If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. An IPO will put the spotlight on the prospects for Reddit’s advertising business, which has fallen short of ambitious growth targetsoutlined by executives two years ago. ...
Sorta both I guess. It’s mostly designed for recovery protection but on the off chance we can’t recover data, we pay out money if we can’t. I don’t think we would pay out if it’s stolen but they will were able to recover the data.