Reddit has made a good progress last 2 years and they have reported the profit in billions. And so they are taking the company towards the IPO stock. It is going to be moving away from the public beneficial website to now a profit based company with stock listed on the exchange. They are out on the web for more than 2 decades and now after that much of hustle they have decided to book profits and file for IPO. 

You can check out the IPO document filed for the SEC and all the details given for the class A stock. And there would be possible updates coming out once the SEC approves the stock.

You can see they are applying for the RDDT symbol in the NYSE stock listing. And that would become reality soon. It's just a matter of time. And on the other news there are also other updates coming out for the Reddit as they are ready to embrace the AI models from the Google. They made a deal with the unknown AI company and for which they are going to be binding with the 60M/year funding. 

In this SEC document they have also mentioned about the excess cash converted into the Bitcoin and Ethereum. Though it is very minor set of investment as the document says. The majority of it's stakes are on hold and in high numbers which are not in the crypto. But they are planning on embracing the crypto and once the regulation is passed it would become one of their assets in the near future. 

Looks like slowly the future is being unfold with the sites turning out to become companies. And AI becomes a component being sold in millions for the tech and the data. It just takes a bit of effort to convert this into something valuable. We don't know where things go from here but hoping Reddit remains the place to share content and not becomes yet another Digg that died.