Reddit’s explosive user growth and AI tools help it soar to its first ...

Oct 31, 2024  · Reddit’s explosive user growth and AI tools help it soar to its first profit as a public company. Reddit’s explosive user growth and AI tools help it soar to its first profit as a public …


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Reddit's Explosive User Growth And AI Tools Help It Soar To Its First ...

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Oct 31, 2024  · The social platform claimed a profit of $29.9 million, or 16 cents per share, for the period ending in September, and reported sales of $348.4 million, an amount surpassing the …

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Reddit's Explosive User Growth And AI Tools Help It Soar To Its First ...

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Oct 30, 2024  · NEW YORK (AP) — 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, or 16 cents per share, for the …

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Reddit's Explosive User Growth And AI Tools Help It Soar To Its First ...

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Oct 30, 2024  · 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 …

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Reddit's Explosive User Growth And AI Tools Help It Soar To Its First ...

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Oct 30, 2024  · Reddit also grew its number of daily users to 97.2 million, a 47% increase from the same time last year. That's according to a company statement. Reddit has turned a profit for …

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Reddit's Explosive User Growth And AI Tools Help It Soar To Its First ...

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Oct 30, 2024  · Reddit's explosive user growth and AI tools help it soar to its first profit as a public company Back to video The social platform claimed a profit of $29.9 million, or 16 cents per …

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Reddit’s Explosive User Growth And AI Tools Help It Soar To Its First ...

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Oct 30, 2024  · Reddit’s explosive user growth and AI tools help it soar to its first profit as a public company ... Reddit also grew its number of daily users to 97.2 million, a 47% increase from the …

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Reddit's Sees First-Ever Profit As Explosive User Growth And AI …

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Oct 30, 2024  · 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, or 16 cents per share, for the period ending in …

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Reddit's Explosive User Growth And AI Tools Help It Soar To Its …

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Reddit also grew its number of daily users to 97.2 million, a 47% increase from the same time last year, according to a company statement. In a letter to shareholders, Reddit CEO Steve …

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Reddit's Explosive User Growth And AI Tools Help It Soar To Its First ...

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Oct 30, 2024  · NEW YORK (AP) — 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, or 16 cents per share, for the …

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Reddit's Explosive User Growth And AI Tools Help It Soar To Its First ...

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Oct 30, 2024  · 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, or 16 cents per share, for the period ending in …

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FAQs about Reddit’s explosive user growth and AI tools help it soar to its first ... Coupon?

Does Reddit's new AI translation feature drive user growth?

In a letter to shareholders, Reddit CEO Steve Huffman said its new AI translation feature — which allows readers to convert posts between English, French, Spanish, Portuguese, Italian and German — was a primary driver of user growth, especially internationally in countries like France, India and the Philippines. ...

Does Reddit make a profit?

(AP Photo/Yuki Iwamura, File) NEW YORK (AP) — Reddit has turned a profit for the first time as a public company. The social platform claimed a profit of $29.9 million, or 16 cents per share, for the period ending in September, and reported sales of $348.4 million, an amount surpassing the $312.8 million analysts had projected. ...

How many people use Reddit a day?

Reddit also grew its number of daily users to 97.2 million, a 47% increase from the same time last year, according to a company statement. ...

Does Reddit have a deal with Google and OpenAI?

Both Google and OpenAI have signed deals with Reddit to train their artificial intelligence models on its content. Reddit, whose investors include OpenAI CEO Sam Altman, went public in March at $34 a share. The stock has since tripled, surging 34% to $110.20 in morning trading Wednesday. ...

Who owns Reddit & Associated Press?

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. The Associated Press is an independent global news organization dedicated to factual reporting. ...

Does Reddit's data licensing agreement pay off?

While the company’s advertising remains its main source of revenue, Reddit’s earnings summary notes its recent data licensing agreements are beginning to pay off financially. Both Google and OpenAI have signed deals with Reddit to train their artificial intelligence models on its content. ...

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