Reddit, Inc.
RDDTReddit, Inc. is a social media platform and online community where users can share, discuss, and vote on a wide variety of content, including news, entertainment, and personal interests. Founded in 2005, Reddit is organized into user-created "subreddits" that cover virtually every topic imaginable, fostering active and diverse online discussions.
Company News
Reddit, a rapidly growing social platform with 116 million daily active users, shows strong potential for long-term investment. The platform's unique value proposition lies in its high-intent user base and impressive advertising revenue growth, with analysts projecting significant earnings per share expansion.
Activist investor Eric Jackson published an investment thesis arguing Nextdoor is undervalued as an AI platform, projecting potential share prices up to $11 or even $374 in an optimistic scenario, which triggered significant retail investor interest and stock price surge.
Retail investors focused on five key stocks during the week, driven by earnings reports, AI developments, and market speculation across tech, food, and internet sectors.
A class action lawsuit has been filed against Reddit alleging false statements about user traffic and advertising revenues, primarily due to Google Search's AI features disrupting Reddit's traffic and stock performance.
