The well-known discussion forum, which has been rumored to be heading toward an IPO in 2024, has not done as well as it was hoping to, according to an article in The Information. Reddit was apparently hoping to earn more than $1 billion in ad revenue by the end of this year, and hasn’t quite gotten that far, having only hit a mere $800 million. Considering all the changes and controversies Reddit saw in 2023, it will be interesting to follow what happens next.
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