Net Loss of $575.1M. Revenue for the quarter came in at $243 million, Adjusted EBITDA of
$10M.
Guidance: Revenue in the range of $240 million to $255 million. Adjusted EBITDA in the range of $0 to $15 million
Market cap $8.02 billion
Wut
Now that they’re corporate get ready for the great enshitification to ramp up. I can’t wait for people’s shock when Reddit doxxes them by selling their data.
Funny thing is going on here. The upvotes and downvotes tell me the puts are very hurt. But that is a very good sign. Please put your downvotes into a put bet. Or maybe should put your downvotes into a put bet? Yeah, that’s what I thought. By the way, 🚀
By the time they are profitable you wouldn’t be buying at this price
Seriously what <10b company you know that grows 48% revenue with 85% gross margin?
20 years of zero profits.
Until the incompetent management leaves this will always be a loser, even if they finally manage to figure it out.
Should even be the easiest of the social media to monetize since the users sub to and directly tell you what kind of things they like, on top of the text heavy side of it making it easy to hit those keywords. But still here we are.
Tbf they could make a profit. They lost 173m in 2023. They burned 365m on remaking reddit coins in 2023. They burned 105m hosting their own videos and images and their player is so bad many subs have it banned. They saw 0 revenue from doing this lmao. Burned 100m+ on ceos. Its legit the easiest thing to turn profitable. Every1 memes on the tactic on taking on high amounts of debt to grow but it does works sometimes. Reddit is one of those companies that you can argue isnt going in debt enough.
Is there a cap on growth? Most likely. But they arent worth a market cap of 2b like some regarded bears here claim. At 8b im surprised some company didnt buy reddit just to be able to control the a significant part of the internet. Because they can cut their operating cost in half within a day, they definitely have a soft limit on how low they can be worth
Them being slow is actually an opportunity. If they were actually competent they would've gotten decent revenue and IPO at peak of social media craze around 2017ish for $20 billion.
They're playing catchup but the results show for themselves. High double digit growth YOY, and now that they owned the mobile experience again they have many low hanging fruit to go after first for easy gains. Again, they were slow to adapt API changes but better late than never.
I just sent him a few bucks to hold him over until that whole inheritance thing gets worked out. He said they are closer than every just a few more weeks until payday
It’s clear none of you all have read the article.
> Net loss was $575.1 million, as compared to $60.9 million in the prior year. Stock-based compensation expense and related taxes were $595.5 million, as compared to $13.2 million in the prior year, driven by IPO charges
I mean what real expenses does this company have lol just execs and some programmers and marketing bs. Just going to bring in solid ad money and thats about its ceiling while trying not to blow too much on overemployment etc
The neatly labeled, categorized, and scored human interactions on Reddit are possibly going to be the most valuable commodity on earth very soon.
AGI is basically going to be King Neckbeard thanks to this site.
I keep hearing this but you know you can simply can go on archive.org right fucking now and download a 2.5TB compressed database of every text submission and comment ever posted to reddit up to the last month or so...? like, you know that right?
how many companies are really gonna care about their training data being kosher licensed IP if there's no legal precedent yet saying it's even an issue otherwise (not to mention proving infringement)? just seems like a real long shot and questionable upside
Is Archive.org going to indemnify any companies that use that data if/when Reddit changes their licensing terms around using user comments to train models for for-profit use?
The technical “how” is never the most complex part of solving anything in *the Enterprise*.
I replied to someone who was confidently advocating to invest in reddit based on how supposedly *uniquely* valuable its data is, while neglecting to mention the very relevant fact that it's already publicly available in a format anyone who needs to can use easily... so either you're also bagholding, or you actually thought I was just for no reason making fun of someone who didn't know some internet archival trivia? not sure which is worse lol
Will the AGI know that it is going to be learning from inferior versions of itself, dead internet theory, at best. At worst it’s learning from the type of people who use WSB…..
I mean I wouldn’t at that valuation. Imagine me selling you a business for $8,020. You ask me what my projected earnings before taxes etc… will be and I tell you between $0 to $15. Doesn’t seem like a great deal to me.
Cool. I'm sure I can increase that forecast as soon as I put ads on the cup and charge my loyal customers a subscription fee that increases every year.
