.
- Market watchers are analyzing Reddit's successful share sale and its impact on the IPO plans of other tech startups.
- Despite Reddit's lack of profitability, investors welcomed the company with a valuation of $9.52 billion.
- Mixed sentiments among Reddit users raise questions about the sustainability of investor enthusiasm and the company's long-term value.
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Silicon
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Reddit Shares Surge After Successful NYSE IPO
- Social media platform Reddit had a successful initial public offering (IPO) on the New York Stock Exchange.
- Shares of Reddit opened at $47 and rose by 70%, pushing its market cap to $8 billion.
- The company sought a valuation of $6.4 billion but ended up being valued at $8.02 billion.
- Despite never making a profit, Reddit attracted investors with its AI program training ground and data licensing deal with Google.
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Guardian
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Reddit shares soar on first day of public trading
- Reddit shares closed their first day of trading in New York up 48%.
- The IPO valued Reddit at more than $9 billion.
- Parent company Advance Publications stands to earn as much as $1.4 billion from the debut.
- Reddit is yet to turn an annual profit and investors will scrutinize its roadmap to profitability.
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Insider
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Reddit's co-founder is bickering with investors on the company's big IPO day
- Reddit went public Thursday after raising $748 million in its initial IPO.
- Reddit's co-founder, Alexis Ohanian, called out Initialized Capital for not congratulating him by name in their post about the IPO.
- Initialized Capital is a VC firm co-founded by Ohanian and Garry Tan, and it had invested in Reddit's Series A funding round.
- Reddit's first day on the New York Stock Exchange has been successful, with shares opening at $47 apiece.
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Insider
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Stock market today: US stocks extend records on rate-cut optimism
- Stocks rally with Dow and S&P 500 extending record highs.
- Fed keeps rates unchanged, signals three cuts in 2024.
- Reddit soars in first day of trading, closing 48% higher.
- US stocks surge on rate-cut optimism in wake of Fed's monetary policy update.
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Insider
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Redditors who scoffed at getting in on the company's IPO must be kicking themselves
- Reddit stock debuted with a sharp rally, up as much as 70% on its first day of trading.
- Some Redditors expressed disinterest in participating in the IPO, but others bought in and flipped the stock on day one.
- The company allocated 8% of shares to top users and moderators on the platform.
- Given the intraday pop, some users who didn't participate in the IPO might be regretting their decision.
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Tech Story
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Reddit set the price of its initial public offering (IPO) at $34 per share, marking the first social media offering since 2019. Reddit Makes Waves with $6.5 Billion IPO: A Glimpse into the Social Media Titan's Journey
- Reddit's IPO priced at $34 per share, valuing the company at $6.5 billion.
- The IPO marks the first major social media offering since 2019.
- Reddit faces competition from industry giants and seeks to differentiate with its passionate communities.
- Despite challenges, Reddit demonstrates resilience with revenue growth and plans for data licensing.
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Insider
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Reddit jumps 70% in highly anticipated public trading debut
- Reddit stock surged as much 70% as it made its public trading debut on Thursday.
- The stock was priced at $34 per share at its IPO on Wednesday, the top end of expectations.
- Shares of Reddit soared as it made its highly anticipated public trading debut on the New York Stock Exchange.
- Reddit's latest S-1 filing showed that its revenue surged 20% year-over-year in 2023 to hit $804 million.
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Massivelyop
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ArcheAge 2 has been delayed (again), now to some point in or after 2025
- ArcheAge 2 has been delayed yet again and is now projected to release in 2025 or beyond.
- Kakao, the company behind ArcheAge 2, experienced increased operating profits and revenues, but its music streaming segment suffered.
- Kakao is also working on other games, including the global version of Ares Rise of Guardians and publishing Grinding Gear's Path of Exile 2 in Korea.
- The newly announced collaboration with Npixel's Chrono Studio on Chrono Odyssey was not included in the investors' line-up chart.
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Tech Story
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Reddit Offers Its First Significant Social Media Sale Since 2019 At $34 Per Share
- Reddit priced its initial public offering (IPO) at $34 per share, valuing the company at $6.5 billion.
- The IPO raised $519 million and Reddit sold 15.28 million shares.
- Investors are closely watching Reddit's launch after a lackluster IPO period.
- Industry heavyweights like Meta and Alphabet are competitors for Reddit's primary revenue, online advertising.
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Diablo Immortal’s 2024 roadmap promises new class, new zone, and several gameplay updates
- Diablo Immortal's 2024 roadmap promises new class, new zone, and several gameplay updates.
- Highlights include a new class, Paragon system and item system, co-op mode, updates to accursed towers, dungeon updates, new zone, and new helliquary bosses.
- Major Worldstone quests, Cursed Solstice, Hallow's Wake, and second anniversary events are also confirmed.
- Activision-Blizzard, the company behind Diablo Immortal, has a controversial history marked by numerous scandals and was acquired by Microsoft in 2023.
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Blizzard is massively revamping Diablo IV’s itemization systems
- Blizzard announced major revamps to Diablo IV's itemization systems.
- The changes include reducing drops and improving quality, removing undesirable affixes, allowing trade of legendary and unique items, and focusing on crafting and customization.
- The team also promised updates for every class, improvements in hardcore mode, camera zoom, and endgame content.
- PvP will not receive new content, but a PTR with boosted characters will be available from April 2nd to 9th.
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Tech Story
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Steve Huffman’s Lucrative Compensation Stirs Up Public Outcry
- Steve Huffman, the co-founder and CEO of Reddit, faces public outcry over his $193 million compensation package.
- Huffman's compensation surpasses that of CEOs from prominent social media giants.
- Public outrage reignites debates on executive compensation and Reddit's reliance on unpaid moderators.
- Amidst the controversy, Reddit successfully raises $748 million through its IPO, but faces challenges ahead.
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TechBullion
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New York Exchange Records Rally as Federal Reserve Signals Rate Cuts Despite Inflation Challenges
- The New York Exchange witnessed a strong rally as the Federal Reserve signalled potential interest rate cuts.
- Despite challenges posed by elevated inflation, the Federal Reserve's decision has provided reassurance to investors and contributed to positive market sentiment.
- In another major development, social media platform Reddit made its debut as a publicly traded company, marking the largest IPO by a social media company in years.
- Investor interest in Reddit's IPO was high, indicating strong demand and investor confidence.
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