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Shares $RDDT have risen by more than 390% over the past two years, which is a solid performance. After the IPO the shares plunged significantly, but they later recovered and the company is doing quite well now. At the current valuation I won't invest in it, but after a possible correction it could be interesting.
What are your thoughts on Reddit? Do you hold $RDDT in your...
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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?
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IPOs are interesting opportunities, but I wouldn't buy now. Revenues and earnings are up, but the valuation and P/E are very high.
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Reddit: Financial success and growth potential
Shares of Reddit $RDDT rose 22% after the company posted third-quarter results, which saw earnings per share of 16 cents and revenue of $348.4 million, beating analysts' expectations. The number of daily active users grew 47% year-on-year to 97.2 million, strengthening the platform's position in the social media market. Reddit...
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Bulios Black
This user has access to exclusive content, tools and features of the Bulios platform thanks to their subscription.
I'm curious how Reddit will approach LLM models. Right now they get some revenue from chatbots that draw on their content when answering queries. But what will it be like in a few years when people become more comfortable and a scenario similar to what was predicted for Google becomes likely? Will people visit their pages or just rely on a quick answer? Advertisers will inevitably have to respond to this.