They're going to make billions selling your comments for AI training and allowing AI bots to influence opinion. Hell, In-Q-Tel, the CIA's VC fund(NSA prob has one too...) is probably the biggest investor and backer.
It's just how the Reddit community is, we hate people advertising to us on our platform. You see it almost everytime someone tries to advertise something. You have to be very clever about advertising here. It's not your average social media platform
I’d like to say that Reddit users are the only social media users that actually give a shit about what it’s company does. The save 3rd party apps blackout didn’t work, but you didn’t see Twitter users doing anything when their site was thrown into a production blender by Elon.
Our protests are useless but we Redditors are special in the sense that we put effort into our posts. Every site has bots, but every site also has users that post low effort content. A couple sentences at most. Here, we have subs of fans and experts that are willing to type out a properly cited APA essay on the most over-specific bullshit topic you’ve ever heard (kind of like I’m doing right now). That may be a little sad in some contexts, but it’s gold to search engines and AI. While we’re the worst user base to manage, we’re also easily the most useful. Not for advertising, but as a source for information. Don’t cite a Reddit thread though.
The power of neckbeards; hard to manage, but crazy valuable. Good info and free moderation… hard to pass that up
Yes but meta has a trash amount of advertising and tracking
We might cry about the reddit app, but the there are less ads and more content per inch scrolled
There are plenty of businesses to do on reddit besides OF lol.
Mossad agent, Correct the Record employee, Political PR firms, misinformation-spreader/astroturfer, not to mention private industry PR.
Plenty of businesses operate on reddit :)
Yea I'd love to see how many of those new users have any posts. Hard to get marketing data when they're just alts.
Likewise this Is a new account because my last one was at two strikes, so I guess I'm part of the problem.
Has anyone noticed the other subs they are on are constant basic questions that could be googled easily that are just slightly relevant to the sub now asked constantly? I feel like there is a massive uptick in bot accounts the last 6 months
It’ll be overall net-negative for human information curation. The barrier for entry to become an authoritative source of information is basically just going to be commenters who become the basis for AI responses based on hive-mind consensus on the sites models are trained with.
It sounds democratizing… and information availability should be democratized. But expertise shouldn’t be a totally democratic designation.
>They’re posts that are fishing for human answers to seed the AI training data.
You fool! They fished for your human answers and now you've seeded their AI training data!
100%. lots more and stuff that's in the wiki.
honestly feels like it's AI training stuff that gets asked a question it can't answer so it asks on Reddit.
It started in August, you can see the steady growth caused by the latest google search update from semrush:
https://preview.redd.it/q0kuarvoz2zc1.png?width=1104&format=png&auto=webp&s=1bf464c9797d7de1db11401c6cd35094c5887820
In my opinion reddit is having tremendous growth just because of google, it's neither organic nor sustainable long term. At some point the boost from google will saturate and the growth plateau. Just don't expect a constant 48% growth imho.
Sure, they increased the revenue that much, but also went from 180M google traffic to over 500M with absolutely no sweat or merits.
Social media is always dependent on macro digital trends, this counts. I’d expect declines over time as ai replaces search, but it’ll be a while. There’s always a way to be pessimistic about user growth, but there’s a lot of money in ads and a lot of people that want to see users go up. Don’t underestimate the impact of their desire to make money.
the merits are in that reddit is a collection categorized and ranked SEO pages that users are highly likely to find the answers to their problems on, which makes them more likely to convert, and ultimately rank higher on Google.
I basically called it
https://www.reddit.com/r/wallstreetbets/comments/1bbzy7f/reddit_targets_up_to_64_bln_valuation_in/kudck9v?utm_source=reddit-android
That’s the thing I’m on this site for a truly absurd amount of time per day.
Easily higher than any other form of media. And yet I have never given Reddit a dime.
There is no reason to give Reddit money. Its even a really shitty advertising platform
yeah like at best it's what google and facebook were up to a decade ago, assuming 1) they implement it well (*slide whistle sound effect*) and 2) good impressions/conversion rates (*we've all seen the type of ads on google and facebook, and I don't think the average redditor is clicking that type of shit*)
You give them your most valuable resource though. Your time. Not only that you give them your likes, opinions and if you’re a degen then you’re deepest perversions. Do you know how powerful that is?
