Reddit to Release New Products Aimed at Site's ‘User Economy' [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
Chief Executive Officer Steve Huffman said Thursday at the Bloomberg Technology Summit. Most Read from Bloomberg Microsoft's Xbox Is Planning More Cuts After Studio Closings ‘Seriously Underwater' Home Mortgages Tick Up Across the US Americans Are Racking Up ‘Phantom Debt' That Wall Street Can't Track Marjorie Taylor Greene Finally Got What She Deserved: Defeat The 19-year-old company, which beat expectations for sales earlier this week in its first earnings report as a public company, plans to expand its revenue streams outside of advertising into what Huffman calls the “user economy” — users making money from others on the platform. People on Reddit can currently make money from subscriptions, digital gifts and collectibles such as avatars. Redditors also sell physical goods and services on some of the site's forums. Other social media companies have built marketplaces for selling and buying goods, including Meta Platforms Inc., which owns Facebook Marketplace and lo
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META
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- 2/1/24 - Beat
META
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- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- META's page on the SEC website