Reddit, Inc. (NYSE:RDDT) is looking for M&A. Drew Vollero Chief Financial Officer said during the Second Quarter 2024 Earnings Conference Call, "The company will look to deploy capital where it makes sense over time with capital priorities being: first, investing in our business, M&A, and share repurchases". "The first priority will be and continues to be investing in the business. There aren't huge ideas right now from a capital investment perspective.

And so we're also starting to look at M&A. You saw us tuck in Memorable in the quarter, so there's money available for that. And then sort of we'll start to think about share repurchases as we move forward as well. So those are sort of the capital priorities".