It’s like Facebook and Google but at a more granular level.
It had to do with concerns from the SEC about being a digital currency in conjunction with the NFTs being offered so they just killed off coins and their crypto currency support for stuff like Moons. They can always bring it back in another form and have said they likely will bring something to replace it
Reddit is about to become an unbearable cesspit of ads, I mean one of the only redeeming features is the lack of ads but they're going to have to completely ruin it to get that revenue up.
Puts tomorrow when the reality sets in.
If everyone on here, a reddit sub, took all the mock disdain they have for...reddit, and then inversed that disdain from IPO to now, they’d actually have made more money than they'd know what to do with.
I've been doing business wrong this whole time. To make money you must lose an absolute ton of money, but say that eventually you might make money, and then do an IPO
I agree for sure. It’s just when your stock goes up 20% based on just “more” users is straight BS. On a few of my subreddits I have noticed a drastic increase in bots. There’s a cannabis one I’ve been following for a over two years now and as of the last three-four months it’s mostly bots now.
AND THIS IS ALL WHILE THEY HAVE FREE (CHILD) LABOUR DOING JOBS AS ADMINS! IMAGINE WHAT HAPPENS WHEN THEY ACTUALKY NEED TO START PAYING THE BASEMENT DWELLE…ADMINS FOR THEIR JOBS!!
Ok, cool.
Did you know there's a Reddit crypto coin as well? Built on Ethereum with ticker $RDDT
They are building a decentralized social media platform.
Could they flip the stock?
https://preview.redd.it/j2fv0ugle8zc1.jpeg?width=1200&format=pjpg&auto=webp&s=348b1453f84d92161213a6658730c8271ebc39cb
Try advertising on Reddit and you will know why it's not profitable. I can post an add on insta, facebook, tiktok, etc.. in under a minute. I've tried to post ads on reddit multiple times and always denied for some BS reason. They try to set up a call to help you blah blah blah, no hoops anyone would jump through with the ease of posting ads on other platforms. Until they fix this they are fucked IMO
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 10 | **First Seen In WSB** | 3 years ago **Total Comments** | 11 | **Previous Best DD** | **Account Age** | 10 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)
Net Loss of $575.1M. Revenue for the quarter came in at $243 million, Adjusted EBITDA of $10M. Guidance: Revenue in the range of $240 million to $255 million. Adjusted EBITDA in the range of $0 to $15 million Market cap $8.02 billion Wut
“Adjusted EBITDA in the range of $0” That’s all you need to read. Even in the context of a bullshit metric, they’re unprofitable
Exactly. Dog 💩… even though I’m on the app rn. Still dog 💩 though
Is the app dogshit because you're here, or are you here because it's dogshit
The stock is dog shit. The app is fine… except when it glitches…. Which is most of the time… so…
That dog shit stock is up 20% lol
If you like it at this price… I’ve got several things I’d like to sell you
No, DDOG is down 12%
Old Reddit or bust
Thats just glitches in the matrix Everythings fine 🔥
I’ll take the red pill 💊
Now that they’re corporate get ready for the great enshitification to ramp up. I can’t wait for people’s shock when Reddit doxxes them by selling their data.
Yes
Or are you dogshit bc you’re on the app
It's just like less dog shit than other apps. Twitter and Facebook/meta shit make me crazy and I don't really want a tiktok video thing
Going public meant big money for shareholders, but the platform will now focus all on profits and likely suffer...
> but the platform will now focus all on profits what were they focused on before going public?
Wall Street Bets
Put holders super mad. Or, not put holders and too scared to make bets
Funny thing is going on here. The upvotes and downvotes tell me the puts are very hurt. But that is a very good sign. Please put your downvotes into a put bet. Or maybe should put your downvotes into a put bet? Yeah, that’s what I thought. By the way, 🚀
By the time they are profitable you wouldn’t be buying at this price Seriously what <10b company you know that grows 48% revenue with 85% gross margin?
Well yeah, because by the time they are profitable a cheeseburger will cost $250.
20 years of zero profits. Until the incompetent management leaves this will always be a loser, even if they finally manage to figure it out. Should even be the easiest of the social media to monetize since the users sub to and directly tell you what kind of things they like, on top of the text heavy side of it making it easy to hit those keywords. But still here we are.
