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Stephanie Turner
2 years ago
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Reddit's explosive growth may continue

- Reddit's stock rose 40% last week, to $115/share
- That's more than triple the company's share price at IPO
- Reddit was trading at a multiple of 11.2x of 2025 revenue
- Investors are betting that Reddit's growth will continue to grow
- DAU figure up 47% year over year, to nearly 100 million
- Reddit is growing much faster than most other social networks
- Ad sales due to audience growth grew by 50%
- It attracts thousands of new advertisers every quarter
- The number of users who log in without an account is growing
- DAU of such users for September showed an increase of 70%
- Meanwhile, the DAU of those with an account grew 27% to 44.1 million
- Most Reddit content is available in English
- Machine translation will expand to 30+ countries by the end of 2025
- Reddit revenue could grow 29% by the end of 2025
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Pavel Ryzhikh
MEDIA
2 years ago
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New 3D-printed city car with AI will be an emotional companion for drivers

The Swiss company PIX Moving Team has presented an innovative microcar Robo-EV. According to the authors of the project, it promises to be an ideal companion for urban travel.
This unique transportation is fully printed on a 3D printer. Robo-EV is designed for mobility in a busy city. One of its key advantages is its lightweight and durable chassis made of basalt composite. In addition, the vehic
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Stephanie Turner
2 years ago
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Saudi Arabia plans to invest $100 billion for new AI center to compete with UAE

- Saudi Arabia intends to allocate up to $100 billion for the project
- The authorities are creating an AI center to compete with the UAE
- The center will deal with investments for data centers, startups, etc.
- The authorities' new project is called Project Transcendence
- It should also help attract new IT professionals and others
- The project will be able to stimulate investments for the coun
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