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[email protected] • 25 days ago

Reddit is profitable for the first time ever, with nearly 100 million daily users

www.theverge.com

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Reddit is profitable for the first time ever, with nearly 100 million daily users

www.theverge.com

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[email protected] • 25 days ago

Reddit is getting bigger.

Reddit says its daily users are up 47 percent year-over-year. Reddit just turned a profit for the first time. As part of its third-quarter earnings results released on Tuesday, the company reported a profit of $29.9 million, along with $348.4 million in revenue — a 68 percent increase year over year.

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edit-2
24 days ago
Traffic in big subreddits dropped up to 30% whenever there was some news that another huge botfarm was busted.

Edit:

Or when Russia is busy starting a war. Completely natural pattern there. The screenshot is from 2022

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