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Social media platform Reddit released its first quarterly report since going public in March. Reddit reported revenue of over $240 million, up 48% year-over-year and beating analyst estimates. Advertising revenue grew 39%, faster than competitors like Meta, Amazon and Alphabet. The company reported a net loss of over $575 million, with stock-based compensation expenses driving red ink. Reddit had over 82 million daily active users in the first quarter, up from estimates and a sign of continued engagement growth. Shares surged 11% in pre-market trading following the strong earnings report.
Reddit Shares Surge 11% Following Strong Revenue Growth in First Quarterly Report That Surpassed Estimates
⏲ 0:43 👁 2.1M
abiezz
VW Touareg Secret Buttons: What are they??
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Sean Dekmar
This is How I Find the Hottest Stock News Instantly! (My Technique)
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Imagine a tiny subatomic particle hurtling through space at a mind-boggling speed—so fast that it makes Usain Bolt look like a slowpoke. That's the Oh-My-God particle for you, discovered by scientists probing the depths of the cosmos for cosmic rays. It's not your average particle; it packs the energy of a baseball hurled at 60 miles per hour, yet it's smaller than a proton. Scientists scratch their heads trying to figure out where these supercharged particles come from and what accelerates them to such incredible speeds. Some speculate they originate from distant galaxies or cataclysmic cosmic events, while others ponder if they're remnants of the Big Bang itself. <br/>Credit: <br/>NEOSTEL: ESA/A. Baker, CC BY-SA 3.0 IGO https://creativecommons.org/licenses/by-sa/3.0/igo/, https://commons.wikimedia.org/wiki/File:Artists_impression_of_the_completed_NEOSTEL_flyeye_telescope.jpg <br/>CC BY 4.0 https://creativecommons.org/licenses/by/4.0/: <br/>Black Hole: ESO/WFI (Optical); MPIfR/ESO/APEX/A.Weiss et al. (Submillimetre); NASA/CXC/CfA/R.Kraft et al. (X-ray), https://commons.wikimedia.org/wiki/File:Black_Hole_Outflows_From_Centaurus_A.jpg <br/>Great Pyramid: Sébastien Procureur, Kunihiro Morishima, Mitsuaki Kuno, Yuta Manabe, Nobuko Kitagawa, Akira Nishio, Hector Gomez, David Attié, Ami Sakakibara, Kotaro Hikata, Masaki Moto, Irakli Mandjavidze, Patrick Magnier, Marion Lehuraux, Théophile Benoit, Denis Calvet, Xavier Coppolani, Mariam Kebbiri, Philippe Mas, Hany Helal, Mehdi Tayoubi, Benoit Marini, Nicolas Serikoff, Hamada Anwar, Vincent Steiger, Fumihiko Takasaki, Hirofumi Fujii, Kotaro Satoh, Hideyo Kodama, Kohei Hayashi, Pierre Gable, Emmanuel Guerriero, Jean-Baptiste Mouret, Tamer Elnady, Yasser Elshayeb & Mohamed Elkarmoty, https://commons.wikimedia.org/wiki/File:East-West_cut_view_of_the_Great_Pyramid_and_front_view_of_the_North_face_Chevron_area.png <br/>CERN: Chris Mitchell, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0/, https://commons.wikimedia.org/wiki/File:CERN_Large_Hadron_Collider.jpg <br/>Animation is created by Bright Side.<br/><br/>#brightside <br/><br/>----------------------------------------------------------------------------------------<br/>Music from TheSoul Sound: https://thesoul-sound.com/ <br/><br/>Listen to Bright Side on: <br/>Spotify - https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV<br/>Apple Podcast - https://podcasts.apple.com/podcast/idhttps-podcasts-apple-com-podcast-bright-side/id1554898078<br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook - https://www.facebook.com/brightside/<br/>Instagram - https://www.instagram.com/brightside.official/<br/>Tik Tok - https://www.tiktok.com/@brightside.official?lang=en<br/>Snapchat - https://www.snapchat.com/p/c6a1e38a-bff1-4a40-9731-2c8234ccb19f/1866144599336960<br/><br/>Stock materials (photos, footages and other):<br/> https://www.depositphotos.com <br/>https://www.shutterstock.com <br/>https://www.eastnews.ru <br/>----------------------------------------------------------------------------------------<br/>For more videos and articles visit: http://www.brightside.me
Ultra-High-Energy Particle Strikes Earth, Scientists Are Baffled
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Tareq
Secret compartment every Volkswagen vehicle has 👀 #shorts
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Duolingo reports quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 27 cents by 111.11%. Quarterly sales come in at $167.6 million which beat the analyst consensus estimate of $165.677 million.
Duolingo Reports Strong Q1 Results, Raises Guidance
⏲ 0:59 👁 1.7M
Jose Najarro Stocks
What Intel Stock Investors Should Know About Latest Manufacturing Updates
⏲ 8 minutes 35 seconds 👁 458
mr-fix
Volvo S60 V70 XC70 S80 XC90 reset service reminder
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Shopify's stock price fell 19% after the company forecast slower sales growth for the second-quarter, down from previous quarters. Adjusting for the sale of its logistics business. Shopify indicated that the sale of its logistics business to Flexport would impact its future financial projections. Chief Financial Officer Jeff Hoffmeister noted that a strong U.S. dollar and weaker consumer spending in Europe, particularly in the United Kingdom, are also expected to affect the company's forward guidance. Shopify reported first-quarter revenue growth of 29%, the fourth quarter in a row exceeding 25% growth.
Shopify Stock Plummets 19% as Slower Sales Growth Forecasted for Q2Shopify Drops 19%
⏲ 0:37 👁 1.2M
Millionaires Investment Secrets
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