The Globe and Mail reports in its Friday edition that Reddit's net loss in 2023 narrowed to $90.8-million and revenue growth was 21 per cent (all figures U.S.). A Reuters dispatch to The Globe says that the social-media company released its initial public offering documents on Thursday -- almost two decades after Reddit's launch. The IPO will be a major test for the platform that still lags the commercial success of social-media contemporaries such as Meta's Facebook and Twitter, now known as X. Reddit said it had an average of 73.1 million daily active users and 267.5 million weekly active users in the three months ended Dec. 31, 2023. The company said more than 100,000 active communities used its platform, which had one billion cumulative posts. In the IPO filing, Reddit posted a narrower net loss of $90.8-million for the year ended Dec. 31 and logged revenue growth of $804-million, up from $666.7-million a year earlier. While Reddit was launched around the same time as other social-media pioneers such as Meta, its user base is far smaller than its contemporaries. Reddit has struggled to monetize its platform, resulting in slower growth compared with larger social media peers.