Moderating Reddit: the IPO, the Community, & a History of Bad Blood 03/22/24
Squawk Pod22 Maalis 2024

Moderating Reddit: the IPO, the Community, & a History of Bad Blood 03/22/24

Reddit, after 19 years, is a public company. After listing on the NYSE, shares of the social media platform popped, pushing the market cap to $9.5B. The company offered some of its users and moderators an opportunity to buy into the IPO, but CNBC.com reporter Jonathan Vanian explains that many chose not to do so. In a conversation exclusive to Squawk Pod, Vanian recounts the long, complicated road to a Reddit debut, and he looks ahead to the risks that remain in the tenuous dynamic between Reddit leadership and moderators with a history of revolt. One of those moderators, Courtnie Swearingen, co-led a Reddit moderator protest in 2015 and explains her hopes and concerns for Reddit’s future. CNBC’s Kate Rogers explains the productivity gap in this work-from-home era, and CNBC’s Steve Kovach explains the Department of Justice’s antitrust lawsuit against Apple. Plus, airline CEOs want a meeting with Boeing’s board–but not with its CEO.

Kate Rogers - 16:41

Jonathan Vanian - 24:22

Courtnie Swearingen - 29:05

In this episode:

Jonathan Vanian, @JonathanVanian

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY


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Jaksot(1802)

Another 4.4 Million; Reopening Georgia; Oil, Oil Everywhere

Another 4.4 Million; Reopening Georgia; Oil, Oil Everywhere

Description: The Labor Department’s latest jobless claims report revealed another 4.4 million Americans signed up for unemployment benefits, bringing the five-week total to over 26 million people. Despite backlash from health care officials and President Trump, Georgia’s Governor Brian Kemp plans to begin reopening parts of the state’s economy, including spas, gyms, and beauty salons. A small business owner in Atlanta says she’s not ready. Virginia Senator Mark Warner explains the trouble with reopening state economies without sufficient data. Plus, longtime energy analyst and Pulitzer Prize winner Dan Yergin explains oil’s wild ride, its plummeted demand, and where all of the excess will go.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

23 Huhti 202020min

Special Report | Markets in Turmoil

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Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

23 Huhti 202045min

At-Home Covid Tests; Awash in Oil; U.S. National Economic Council Director Larry Kudlow

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Labcorp has developed the first FDA-approved at-home coronavirus test, available to first responders and frontline workers. Labcorp CEO Adam Schechter explains the process and what’s next in the battle against Covid. As people around the globe stay home, demand for oil has dropped to unprecedented levels, triggering one of the biggest oil routs in history and questions about where to store oil that no one needs. The White House’s voice on economic policy, NEC Director Larry Kudlow, explains the administration’s efforts to keep businesses afloat throughout the pandemic.   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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Special Report | Markets in Turmoil: Federal Aid

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Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

22 Huhti 202048min

Reopening the Economy: Howard Schultz, Connecticut Governor & Fmr. FDA Head

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The price of U.S. crude oil plunged below zero for the first time in history. As the U.S. attempts to look beyond the pandemic, state leaders are planning to coordinate reopening their jurisdictions; Connecticut Governor Ned Lamont is working with six other states, and he does not expect Connecticut’s schools to reopen earlier than May 20th. Former FDA Commissioner Dr. Scott Gottlieb discusses the complications that accompany any timeline for reopening, from health liabilities to social distancing in a post-Covid society. Former Starbucks CEO Howard Schultz considers America’s moral and economic obligation to support small business during the crisis.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

21 Huhti 202033min

Special Report | Markets in Turmoil: Oil Plunge

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Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

21 Huhti 202045min

Shake Shack’s Big Return; Microsoft’s President; Covid-Positive Plasma Treatments

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In Washington and beyond, Americans debate the timeline and the pros and cons of getting back to work. CNBC’s Eamon Javers discusses the push for further federal assistance as small businesses nationwide struggle to stay afloat throughout the pandemic. Shake Shack originally received financial relief but has since returned it for redistribution among smaller businesses in more urgent need. Microsoft Teams and Microsoft-owned Skype have surged as employees around the world adapt to sheltering--and working--in place. Microsoft President and long-serving executive Brad Smith discusses the boost in platform usage and how Microsoft balances the Covid-19 crisis with everything else. Plus, the head of New Jersey’s largest hospital system has personally recovered from the coronavirus, and he explains a new technology using plasma from covid-positive patients to help the sick.   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

20 Huhti 202032min

Special Report | Markets in Turmoil

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Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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