$6.5b but the IPO would fetch $750m.

Pretty normal. They sell off a set % of the company’s shared during an Initial Public Offering and set the share base price at their calculated expected valuation. Companies never sell off 100% of their shares. Reddit owns these shares and sets the sell price accordingly. Raising 750m would be selling about 11.5% stake if they think they’re worth $6,500mil.

The market is not obligated to buy shares at Reddit’s stated price. Once they’re on the market shares can go up or down depending on how realistic the market thinks Reddit’s stated valuation is. If they think the valuation is crap they’ll not buy until the share price drops to their expected valuation.

IIRC one of the reasons the housing market in Paris must also be so tightly controlled is due to their zoning controls. To keep Paris’ identity intact, any sort of higher density/taller development anywhere inside the city’s primary core is strictly prohibited, so housing supply is almost completely static.

since this is rating traffic as % of total… I imagine this is less a result of “bittorrent is dying/nobody uses it” and more a result of “the rest of the internet traffic has grown exponentially with the availability of ubiquitous fast connections, while the number of bittorrent consumers has been roughly steady”

no shit BitTorrent was the majority of traffic in 2004. Most connected users were still using some form of DSL or low-bandwidth cable, and some of us were even still using ISDN/Dialup. Even youtube was still a pipe-dream, so most “normal” browsing folk were loading forum web pages with sizes <50k per page. Bittorrent allowing resilient, long-term downloads over slow pipes was the only thing that even EXISTED for bulk data transfer, and could saturate a pipe for days.