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Reddit Is Profitable For the First Time Ever
Wednesday October 30, 2024. 11:00 AM , from Slashdot
Reddit's advertising revenue grew to $315.1 million, while 'other' revenue reached $33.2 million on account of 'data licensing agreements signed earlier this year.' Both Google and OpenAI have cut deals with Reddit to train their AI models on its posts. Read more of this story at Slashdot.
https://tech.slashdot.org/story/24/10/30/0241200/reddit-is-profitable-for-the-first-time-ever?utm_so...
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