Reddit is one of the only social media platforms seeing double-digit user growth in 2024.
W6/Getty Images; Jenny Chang-Rodriguez/BI
- Reddit saw a 50% increase in daily active users in the second quarter, outpacing competitors.
- The platform's growth contrasts with X's 1.6% and Meta's 7% increases in the same period.
- Reddit's success is driven by its use as a search engine and partnerships with OpenAI and Google.
Reddit may be one of the only social media companies seeing tons of new people sign up.