Google, Reddit and AI
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The block seemed curious, given that Reddit began as a website, and websites generally want traffic. Few are in the practice of turning traffic away. But some services, including X and Instagram, aggressively push users toward apps—or at least toward being logged in to them.
Revenue jumped 69% in the quarter from $392 million a year earlier, Reddit said in an earnings release. Net income soared to $204 million, or $1.01 per share, from $26 million, or
Earlier today, we reported on an incredibly irritating move by the social giant Reddit. Though the company has a perfectly functional mobile website that lets you browse its communities and discussions on your phone’s browser,
But this is also an incredible amount of data, which is a key ingredient for the large language models (LLMs) that power AI solutions, as put by Huffman: Reddit's conversations are like oil for the modern internet,
Reddit CEO Steve Huffman said the platform’s vast library of human conversations makes it a critical input for AI, calling it “the fuel” behind the technology.
Reddit (RDDT) stock has been on a sharp uptrend over the last month, with a 20% rally. The price action has come following stellar Q1 results that surpassed analyst expectations. Reddit reported 69% year-on-year revenue growth for Q1 to $663 million,
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