Reddit is maturing as a company, CEO says

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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.

 

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