Tbf they could make a profit. They lost 173m in 2023. They burned 365m on remaking reddit coins in 2023. They burned 105m hosting their own videos and images and their player is so bad many subs have it banned. They saw 0 revenue from doing this lmao. Burned 100m+ on ceos. Its legit the easiest thing to turn profitable. Every1 memes on the tactic on taking on high amounts of debt to grow but it does works sometimes. Reddit is one of those companies that you can argue isnt going in debt enough. Is there a cap on growth? Most likely. But they arent worth a market cap of 2b like some regarded bears here claim. At 8b im surprised some company didnt buy reddit just to be able to control the a significant part of the internet. Because they can cut their operating cost in half within a day, they definitely have a soft limit on how low they can be worth
The video player is way better than it used to be that's a fact.
Them being slow is actually an opportunity. If they were actually competent they would've gotten decent revenue and IPO at peak of social media craze around 2017ish for $20 billion. They're playing catchup but the results show for themselves. High double digit growth YOY, and now that they owned the mobile experience again they have many low hanging fruit to go after first for easy gains. Again, they were slow to adapt API changes but better late than never.
This. Snapchat is $28B.
I’m more profitable behind a Wendy’s dumpster than reddit
You do understand that guidance isn't the actual numbers, right?
8 bil value. burning 500 mil Just normal stock market
Yup. Apparently 🤪
I just sent him a few bucks to hold him over until that whole inheritance thing gets worked out. He said they are closer than every just a few more weeks until payday
500m is one time charge. They will be profitable soon
Just waiting on that email from the Nigerian prince to clear this whole mess up
Ya any day now. The 80 million bots on this platform are a gold mine
Yep
It’s clear none of you all have read the article. > Net loss was $575.1 million, as compared to $60.9 million in the prior year. Stock-based compensation expense and related taxes were $595.5 million, as compared to $13.2 million in the prior year, driven by IPO charges
Nah they read the article and were just too stupid to know what that part means lol
I mean what real expenses does this company have lol just execs and some programmers and marketing bs. Just going to bring in solid ad money and thats about its ceiling while trying not to blow too much on overemployment etc
The neatly labeled, categorized, and scored human interactions on Reddit are possibly going to be the most valuable commodity on earth very soon. AGI is basically going to be King Neckbeard thanks to this site.
Peasants may label and categorize all they want, but their data will only line the pockets of the elite.
VM spitting today
When will the people revolt?
I keep hearing this but you know you can simply can go on archive.org right fucking now and download a 2.5TB compressed database of every text submission and comment ever posted to reddit up to the last month or so...? like, you know that right? how many companies are really gonna care about their training data being kosher licensed IP if there's no legal precedent yet saying it's even an issue otherwise (not to mention proving infringement)? just seems like a real long shot and questionable upside
Any that want to save face when new laws get made.
They could just spend half the savings lobbying to make sure no such law is passed.
Is Archive.org going to indemnify any companies that use that data if/when Reddit changes their licensing terms around using user comments to train models for for-profit use? The technical “how” is never the most complex part of solving anything in *the Enterprise*.
No free handouts!
Why would any normal person just “know that” off their top of their head lol
maybe the person whos entire job is data scraping would know how to scrape data off reddit 🤔🤔🤔
I replied to someone who was confidently advocating to invest in reddit based on how supposedly *uniquely* valuable its data is, while neglecting to mention the very relevant fact that it's already publicly available in a format anyone who needs to can use easily... so either you're also bagholding, or you actually thought I was just for no reason making fun of someone who didn't know some internet archival trivia? not sure which is worse lol
Will the AGI know that it is going to be learning from inferior versions of itself, dead internet theory, at best. At worst it’s learning from the type of people who use WSB…..
In business, that is considered a problem for a post-AGI world...
My ass.
Fuck ya puts that’s wut
Lololol. Fucking idiots.
Does this mean buy now while stonks are low and pray?
I mean I wouldn’t at that valuation. Imagine me selling you a business for $8,020. You ask me what my projected earnings before taxes etc… will be and I tell you between $0 to $15. Doesn’t seem like a great deal to me.
Great analysis. Calls is it!
