noodlejetski@lemm.ee to

Reddit@lemmy.world · 2 months 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

noodlejetski@lemm.ee to

Reddit@lemmy.world · 2 months 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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2 months ago
Was a Member since 2012… it all went downhill 2016 when 4Chan-Stormfront-Nazis “grew up” and moved over to reddit. Man I hope these people taste their own medicine better sooner than later.

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