On November 29th, according to Bloomberg, Reddit is in discussions with potential investors to prepare for a possible listing of the social media group. Sources familiar with the matter said that Reddit is considering an early initial public offering in the first quarter of next year.

As previously reported by Jinse Finance, on October 18th, Reddit decided to terminate its blockchain-based community points service, which had been in operation for nearly three years. Tim Rathschmidt, Reddit's consumer and product communications director, said: Although we see some future opportunities for community points, the required resource investment is too high to continue. In addition, regulatory environment has increased difficulties in this area. Reddit will cancel community points on November 8th.