Reddit Inc (NYSE:RDDT), the social media platform, is winning a larger share of digital advertising budgets, with Horizon Media reporting that its share of client spending has grown 20% to 25% annually over the past three years. Jefferies reached that view after hosting calls with advertising experts from Horizon Media and Jan Kelley Ad Agency to discuss demand trends, macroeconomic effects and...
Amid a number of updates for moderators and developers announced Wednesday comes bad news for supporters of a more open web: Reddit is ending support for RSS feeds.
LOS ANGELES--(BUSINESS WIRE)--Zefr, the leading provider of AI-powered brand safety and suitability solutions for walled garden environments, today announced a partnership with Reddit to provide advertisers with advanced AI-powered content-level intelligence, insights, brand safety and suitability measurement solutions across Reddit's rapidly growing advertising platform.Reddit has become an in...
Reddit stock has remained under pressure this month, moving from a high of $207 in July to the current $143. It has also plunged by 50% from its highest point last year, with its market capitalization moving from over $51 billion to $27.5 billion today.
Reddit co-founder Alexis Ohanian told CNBC the industry has been "pretty tone deaf" in explaining the risks of AI. Ohanian said the AI debate should focus on substantive risks rather than become issues used to score political points.
Shares of Reddit Inc. RDDT rose more than 6% on Thursday, snapping a four-session losing streak after Piper Sandler data showed a sharp acceleration in user growth in August. The brokerage said Reddit's average users increased 8% month over month in August, marking the strongest monthly increase so far this year.
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