As Reddit enters a new decade, the platform is hitting growth milestones that probably seemed like a pipe dream when it launched in 2005. With 430 million monthly active users, it's the fifth most-visited website in the United States and has a valuation of $3 billion. But for Chief Operating Officer Jen Wong, the song remains the same for Reddit.
"I actually don't think it's new, this growth, I think it's been happening over time," she explained to Cheddar's Michelle Castillo in an interview at CES.
"It's because people like the context, they like the realness, they like the fact that they can get together with people they may not know but have a shared interest and talk about the things they care about."
Reddit remains the go-to place for many when it comes to learning more about a particular subject from others like themselves.
"When you think about the internet, more people want to spend time intentionally. They want to spend time on things they care about," said Wong.
That is why the COO believes Reddit's ad business, which is only a couple of years old, offers brands an unparalleled opportunity.
"Somebody is seeking information or understanding, versus kind of scrolling through it, and they're in a mindset of openness, of trust, of looking for realness and information from their peers," she explained.
"It's an unduplicated mindset anywhere else in digital life."
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
Visa is hoping to hand your credit card to an artificial intelligence “agent” that can find and buy clothes, groceries, airplane tickets and other items on your behalf.
Skift Editor-In-Chief Sarah Kopit discusses how summer travel plans remain uncertain for most as many international travelers are leery to travel abroad. Watch!
