Reddit Finally Profits After 20 Years: Turns Out Memes Do Pay Bills!

After almost two decades of growth and adaptation, Reddit has finally turned a profit! According to its third-quarter report, the company posted a $29.9 million profit, driven by a revenue growth of 68% year-over-year to $348.4 million. This milestone marks a major turnaround, especially since Reddit went public earlier this year. Initially, they’ve rep…