Reddit is navigating choppy waters in the days leading up to its long-awaited initial public offering (IPO).
What Happened: Nokia Technologies sent a letter to Reddit alleging that the San Francisco-based social media company infringed some of its patents.
A Reuters report indicates that Reddit is currently “evaluating” Nokia’s letter. There was no further information provided on the patents.
The disclosure comes just days after Reddit received an inquiry from the Federal Trade Commission concerning the company’s AI-related deals.
Specifically, the FTC is reportedly focused on how Reddit ...