Reddit's bet on AI is starting to pay off
Reddit(RDDT) Business Insider·2024-10-30 18:27
Reddit shares surged 25% after it reported a revenue beat and turned a profit for the first time. The company saw a 68% revenue increase and a 47% rise in daily active visitors in Q3. Reddit's AI-driven translation and revamped AMA product contributed to user growth. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favo ...