Reddit Posts $575 Million Loss Tied to I.P.O. but Also Strong Growth

Reddit on Tuesday reported a more than $500 million quarterly loss in its first earnings report as a public company, largely due to stock-based compensation expenses incurred during its initial public offering in March.But the social media company also posted robust revenue and user growth, underscoring the potential of its digital advertising business as people flock to the site. Last month, Google, Meta and…