Reddit overtakes X in popularity of social media platforms in UK $RDDT
Posted: Nov 28, 2024
- Reddit has surpassed X to become the fifth most popular social media platform in the UK
- Reddit's growth is attributed to updates to Google's search engine and Reddit's stock market flotation
- X's popularity has declined due to falling reach and competition from Threads by Meta
- Ofcom's annual report revealed that four out of 10 UK adults have encountered misinformation or deepfakes online
- One-third of UK adults lack confidence in judging whether an image or content was created by artificial intelligence
- Reddit has overtaken X to become the fifth most popular social media platform in the UK
- Reddit had 22.9 million UK adult visitors in May, compared to X's 22.1 million
- Reddit is now the fastest-growing large social media platform in the UK, with a 47% growth in 2024
- Reddit was boosted by updates to Google's search engine this year
- X's popularity has fallen, with an 8% drop in reach since May last year
- Ofcom's annual report revealed that misinformation and deepfakes are encountered by four out of 10 UK adults online
- One-third of UK adults are not confident in determining if content was created by artificial intelligence.
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - There is a mix of skepticism about Reddit's popularity and its potential for sustainable growth, although some users remain optimistic about their investments in Reddit stocks. Summarized comments: - There are mixed feelings about Reddit's growing popularity, with some users believing it has become an echo chamber and wasteland - Some users express skepticism about the legitimacy of the popularity claims, suggesting the influence of bots - A few users are optimistic about their investments in Reddit, with one user mentioning owning a significant amount of RDDT stock - Skepticism exists around Reddit's growth being linked solely to recent events, with a belief it will sustain return users - Despite skepticism, some users find personal indicators such as family members using Reddit as a sign of its popularity Stock tickers discussed: $RDDT
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