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21

That’s funny :sweat_smile:

3 Likes
22

Sleeping giant

Better targeting on ads then most realise based on threads and keywords

B2B advertising capabilities are second only to LinkedIn

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:chart_with_downwards_trend:

think it’ll plummet like a lot of US IPOs seem to do?

4 Likes
25

I like Reddit too as a forum but investing in a company that has never made any money wouldn’t be one of my leading options.

Buffett has never been a big fan of IPO’s either.

2 Likes
26

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Sub $3 ARPU? What’s this Facebook in 2010?

1 Like
27

Up 14.5%~ in pre-market, whatever the case

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2 Likes
29

https://out.reddit.com/t3_1h1v83b?app_name=ios&token=AQAAQ7xIZ5XNwIFRx9r2sgff9x8-LjIdym13azPkVegGL5PEIjZE&url=https%3A%2F%2Fwww.theguardian.com%2Ftechnology%2F2024%2Fnov%2F28%2Freddit-overtakes-x-in-popularity-of-social-media-platforms-in-uk

With a market cap of $24bn this has now blown past many of the ‘contenders’ of Pintrest & Snap.

Is this the peak or basecamp?

30

As a platform I think Reddit has the best long term prospects out of all of those, but it does seem expensive to me. That said I brought in at a PE or like 150 a few months ago (arguably already insane) and it’s more than doubled since so really who knows :man_shrugging:

I feel like at least a bit of the rise it is AI hype tbh.