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REDDIT REVENUE NEWS
Gig workers' incentives cool; YC attendees resell AI creditsHappy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in to...- Riding the AI buck: Rising API, usage-based costs force a rethinkAs enterprises rapidly scale AI adoption, soaring API and usage-based costs are forcing companies to rethink spending, introduce guardrails...
- US stock market today hits new records as Nasdaq crossed 25,000 for the very first time: Dow Jones, S&P 500 and Nasdaq surge as Wall Street begins May with massive rally - Apple leads gainsUS stock market today opens May with rare strength. Momentum feels real, not forced. The Dow Jones Industrial Average climbs near 49,815. T...
- US stock market ends the October on a strong note — How did the S&P 500, Nasdaq and Dow perform? Here’s the top gainers and losers on Wall StreetUS stock market today surged as Amazon shares jumped 9.6% after reporting Q3 revenue of $180.2 billion and 20% growth at AWS. The Nasdaq ro...
- AI search pushing an already weakened media ecosystem to the brinkGenerative AI tools like ChatGPT are reducing traffic to news websites by providing direct summaries, threatening media revenue models. As ...
- GoPro stock skyrockets 30% - could this be the next meme stock sensation?GoPro stock is suddenly grabbing headlines as it skyrockets over 30% in just a day, sparking major buzz across Reddit and retail investor c...
- How Reddit, one of US' most-visited platforms, became a darling for AI companiesReddit, a social media veteran and IPO newbie, is the new attractive resource for AI companies. Reddit's huge amount of data works well for...
- India now a focus market for Reddit, says CEO Steve HuffmanReddit registered an India subsidiary in August this year and started leveraging the influencer connect to gather users – it hosted AMA (as...
- Ecommerce festive sales surge; Cred’s insurance playHappy Monday! Ecommerce platforms saw significant growth in festive sales this year. This and more in today’s ETtech Morning Dispatch.
- Cerebras, an AI chipmaker trying to take on Nvidia, files for an IPOCerebras, based in Sunnyvale, California, unveiled its investor prospectus on Monday, taking an important step toward listing its shares on...
- Reddit forecasts quarterly revenue above estimates on strong ad spendThe results, its second after going public in March, follow bigger rival Meta's upbeat second-quarter revenue and rosy sales forecast, driv...
- US news publishers sue Microsoft, OpenAI: All you need to knowUS news publishers sue Microsoft and OpenAI for copyright infringement in training AI models. OpenAI responds by emphasizing support for ne...
- Unicorn hiring trends; smartphone makers to gain further groundThe ongoing funding winter and concerns over profitability have not deterred homegrown unicorns from onboarding top talent. This and more i...
- Reddit shares end trading up 48% in market debutWhile Reddit still relies on advertising for the vast majority of its revenue, it touted AI in its IPO marketing roadshow as an area of gro...
- OpenAI’s Sam Altman stands to rake in over $400 million from Reddit IPOAltman is the third-largest shareholder in Reddit owning an 8.7% stake comprising 789,456 Class A shares and 11.4 million supervoting Class...
- New feeding habits for AI: The Reddit-Google deal could show how content will be produced, owned and consumed on internetReddit signs a $60 million deal with Google to mine its content for training AI models. The deal raises questions about copyright laws, IPR...
- GameStop shares drop as executives mum on turnaround plan detailsFresh from raising new capital and watching its share price march higher during the second quarter, GameStop executives reported that net s...
- Robots on Wall Street wrestle with confusing world of RedditAfter the retail stock frenzy last month caused unprecedented havoc, hedge funds trawling the platform with algorithms have a renewed sense...
- Reddit raises $250 million in funding, valuation doubles to $6 billionThe funding round was led by venture capital firm Vy Capital.
- Reddit said to be raising funds valuing startup at $1.7 billionIn recent weeks, Reddit Inc. was looking for investments totaling about $150 million, said one of the people, who asked not to be identifie...
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