Reddit, the message board site, revealed that its revenue rose 20 percent while its losses narrowed last year. The company kicks off a process to the stock market with a value of $10 billion. It is the last of an earlier generation of social media companies to aim for the stock market. Reddit has also announced that it lost $90 million in 2023, compared to a $158 million loss the previous year. Founded in a University of Virginia dorm room in 2005, Reddit has raised hundreds of millions of dollars. The company has also faced controversies and has faced a user revolt.
