I’ve posited repeatedly that when Reddit IPOs, I’ll be reallocating a significant chunk of my portfolio into their stock.
Their management has historically lacked focus, but if Reddit ever builds a half-competent search index, and positions itself as a search-first, discovery-second destination, they will be in the FANG tier of stocks.
They have the data. They have the dedicated, active user base. They have free moderation. The hard parts are solved. If only they get someone like Satya at the helm. (Also a big reason for me to believe that an acquisition may also be a good play for a AMZN/MSFT)
Their management has historically lacked focus, but if Reddit ever builds a half-competent search index, and positions itself as a search-first, discovery-second destination, they will be in the FANG tier of stocks.
They have the data. They have the dedicated, active user base. They have free moderation. The hard parts are solved. If only they get someone like Satya at the helm. (Also a big reason for me to believe that an acquisition may also be a good play for a AMZN/MSFT)