This means the business is currently valued at about $9.5 billion.
However, the stock market turmoil due to the Federal Reserves quantitative tightening led to a delay.
Last year, Reddits revenue increased to $804 million, a 20% increase.
Advertising accounted for about 98% of its sales, while the remaining 2% came from data licensing.
However, it still incurred a loss of $90.8 million in 2023.
We do not believe that we have engaged in any unfair or deceptive trade practice.
source: www.techworm.net
