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Image Credit: Digitaltrends

Reddit just achieved something for the first time in its 20-year history

  • Reddit has achieved a profit for the first time in its 20-year history, and now has 97.2 million daily active users.
  • The company reported a profit of $29.9 million, a significant improvement from its earlier losses.
  • The strong performance is attributed to increased ad revenue and other revenue sources.
  • Despite its success, Reddit has faced criticism for certain decisions and is under scrutiny from the Federal Trade Commission.

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