According to data from Semrush, Reddit reached a historic milestone in March, clocking in a record-breaking 5.76 billion in total traffic.
March, representing a 29% surge from February and signaling a period of high-speed expansion. This suggests that Reddit thrives on the demand for information during times of global conflict and market instability.
Reddit was already looking at a record year thanks to the World Cup and midterms, but the way domestic and international unrest has activated specific subreddits is lucky break they didn't necessarily plan for.
Source:
Reddit(RDDT) saw record-breaking monthly traffic in March.
byu/MasterpieceOk8986 instocks
Posted by MasterpieceOk8986
5 Comments
How many were bots? RDDT is still a sell.
How does RDDT monetize? I never see any adds…
Google AI search pointing to Reddit as primary searches has to be great for new users. I also would never invest though
Traffic and people coming to Reddit to complain about the economy and war doesn’t increase revenue. It’s still a shitty stock. Tons of share based compensation as well. This is the next SNAP.
Yet Schwab gave it a sell today. Makes no sense.