With reddit's IPO looming, are you guys interested in investing? I know the valuation matters, but reddit is a bit of a different social media website compared to facebook/snap etc. Do you think there's a compelling business case for reddit growing its revenue and profits? One one hand, a lot of people use it in their day to day. On the other hand, I don't see a compelling business model aside from ads. While reddit does know a users specific interests, it can't really personalize ads the same way Meta or Google can. What are you thoughts on reddit as a business?
Idk if it is worth investing, but it became a better search tool than Google
Reddit has some nice market research potential, like, there is gummysearch.com ... Reddit could just provide the same thing in better using their own data directly, and voila, lots of money
I'll just buy a single stock at IPO for the LOLz, doesn't matter if it drops but if it grows I won't regret that I didn't join the fun
Absolutely Fucking Not. Reddit’s chart will look like any SPACs. Mark my words.
+60%, followed by -70%
Good website shitty business
800m revenue and low margins? 3B valuation sure could consider
That sounds right. Established companies like Meta/Google/Snapchat are at roughly 5-7 P/S ratio. Reddit without personalized ads and slower growth ratio doing 19 P/S is nonsense. $3B would be good valuation
Not at IPO price. It's definitely a great site though.
Is it? Idea is good, but implementation is horrid. A lot of people (i know) stopped using it when apollo got axed
Horrible implementation, but it has the user base. No other competition has the community that Reddit has unfortunately