Yes I know its a meme but for its current price of 9 Billion, it seems like as good a deal as any of the prev IPO.
YOY growth, already 800m+ yearly revenue with almost 700m gross profits. Most of their loss is due to IPO, R&D and overpayed CEO. In fact the q4 of last year was profitable and I do not think reddit is losing revenue anytime soon considering most of its audience is young people who will only get older. Also Ive noticed more ads these few months and awards which indicate they might see a revenue hike.
Why is there such a bearish sentiment? Any reason to not buy this stock? Own some and thinking of buying more after the recent earnings a few weeks back. 9 Bil might be a bit ex but if they grow a little more and do some cost cutting + monetisation it justifies the price. Serious replies please.
