Reddit and its millions of users have been active supporters of net neutrality. Reddit CEO Steve Huffman explains what happens now that the FCC has voted to repeal the regulations.
Huffman says Reddit is still hopeful that net neutrality will remain, either due to the courts or a last-minute save by Congress. If net neutrality is, in fact, repealed, then Huffman says Reddit will reassess its situation at that time.
Huffman also shares a look at Reddit's Best of 2017. It was Reddit's biggest year ever. Users made more than 900,000,000 comments and 7,000,000 thread updates. Bill Gates had the most popular Ask Me Anything (AMA) of the year. Huffman says Gates' annual AMA is always a big draw, but his favorites are AMAs with people who aren't well-known celebrities.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
