“You can’t have artificial intelligence without actual intelligence,” the social media boss said during a Q2 earnings call this week. Investors seem to agree.
It’s an understatement to say that Reddit had an excellent second quarter. On Thursday, July 31, the social media company reported a boost in revenue from $281 million to $500 million—a 78% increase year-over-year (YOY). https://www.fastcompany.com/91378747/reddit-stock-is-soaring-today-ceo-steve-huffman-says-its-good-news-for-humans-in-an-ai-world
No jobs report again. But these numbers show how the U.S. economy is doing.
Investors are set to miss out on the second U.S. jobs report in a row due to the government shutdown, but there’s enough scattered evidence to suggest the economy is hanging in there.