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Social media company Reddit rides high in IPO
Social media company Reddit rides high in IPO
by  AFP

The Reddit social network said Wednesday it had priced at the top of its expected range ahead of going public on the New York Stock Exchange, in a sign of enthusiasm by investors. With easy financing scarce, Silicon Valley is seeing a dearth of companies ready to make the big leap to go public, with Pinterest being the last social media company to do so in 2019.

Hermes faces US lawsuit over 'refusal' to sell Birkin bag
Hermes faces US lawsuit over 'refusal' to sell Birkin bag
by  AFP

Fashionistas desperate to get their hands on an exclusive Birkin handbag are suing Hermes in California on grounds the company won't sell them one unless they buy other luxury products first. One of the plaintiffs, Tina Cavalleri, says she inquired about buying one of the coveted handbags from the French company in 2022.

Biden unveils almost $20 bn for Intel to boost US chip production
Biden unveils almost $20 bn for Intel to boost US chip production
by  AFP

US President Joe Biden unveiled almost $20 billion in grants and loans Wednesday for Intel's domestic chip-making plants -- his administration's biggest investment yet in the sector as he takes on China's chip dominance and sells his economic achievements over election rival Donald Trump.

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