• Blaze@feddit.org
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    25 days ago

    Reddit narrowed its net loss during the second quarter to $10.1 million, from $41.1 million a year earlier. Revenue, meanwhile, climbed 54%, to $281.2 million. Analysts expect the company to turn a quarterly profit in the next year or so, boosted by more targeted advertising, as well as revenue from data-licensing agreements with companies including Google and OpenAI.