Reddit is profitable for the first time ever, with nearly 100 million daily users

I spent ten years on Reddit. I can use that to compare for myself the amount of engagement then and now.

If most of the users are not bots I would be so surprised. I think they lost a huge percentage of traffic and are now knowingly faking live user counts

That is awesome.

The bigger they are the more they will tempted to become billionaires.

Their greed will make them inhospitable to people. Lemmy will be here when (not if) that happens

Reddit also grew to 97.2 million daily users over the past few months, marking a 47 percent increase from the same time last year.

This is for the quarter that covers July, August and September. Last year, the API fee kicked in on July 1, killing most third-party apps, and the quarter would have also included any lingering drop in users from June's protests. So, it's a big year-over-year increase in daily users but that's compared to what might not have been a very good quarter last year.