The Zhitong Finance App learned that Reddit (RDDT.US) rose by about 6% on Thursday and stopped falling for four consecutive years. Earlier, Piper Sandler said that the average number of users of the social media platform increased 8% month-on-month in August, the strongest monthly increase this year. According to Piper, the number of users dropped by 2% in July, and the increase in Feed audience in August was enough to offset the decline in Conversation users. According to the broker's analysis of Reddit Ads Manager data, the year-on-year growth rate of total audience in August accelerated to 18% from 12.8% in July.

The Zhitong Finance App learned that Reddit (RDDT.US) rose by about 6% on Thursday and stopped falling for four consecutive years. Earlier, Piper Sandler said that the average number of users of the social media platform increased 8% month-on-month in August, the strongest monthly increase this year. According to Piper, the number of users dropped by 2% in July, and the increase in Feed audience in August was enough to offset the decline in Conversation users. According to the broker's analysis of Reddit Ads Manager data, the year-on-year growth rate of total audience in August accelerated to 18% from 12.8% in July.