Reddit hits profitability after 19 years- thanks to AI!

Quick Summary:

Discover how Reddit achieved its first profit in 19 years, leveraging AI for user engagement, data licensing, and ad revenue.

Reddit also recently struck data licensing deals with big tech companies Google and OpenAI.

This achievement is not just a number; it signifies a remarkable turnaround for a platform that has been working hard to navigate a tough financial landscape.

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Article Details

Author / Journalist: Aasma Khan

Category: StartupsEconomyBusiness

Markets: India

Topics: Tech Data Thanks Financial Platform Reddit Engagement Content Revenue Profit Profitability

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 06:23:30 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 479 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23650530

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 17 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

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