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Market
Will Reddit see an increase in advertising revenue by Q1 2025 earnings report following the acquisition of Memorable AI?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Reddit's official financial reports or credible financial news sources
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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Above $400 million • 25%