RDDT under $110 - Strong L-T buy?

Reddit is a liberal cesspool. I don’t buy stocks of evil companies because they don’t do well long term. Look at Disney.

Think about it for a moment in real terms. Reddit is loaded with people who are mostly unemployed or under employed, probably living with parents or riding one of their friend's couches. They constantly complain about everything being somebody else's fault, and literally the hall monitors of the internet.

The ads being sold on reddit are not really going to show any sales growth for the companies advertising there and eventually it's going to become glaringly clear this is the case.

Reddit is still just a new and shiny stock and that is what is driving numbers at this point.

3-5 years from now reddit will be a sub $20 stock.

I think their only value is virgin data to train AI, but they’ve already extracted that value. They relied on community crowd sourcing and topic curation. Nobody’s continuing to do that for free now that they’re a public corp. The data moving forward will also be increasingly questionable as it gets more infested with bots. If you want to see what Reddit will look like in a couple years go check out quora.

If you liked it at $110, then here's your chance to buy this falling knife at $104.

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Reddit needs to figure out how to monetize with the LLMs

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I must admit I had to google this, very interesting indeed. Went down a rabbit hole with Reddit and LLMs and Robotics Foundation Models.

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Up 20% AH

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Let's ride this up to $220 plus. All aboard!

That ship sailed. Reddit already licensed its data to Open AI, so there’s no value in purchasing the cow. And, last year U. of Zurich did a study where they where they validated AI is more is a more effective tool for changing opinions than people. When their Reddit guinea pigs learned about it they were forced to retract it and apologize. Nonetheless, it’s pretty safe to assume Reddit data no longer any better than the rest of the junk currently proliferating the internet.

At the end of the day, who’d have thought the Carvana lunacy would still be raging, so there’s no reason to think Reddit should lose any steam.

I bought the IPO then got spooked and sold when it tanked. Got back in at about 100 and just stopped looking at because i knew that it would run at some point. Now my only regret should have bought more.

I love these threads where money board rips apart a good stock, then the bump shows everyone with egg on their face