Reddit is maturing as a company, CEO says

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 23 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Steve Huffman News

Reddit,Spencer Platt,Initial Public Offering

Reddit shows that growing up fast may be good news for shareholders.

"A lot of things are really starting to click," Reddit co-founder and CEO Steve Huffman told Yahoo Finance on Thursday .

Daily active users increased 37% year over year to 82.7 million. Weekly active unique users rose 40% from the prior year. Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange after ringing a bell on the floor in its initial public offering on March 21, 2024, in New York City. Huffman declined to say when the company would be profitable on a net income basis, noting it's a focus for the management team.

 

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:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reddit CEO on ad revenue, first earnings report, app futureReddit (RDDT) beat first-quarter estimates on the top and bottom line in the social media platform's first earnings report since going public in March...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Tesla probe, Reddit earnings, market outlook: Morning BriefTesla stock (TSLA) is being dragged down lower after US Department of Justice (DOJ) officials are focusing their attention on alleged securities and wire...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Reddit stock rises after first quarterly report on higher-than-expected earnings forecast, AI hopesReddit stock moved higher after giving a better-than-expected Q2 forecast for sales and profit metrics. Many strategists argue the long-term growth story for...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Reddit shines in first earnings report, sending stock soaringReddit Inc. shares jumped as much as 16% in premarket trading after improvements to the social media platform’s advertising system helped push quarterly sales higher than expected in its first results as a public company.
Source: BNNBloomberg - 🏆 83. / 50 Read more »