Reddit Sales Growth Slowdown Preceded Fight Over New API Fees

A stark business reality faced Reddit before a user uprising engulfed its site this month: slowing sales growth. From a report: Reddit's revenue rose 38% in 2022 to about $670 million last year, two people familiar with the matter said, faster than many other internet ad firms but a steep slowdown from the more than doubling of revenue the company experienced in 2021 over 2020. The slowdown adds to uncertainty about Reddit's hopes of going public. It comes in the wake of a highly public battle b