theinformation.com

Reddit Falls Short of Ad Growth Targets Ahead of Likely 2024 IPO (www.theinformation.com)

If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. An IPO will put the spotlight on the prospects for Reddit’s advertising business, which has fallen short of ambitious growth targets outlined by executives two years ago....

Meta Scales Back Ambitions for AR Glasses (www.theinformation.com)

In March 2020, as the Covid-19 pandemic began to transform the world, the company then known as Facebook struck a deal to buy all the augmented reality displays made by British firm Plessey. At the time, the deal appeared to be a savvy way of squeezing out Apple in the competition to develop AR ...

Reddit sales growth slowdown preceded fight over new API fees (www.theinformation.com)

A stark business reality faced Reddit before a user uprising engulfed its site this month: slowing sales growth. Reddit’s revenue rose 38% in 2022 to about $670 million last year, two people familiar with the matter said, faster than many other internet ad firms but a steep slowdown from the ...

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