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Reddit Rises: Shares Skyrocket 40% as the Platform Hits Profit Milestone

Reddit Rises: Shares Skyrocket 40% as the Platform Hits Profit Milestone

by Shivam | Oct 30, 2024 | Entertainment, Investing News, Market News, Recreational Use, Stock Market, Technology

In a remarkable turn of events, Reddit’s shares soared nearly 40% in early morning trading after the company announced its first-ever profit in nearly 20 years. For the period ending in September, Reddit reported a net profit of $29.9 million, equating to 16 cents per...

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How Artificial Intelligence Is Transforming Labor Markets, Productivity, and Industry Dynamics

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