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Reddit Will Soon Let Users Make Money On Its Platform Says CEO

NewsTech

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Reddit IPO WallStreetBets

Social media firm Reddit's shares were down 4% in aftermarket despite an all around beat on earnings and revenue in its second quarter results. Analysts ascribed the drop to slowing user revenue growth, with investors likely concerned about Reddit's inability to monetize its users despite a 51% annual user growth in Q2. The 51% user growth translated into a weak 2% average revenue per user (ARPU) growth for Reddit, and it dealt the shares a hefty blow in after market trading even though the firm guided third quarter revenue above analyst estimates. Reddit Guides Q3 Revenue To Range Between $290 […]

Read full article at https://wccftech.com/reddit-will-soon-let-users-make-money-on-its-platform-says-ceo/

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