A stark business reality faced Reddit before a user uprising engulfed its site this month: slowing sales growth. Reddit’s revenue rose 38% in 2022 to about $670 million last year, two people familiar with the matter said, faster than many other internet ad firms but a steep slowdown from the …

  • SCmSTR@kbin.social
    link
    fedilink
    arrow-up
    4
    ·
    1 year ago

    Searched for the headline, found one or two copies? Looks like the article is either only a single paragraph or that’s all they’re gonna show. Either way, here it is:

    A stark business reality faced Reddit before a user uprising engulfed its site this month: slowing sales growth.
    Reddit’s revenue rose 38% in 2022 to about $670 million last year, two people familiar with the matter said, faster than many other internet ad firms but a steep slowdown from the more than doubling of revenue the company experienced in 2021 over 2020.