News Formal

Reddit's explosive user growth and AI tools help it soar to its first profit as a public company

  • 📰 KSLcom
  • ⏱ Reading Time:
  • 26 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 56%
  • Publisher: 51%

News News

Traffic,Weather,Sports

Reddit has turned a profit for the first time as a public company. 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.

<p>NEW YORK — Reddit has turned a profit for the first time as a public company.</p><p>The social platform claimed a profit of $29.

</p><p>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&#

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 549. in BUSİNESS

Business Business Latest News, Business Business Headlines