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Market
What will be Reddit's market share change in the digital advertising industry post-acquisition by Q4 2024?
2
Resolution / Starting Odds
Increase by more than 5% • 25%
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No significant change • 25%
Decrease • 25%
Market analysis reports from credible sources such as eMarketer, Statista, or financial analysts
Story
Reddit Acquires AI Startup Memorable AI in $40 Million Deal to Boost Advertising Capabilities
Aug 1, 2024, 11:16 AM
Reddit has acquired Memorable AI, a startup that leverages generative artificial intelligence to assist marketers in creating more effective advertisements. The acquisition is valued at approximately $40 million. Memorable AI, a portfolio company founded by Sebastian and Camilo, uses AI to predict ad performance and generate high-performing creatives. This move is aimed at enhancing Reddit's advertising capabilities.
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Similar markets
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