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Job openings barely budged in March as the hiring rate reached its highest level in nearly two years, Labor Department data released Tuesday showed. But layoffs also crept higher.
Reddit shares jumped over 12% on Friday after an upbeat quarterly revenue forecast underscored growing returns from the social media company's AI-driven advertising tools. If current gains hold, Reddit is on track to add about $3.4 billion in market value. The company's AI-optimized ad platform enables advertisers to place targeted ads directly within relevant discussion threads across its interest-based communities called subreddits.
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