Big Tech cashes in on £1 trillion ad market boom The global ad market is booming, with spend forecast to reach $1.19 (£1.04) trillion in 2025, up 8.9 per cent from last year, according to WARC’s recent report. Growth is projected to accelerate to $1.30 trillion in 2026 and $1.40 trillion by 2027, a doubling in size since the pandemic. But while the market is [...]
Reddit: Revenue more than triples as UK profit jumps Tech Revenue at the UK arm of Reddit more than tripled during its latest financial year as profit also surged, it has been revealed. The London-headquartered division has posted a revenue of £96.7m for 2024, new accounts filed with Companies House show. That total is up significantly from the £28.4m it posted for 2023. From 1 [...]
What happens when Reddit runs the global financial system? Opinion 40 per cent of AI answers are derived from Reddit – that could mean crypto Reddit bros potentially influencing how our most trusted financial institutions, says Lewis Liu I had the honor of spending most of last week at the BIS Innovation Summit in Basel, debating AI policy for the global financial system with central [...]
Reddit’s Alexis Ohanian says Chelsea Women could be worth $1bn September 12, 2025 Reddit co-founder and Chelsea Women investor Alexis Ohanian has said interest from the United States could turn the London club into a billion-dollar business. Ohanian, who is married to tennis legend Serena Williams, purchased a stake in Chelsea Women in May, believed to be around 10 per cent at a £20m valuation. The investment valued [...]
Reddit co-founder Ohanian’s Athlos gets Sha’Carri and Thomas investment May 30, 2025 Reddit co-founder Alixis Ohanian’s Athlos athletics events has gained investment from US Olympians Sha’Carri Richardson and Gabby Thomas. The pair are joined by Tara Davis-Woodhall, with the trio set to be advisors and owners in the track and field competition. Athlos was launched to keep US track and field stars in the news after the [...]
The Capitalist: UK gov joins Reddit, a City Bluebird and an apology April 3, 2025 The UK government joins Reddit, a new Bluebird lands in the City and The Capitalist says sorry. Catch up on the latest Square Mile drama…
UK watchdog probes Tiktok over child data practices March 3, 2025 The UK’s data watchdog has launched a major investigation into Tiktok, Reddit and Imgur, raising new concerns over how social media platforms handle children’s personal information. The Information Commissioner’s Office (ICO) is scrutinising the video platform’s use of teenage user data to recommend content, amid growing fears that its algorithm could expose young people to [...]
How American Express UK is looking to crack Gen Z October 24, 2024 American Express’s UK boss, Hannah Lewis, sits down with City AM to talk breaking into a younger markets and shaking up its image. “Do you take Amex?” It’s a question that has slipped so far into the cultural lexicon there are even memes about it. Scroll through a dedicated Reddit page on American Express and [...]
Reddit backer funds weapons start-up focused on ‘budget missiles’ August 26, 2024 Start-up incubator Y Combinator, which has backed companies such as Airbnb, Reddit and Coinbase, has made its first ever investment in a weapons company, which plans to produce “budget missiles” for the US military. Ares Industries, which is based in California, aims to produce “smaller, less expensive cruise missiles” for the US Department of Defence [...]
Reddit finds the perfect non-league football club to sponsor August 8, 2024 The online forum’s football sub-section r/football will appear on the home and away shirts of the Worcesterstershire team.