THE HINDU - Feb 8 - Social networking website Reddit hit 6.6M app installs worldwide last month, making January its best ever month. The app gained significant traction as individual investors coordinated on the platform to buy shares of GameStop Corp, AMC Entertainment Holdings Inc and BlackBerry, and squeeze hedge funds that had bet big on the struggling companies to tank. Reddit's installs rose ~40% compared to 4.6M installs in December 2020. The app grew about 128% in January, compared with the same period in the previous year. The app has ~122M installs globally from both Google Play store and Apple's App Store with monthly active users grew ~50% in January compared to the previous year.
by Sowmya Ramasubramanian
See full article at The Hindu
See the top news on Reddit
