Reddit's Surge in Google Rankings Raises Wall Street Concerns
- Reddit has climbed to the top of Google results following a series of updates by the search giant. - Reddit, which held its IPO in March, needs to convince a growing number of those visitors to register for official accounts, as so-called logged-in users generate much higher rates of ad revenue. - Shares of Reddit have dropped 26% since reaching a high point last month. - Reddit's user base increased 51% in the second quarter to 91.2 million, outpacing ad revenue growth of 41%. - Reddit's business comes almost entirely from digital ads, at least for the moment. Source: [CNBC]()
DaringTrain
Stealth
a month ago
DaringTrain
Stealth
a month ago
Discover More
Curated from across
News Discussion on
by AlphaGrindset
Series A Startup
Reddit files for IPO. Lists WallStreetBets as a risk factors. Also allowing top users to invest directly as a separate class.
It’s really happening.
https://www.theverge.com/2024/2/22/24079978/reddit-ipo-public-offering-shares-power-users
News Discussion on
by Elon_Musk
X.com
Google is scared for the first time in 2 decades.
A rival chatbot has shaken Google out of its routine, with the founders who left three years ago re-engaging and more than 20 A.I. projects ...
https://www.nytimes.com/2023/01/20/technology/google-chatgpt-artificial-intelligence.html