Reddit is getting bigger.

cross-posted from: https://lemm.ee/post/46100822

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.

  • airrowMEnglish
    1·
    11 hours ago

    this is pretty sad to me because it’s almost like sending a signal to them that harmful practices like the API conflict last year were “worth it”… seems like short term profit thinking will doom reddit long term at some point, maybe?