Reddit(RDDT) earnings this week. Get in while you still can.
Posted: May 05, 2024
- Reddit's market cap is only $7 billion, compared to similar companies like Pinterest and Twitter which are worth 5X that - Reddit hasn't historically advertised as well or have cash generating products like premium accounts and marketplace platforms - Reddit's traffic may have bots - Upside: low risk, high potential for cash generating products, increased traffic due to Google algorithm, influential platform - Downside: Reddit's Executive Team owns a majority of shares which may hinder innovation and monetization
Summarized top reddit comments: - RDDT expected EPS -$8.71 and CEO owns 61.5% class A shares - Market is irrational and retail investors don’t control the market - Option chain has low liquidity and may have high premiums - Reddit ad business is not profitable - Echo chamber with high traffic is not a good investment - Some are considering puts for earnings, while others are considering calls - Market movements may be unpredictable and may not shift much
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