Reddit shares gained 3.5% after-hours Tuesday following Piper Sandler's recognition of a new feature that streamlines ad campaign imports from Meta Platforms Inc (NASDAQ:META).’s ads manager. The brokerage firm sees the update as a potential catalyst for attracting more advertisers to Reddit's platform.
As such, the tech giant is conducting a limited test of ads on Threads with a small number of advertisers, allowing them to extend their existing Meta ad campaigns to the app while the service integrates its parent company’s brand safety and suitability standards and controls.
Piper Sandler analyst Thomas Champion recently noticed a new feature in Reddit (RDDT) Ads Manager, namely a beta option to import a campaign
Mark Zuckerberg announced that Meta will cut back on its content moderation efforts and eliminate fact-checking in the US in favor of the more “democratic”
Reddit's stock has surged over 4x in the past year, but its valuation is now unsustainable. Find out the factors prompting my downgrade to a sell rating on RDDT.
Social media users are speculating that Meta has bought TikTok, following Donald Trump's announcement that he planned to delay a ban on the app.
Popular community site became unmentionable – the irony is thick enough to compile Facebook has lifted a temporary ban preventing users from posting links to popular OS comparison site Distrowatch – after going so far as to lock the account of the site's editor.
Reddit, Inc. (NASDAQ:RDDT) has seen its stock price surge to $202, delivering an impressive 300% return over the past year as the social media platform continues to report strong user growth and make strides in improving its advertising technology.
A new game of ‘my data center is bigger than yours’ started this week with the announcement of OpenAI’s Project Stargate.
Meta's chief AI scientist, Yann LeCun, said DeepSeek's success with R1 said more about the value of open-source than Chinese competition.
In a note to investors on Jan. 22, investment bank Roth Capital downgraded the stock to Neutral from Buy. The investment bank predicted that the company’s revenue growth would decelerate in upcoming quarters, and it expects RDDT’s EBITA margins to drop over the next year.