Reddit Faces Patent Infringement Accusation from Nokia Ahead of IPO

The social media platform is evaluating the claim as it prepares for a highly anticipated public offering.

Nokia has accused Reddit of infringing on some of its patents ahead of Reddit's planned initial public offering (IPO).
Reddit is evaluating the claims made by Nokia and has disclosed this issue in an updated SEC filing.
The dispute comes as Reddit aims to go public with a valuation target of $6.5 billion, in a deal that is reportedly oversubscribed.
Nokia has a history of engaging in patent disputes, having previously sued companies like Apple, Daimler, and Lenovo, often resulting in licensing agreements.
Reddit also faces an inquiry from the Federal Trade Commission regarding its sale, licensing, or sharing of user-generated content to train AI models.