Reddit's Stock Surges on AI Data Market Growth

Reddits stock surged by three percent this morning, driven by its expanding user base and pivotal role in the AI data market. The companys strategic data-sharing agreements with tech giants like Google and OpenAI, coupled with a twenty percent increase in daily and weekly active users, have bolstered its value. Despite some market volatility, Reddits shares have risen nearly forty percent since the start of the year, turning a $1000 investment from its IPO in March 2024 into almost $4600.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.