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804 Microsoft’s Maneuver; Andreessen Horowitz Preps Its Multiplexer Fund

The Information
Kate Clark @ The Information · 03/21/2024 18:04 EDT

It’s been a busy week. Reddit went public Thursday, marking a rare initial public offering after a two-year winter for new listings. Shares jumped 48% in its first day trading, earning the company a market cap of over $9 billion.That’s a promising sign for IPO-ready, aging unicorns, and good news for Reddit’s backers, especially Condé Nast parent company Advance Publications, Tencent and Sequoia Capital, Cory reports. But the more noteworthy event in tech this week was Microsoft’s announcement that it was h

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