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

submitted 2 years ago by L4s to c/technology

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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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[–] [email protected] 7 points 2 years ago

Searched for the headline, found one or two copies? Looks like the article is either only a single paragraph or that's all they're gonna show. Either way, here it is:

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 more than doubling of revenue the company experienced in 2021 over 2020.