Why Reddit Is Blowing Up
Business
Photo-Illustration: Intelligencer Reddit’s first year as a publicly traded firm is going great. The company, which is nearly 20 years old, shared an extremely strong earnings report this week: Revenue is up 68 percent year over year, daily active unique visitors are up 47 percent, an Reddit turned a profit for the first time in its entire history. The earnings exceeded analyst expectations, and the stock price shot up more than 40 percent. Reddit had no shortage of other good numbers to share.
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