For the first time in its nearly 20-year history, Reddit is turning a profit. The social platform claimed a profit of $29.9 million for the period ending in September, and reported sales of $348.4 million, an amount surpassing the $312.8 million analysts had projected. Reddit also grew its number of daily users to 97.
Supreme Court's conservative justices leave in place Virginia's purge of voter registrationsBiden goes off script — again — causing a distraction for Harris in campaign's home stretchYankees fans who interfered with a catch are banned from Game 5 of the World SeriesHip-hop producer Metro Boomin is accused of rape in lawsuitUS economy grew at a solid 2.
“In 2024 so far, ‘Reddit’ was the sixth most Googled word in the U.S., underscoring that when people are looking for answers, advice, or community, they’re turning to Reddit,” Huffman wrote. “We saw this play out in real-time when the White House came to Reddit to share critical information during recent hurricanes, reaching people in the affected areas with timely updates.”are beginning to pay off financially.
San Francisco-based Reddit Inc., whose investors include OpenAI CEO Sam Altman, went public in March at $34 a share. The stock has since tripled, surging 42% to close Wednesday at $116.05.
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