Reddit

Google expands Reddit partnership

Google’s algorithm change has already started to affect Reddit

Reddit has been investing in advertising technology to help it better monetise its large audience, an investment that is showing signs of paying off in its latest report.

Reddit surges to new high after strong holiday-quarter forecast

REDDIT shares surged as much as 22 per cent in extended trading on Tuesday (Oct 29) after the company’s sales and forecast beat analyst expectations.

Reddit expects third-quarter revenue to be between US$290 million and US$310 million, compared with analysts’ average estimate of US$278.7 million, according to LSEG data.

Reddit forecasts quarterly revenue above estimates on strong ad spend

REDDIT forecast third-quarter revenue above Wall Street estimates on Tuesday, a sign that a recovering digital ad market would draw more advertisers to the social media platform.

OpenAI is increasingly forging partnerships with media companies to help train its AI systems and show more real-time content within its chatbot.

OpenAI, Reddit sign partnership on ChatGPT, AI products, ads

OPENAI unveiled a partnership with Reddit that will bring the social network’s content to chatbot ChatGPT and other products, and allow Reddit to add new artificial intelligence (AI) features to its o...

People on Reddit can currently make money from subscriptions, digital gifts and collectibles such as avatars.

Reddit to release new products aimed at site’s ‘user economy’

REDDIT plans to release new products related to the company’s marketplace efforts within the next few months, co-founder and chief executive officer Steve Huffman said on Thursday (May 9) at the Bloom...

Reddit users can currently make money from subscriptions, digital gifts and collectibles such as avatars.

Reddit gains after strong sales in first report since IPO

REDDIT jumped more than 10 per cent in extended trading after reporting quarterly sales that topped analysts’ estimates, impressing investors in its first results as a public company.

Despite booking a net loss of US$90.8 million in 2023, Reddit shares have traded as high as double its IPO price of US$34 apiece.

Europe’s IPO market not yet open to unprofitable tech: Bank of America

PROFITABILITY still matters when it comes to initial public offerings (IPOs) in Europe, even for tech startups, according to Bank of America (BOA).

Reddit's shares notched a 48 per cent gain in their debut on the New York Stock Exchange.

Reddit may need to ramp up spending on content moderation, analysts say

REDDIT will need to spend heavily on content moderation as it prepares for greater scrutiny as a public company, analysts said, threatening its longstanding policy of relying solely on volunteers to u...

Reddit’s entry into public markets has been a long time coming. I

Reddit shares end trading up 48% in market debut

SOCIAL media platform Reddit’s shares ended their first day of trading in New York up 48 per cent, signalling that investor appetite for initial public offerings (IPOs) of promising yet loss-making co...

The IPO priced 22 million shares sold by Reddit and its existing shareholders at US$34 a share, giving the company a valuation of about US$6.4 billion.

Reddit prices IPO at top of indicated range to raise US$748 million

SOCIAL media platform Reddit priced its initial public offering at the top of its targeted range of US$31 to US$34 per share on Wednesday, raising US$748 million and giving the ailing technology IPO m...