Reuters

(Reuters) - Reddit co-founder and CEO Steve Huffman beneficially owns 62.4 million Class A shares of the social media company, a regulatory filing showed on Friday.

Those shares were equivalent to 61.5% of the share class, based on a calculation that includes factors such as the right to acquire more shares by exercising stock options and the conversion of Class B shares into Class A shares, according to the filing.

Reddit, whose initial... (continue reading...)

(Reuters) - Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Friday that it would cut its workforce by about 20%, as part of a restructuring plan for the current year.

As of December last year, the company had nearly 800 full-time employees in the U.S., Germany, Sweden, India and China.

Luminar is also looking to sub-lease some of its facilities in portions or fully, reducing global footprint as part of the... (continue reading...)

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(Reuters) -Paramount Global will end its exclusive negotiations with Skydance Media without reaching a deal, the New York Times reported on Friday, citing people familiar with the matter.

Shares of the media giant rose 3% in extended trading.

A special committee of Paramount's board, which was established to evaluate the media company's options, spent months negotiating with... (continue reading...)

(Reuters) -Electric vehicle maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to $5.13 billion in its U.S. initial public offering (IPO), the first major floatation by a China-based company in more than two years.

Zeekr is looking to raise up to $367.5 million by selling 17.5 million American depositary shares (ADSs) priced between $18 and $21 each.

The IPO will test U.S. investors' appetite for... (continue reading...)

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By Juana Casas

SANTIAGO (Reuters) - Journalists covering environmental issues have become increasingly targeted with violence as the world faces an unprecedented environmental emergency, U.N. Secretary-General Antonio Guterres said on Friday.

A report by UNESCO, the United Nations' scientific and cultural organization, released the day before showed an increase in violence against... (continue reading...)