Reddit, the social media platform and community network, has filed a registration statement with the SEC in preparation for an initial public offering of its Class A common stock. Reddit has been a private company since its founding in 2005 and is one of the top 20 most visited websites in the world. The IPO is likely to boost its standing in the advertising market and the expected injection of capital could help refine its ad products, according to experts.

Google’s search market share has dropped below 90% for the first time since 2015 according to web traffic analysis platform Statcounter. This does not necessarily signal a migration of users to AI search, since Statcounter compares search traffic only among the main search engines.  The likes of Bing and Yandex are still way behind Google.