Reddit shares soar after company turns first-ever profit
https://www.theguardian.com/technology/2024/oct/30/reddit-stock
Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue
Reddit on Tuesday reported a quarterly profit for the first time in its 20-year history. Shares of the company, popular for its user-led communities known as subreddits, rose more than 35% as markets opened the next day.