Reported 27 days ago
Reddit has posted its first profitable quarter, exceeding analyst expectations. CEO Steve Huffman attributes this success to enhancements in user experience and a simple business model that connects brands with audiences in engaged communities. Looking ahead, Reddit plans to focus on improving search functionalities and has also partnered with OpenAI and Google to monetize its content for AI training. Huffman emphasizes the significance of regulations to ensure transparency as AI technology develops.
Source: YAHOO