Social Media

Historic tweet by Jack Dorsey hits $2.5M in digital auction

The tweet is being sold as a non-fungible token, or NFT. An NFT is a unique digital token that can turn any item in the digital world from tweets to Gifs, to videos into a collectible asset. Like Bitcoin and other cryptocurrencies, NFTs are sold and bought via the blockchain. Non-fungible tokens verify authenticity and ownership by encrypting the creator's signature on the blockchain.

Reddit considers IPO, hires CFO

Reddit on Friday named Andrew "Drew" Vollero as its new chief financial officer as the company reportedly mulls an initial public offering.