Thus, Reddit's stock is up more than 160% this year. I honestly wasn't expecting such a rise, and maybe I'm a little disappointed that I didn't buy a few shares after the IPO. I wouldn't buy now though, as I don't see why $RDDTstock should rise in the long term.
What's your take on Reddit?
IPOs are interesting opportunities, but I wouldn't buy now. Revenues and earnings are up, but the valuation and P/E are very high.
I'd be happy to buy at a lower price. It's an interesting business and I love how simple it is and yet they are doing well.
Doesn't make sense to me either. The stock only went up because of some boom and hype, but I'd be worried about it long term.
It's hard to say, it's an interesting company, but I would definitely wait to buy.
I have to say that I don't use this platform at all and I don't know much about it. But it's a nice growth and congratulations to David for a great review.
Reddit is a cool platform that I use occasionally when I'm getting people's opinions/tips or looking for some advice. Anyway, the price is really inflated and it has low profitability. So for now I would just watch the company and research its development.