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Reddit’s Q1 earnings per share (EPS) beat estimates by 5.97%, and its revenue exceeded expectations by 14.16%. ... “Reddit's ad stack enhancements drove sizable upside,” noted Anmuth. On the ...
Reddit launched its Reddit Gold benefits program in July 2010, which offered new features to editors and created a new revenue stream for the business that did not rely on banner ads. On September 6, 2011, Reddit became operationally independent of Condé Nast, operating as a separate subsidiary of its parent company, Advance Publications.
In April 2023, the discussion and news aggregation website Reddit announced its intentions to charge for its application programming interface (API), a feature which had been free since 2008, causing a dispute. The move forced multiple third-party applications to shut down and threatened accessibility applications and moderation tools.
On Monday, they rose 21% after Gill’s Reddit account posted a screenshot showing a $116 million bet on the stock. On Thursday, they surged almost 50% after Gill's YouTube account scheduled a ...
The deal underscores Reddit's attempt to diversify beyond its advertising business, and follows its recent partnership with Alphabet to make its content available for training Google's AI models.
Reddit becomes operationally independent of Condé Nast. Reddit is now free to hire a CEO, pick out an ad sales team and figure out its own route to profitability. 2011: October: Community: The jailbait subreddit comes to wider attention outside Reddit when Anderson Cooper condemned the subreddit and criticizes Reddit for hosting it. Following ...
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