Did you see Reddit crack the top 10 most downloaded apps list in the U.S. this week? I sure did.
Reddit's popularity has been soaring lately. Between the need for more news and meme stocks, more and more people see Reddit as a mainstream platform and not just another online forum.
So far in June, daily downloads have nearly doubled, rising from around 80K in May to 150K this week.
The rise aligns with the latest batch of excitement around meme stocks, something one subreddit is directly responsible for and keeps giving Reddit more downloads.
This bump isn't nearly as high as the last time meme stocks were all the rage, back in January, but is significant enough to say Reddit is slowly making its way into the list of platforms everyone "knows" about.
Just a thought. If we go a few years back, there's another platform that evolved that way, and that's Twitter. It might be a bit hard to remember when it hit its inflection point, but I was there from the start and remember how it evolved from a thing a few tech folks use to something people use to yell at politicians. Reddit is very different, but maybe.
December saw a curious split: downloads dropped 2% while revenue sat at $1.3B. ChatGPT and TikTok dominated both charts as the mobile industry enters a new maturity phase.
Wall Street bet $2 billion on Polymarket, and downloads surged 1,172% in December. The prediction market banned in 2022 is now where Wall Street looks for signals.