Reddit Stocks Surge 14% After Partnership Announcement with OpenAI

Reddit Stocks Surge 14% After Partnership Announcement with OpenAI
Shares of Reddit soared by more than 14% during early trading on Friday, following the announcement of a partnership with artificial intelligence firm OpenAI . This collaboration aims to enrich the social media platform's user experience through AI enhancements and bolster advertising revenue streams. While Reddit predominantly generates income from advertising, a February filing revealed it plans to explore alternative revenue channels, including the provision of creator tools and data licensing to third parties. Despite boasting a daily active user count exceeding 80 million, Reddit is perceived as a smaller player in the social media landscape. Having gone public on the New York Stock Exchange on March 21, Reddit's shares have surged by an impressive 66% since its initial public offering (IPO) at $34.
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[@au-817ttttx]

More restrictions coming soon on reddit
Like there was not more than enough

[@Sikyu-ye4ns]

redcensorship joined openwoke. nice.

[@m.fazlurrahman5854]

Red DIT? You still alive?

[@watcher805]

This is bad.