Reddit says it's doubling down on native search as it reports its 'most profitable quarter yet'
1. Reddit reported its most profitable quarter with $500 million revenue. 2. Core search product has 70 million weekly users; aiming to compete with Google. 3. CEO plans to integrate Reddit Answers into core search platform. 4. Concerns arise over dependency on Google for traffic long-term growth. 5. Q2 net income reached $89 million and 37% increase in daily active visits.