Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway : reddit

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Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway (edition.cnn.com)

submitted 9 months ago by ZeroCool@slrpnk.net to c/reddit@lemmy.ml

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[-] ProtonBadger@kbin.social 7 points 8 months ago* (last edited 8 months ago)

There was no blowup, Reddit both received more funding and their advertising earnings increased. A 21% revenue growth in 2023, I'd say also active user growth but I'm not entirely sure.

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this post was submitted on 24 Feb 2024

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