- Reddit users make money as CEO Steve Huffman announced plans to enable monetization on the platform later this year, allowing users to create and earn income.
- Despite a 51% annual user growth in Q2, Reddit’s shares dropped 4% due to concerns about slowing user revenue growth and only 2% average revenue per user (ARPU) growth.
- Reddit reported $281 million in revenue for Q2, marking a 54% annual growth, while narrowing its loss to $10 million from $41.1 million a year prior.
- The company aims to enhance its search experience by testing AI-powered search result pages to better summarize and recommend content for users.
- Huffman emphasized that the existing free version of Reddit will continue to thrive, while new monetization options will create opportunities for innovative subreddits and interactive applications.
https://wccftech.com/reddit-will-soon-let-users-make-money-on-its-platform-says-ceo/
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