Reported 27 days ago
Reddit's CEO Steve Huffman announced that the platform is entering a mainstream era following a 40% surge in shares after its first profitable quarter. With a 47% year-over-year increase in daily active users and a 68% rise in total revenue, Reddit has shown strong growth, bolstered by advertising and a successful IPO. Analysts express optimism about the potential for advertising revenue growth and data licensing opportunities as Reddit continues to gain traction in the social media landscape.
Source: YAHOO