Reddit Tops the List of Potential 2024 IPO Candidates
Reddit Inc. is reportedly exploring an initial public offering for the social media company as soon as the first quarter of 2024, while Kim Kardashian’s Skims is also weighing options, including an IPO. Dasha Afanasieva reports on Bloomberg Television.
Black Friday shoppers spent a record $9.8 billion online in the US, Adobe Analytics reported, offering a positive sign for retailers facing lackluster sales forecasts for the holiday season. Demand for electronics, smartwatches, TVs and audio equipment helped boost the day’s online sales by 7.5% compared with last year. Bloomberg's Charlie Wells reports.
Macy’s CEO Jeff Gennette says, “the consumer is under pressure,” but is still looking to give gifts. He speaks to Bloomberg's Caroline Hyde about consumer spending, the continuing evolution of retail, and why department stores are still relevant to customers as the holiday shopping season begins.