Reddit narrowed its net loss during the second quarter to $10.1 million, from $41.1 million a year earlier. Revenue, meanwhile, climbed 54%, to $281.2 million. Analysts expect the company to turn a quarterly profit in the next year or so, boosted by more targeted advertising, as well as revenue from data-licensing agreements with companies including Google and OpenAI.
11 Comments
lvxferre@mander.xyz · 22 pts · 1y
Blaze@feddit.org · 6 pts · 1y
Interesting prediction
CoopaLoopa@lemmy.dbzer0.com · 5 pts · 1y
To be fair, I wiped out the custom CSS with RES when I was on there.
Couldn't stand every subreddit thinking it was cute to change random styling for no reason. It was like the old custom myspace page days.
lvxferre@mander.xyz · 4 pts · 1y
Blaze@feddit.org · 17 pts · 1y
wizardbeard@lemmy.dbzer0.com · 4 pts · 1y
Thanks for the highlight.
As much as I despise them, that's actually impressive. I wonder how long it will last.
magnetosphere@fedia.io · 17 pts · 1y
Investing in Reddit is a mistake second only to using Reddit.
SendMePhotos@lemmy.world · 7 pts · 1y
The bots can inflate the use of reddit. It's the ol' computers-are-more-active-than-humans-on-the-internet thing.
jaggedrobotpubes@lemmy.world · 5 pts · 1y
They become less relevant by the day.
Xero@infosec.pub · 1 pts · 1y
These archive.ph images never load for me in any of the Lemmy clients.
Anon518@sh.itjust.works · 4 pts · 1y
They're not images, they're articles. You have to click on the link to read the article. @Blaze@feddit.org
Blaze@feddit.org · 0 pts · 1y
@Anon518@sh.itjust.works another issue with archive links
SameOleSong@lemmy.world · 0 pts · 1y
Do you think they will have a bunch of traffic then lose it?