Reddit shares are trading higher following a report suggesting the company has made deals with major sports leagues to get content to its site and draw advertisers.
Portfolio Pulse from Benzinga Newsdesk
Reddit shares are trading higher following a report suggesting the company has made deals with major sports leagues to get content to its site and draw advertisers.
July 22, 2024 | 3:06 pm
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Reddit shares are trading higher after the company reportedly secured deals with major sports leagues to enhance its content offerings and attract more advertisers.
The partnerships with major sports leagues are likely to increase user engagement on Reddit's platform, making it more attractive to advertisers. This could lead to higher revenues and improved financial performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100