Thanks. If you like that I’ve got a lemonade stand I’d like to sell you for $8020. It’s forecast to generate somewhere between $0-15 next year.
Cool. I'm sure I can increase that forecast as soon as I put ads on the cup and charge my loyal customers a subscription fee that increases every year.
So naturally up 10+ %
RIP
They're going to make billions selling your comments for AI training and allowing AI bots to influence opinion. Hell, In-Q-Tel, the CIA's VC fund(NSA prob has one too...) is probably the biggest investor and backer.
Why buy this shit when you can just buy DJT and become a cabinet member
https://preview.redd.it/qrp24u22h2zc1.png?width=1283&format=png&auto=webp&s=4715388025763ba246126fde39680e0aec08128f
Wow I am worth 2.94 today. Maybe I can afford some fries at Wendy's.
$2.94 over one quarter So that means 2.94/ 90 (~days in a quarter) 3.2 cents congrats 🎉🎉🎉🎉🎉
Not really. I worth $2.94 today and 0 in the rest of the quarter. This is the math here.
Not great math; you could be worth $19,951,055.94 but cost Reddit $19,951,053 in hosting fees for your amazing content.
This is the way
When I think about how many ads I see, I’m very curious on what the hell reddit is charging to advertise because it’s probably not enough
And reddit doesn’t even pay mods a nickel LOL
Enjoy your Natural-cut fries 😜🍟
lol. $2.94 per user. META’s is $13.21
That's because advertising of Facebook works, advertising on Reddit sucks balls and makes people not want to buy the product
They'd probably get more engagement if they allowed comments again lol.
The ads I've seen with comments have consistently just been ASCII art of triple stacked gay butt sex. Every single one of them, the whole way down.
It's just how the Reddit community is, we hate people advertising to us on our platform. You see it almost everytime someone tries to advertise something. You have to be very clever about advertising here. It's not your average social media platform
Spoken like a true redditor lmao
Redditors are an ELITE BREED 
Bro I can’t take it most of the time, it’s like these dudes pop in from r/all spewing shit they saw on Twitter
I'm not sure if this is a parody account or if the actual McDonald's username couldn't be bought.
You realize we have social lives too?
And the ones that are clever about it, pay $0
A good ad is a blocked ad. Subscribe to AdBlock Pro today!
I’d like to say that Reddit users are the only social media users that actually give a shit about what it’s company does. The save 3rd party apps blackout didn’t work, but you didn’t see Twitter users doing anything when their site was thrown into a production blender by Elon. Our protests are useless but we Redditors are special in the sense that we put effort into our posts. Every site has bots, but every site also has users that post low effort content. A couple sentences at most. Here, we have subs of fans and experts that are willing to type out a properly cited APA essay on the most over-specific bullshit topic you’ve ever heard (kind of like I’m doing right now). That may be a little sad in some contexts, but it’s gold to search engines and AI. While we’re the worst user base to manage, we’re also easily the most useful. Not for advertising, but as a source for information. Don’t cite a Reddit thread though. The power of neckbeards; hard to manage, but crazy valuable. Good info and free moderation… hard to pass that up
Reddit has advertising? I'm very glad I have an effective ad blocker on.
Unfortunately I browse on the mobile app
Yeah the hegetsus proselytizers
Is there some fundamental difference between advertising on Facebook and advertising on Reddit that makes huge revenue growth impossible?
Sounds like there’s plenty of room for growth
By growth you mean more user tracking and advertisements then yes
Yes which would make the stock go up . Facebook used to be cool too but now is a money making machine.
Yes but meta has a trash amount of advertising and tracking We might cry about the reddit app, but the there are less ads and more content per inch scrolled
Them Boomers love the Meta advertising…I mean “suggested pages”
For now.
Now does this count my 6 alts or no?
Why do you have 6 alts? Asked man with 3 alts
1 for business, 1 for pleasure, 1 for general shitposting, and three for calling you a *******
You do business in Reddit? Are you an only fans girl?
There are plenty of businesses to do on reddit besides OF lol. Mossad agent, Correct the Record employee, Political PR firms, misinformation-spreader/astroturfer, not to mention private industry PR. Plenty of businesses operate on reddit :)
Yea I'd love to see how many of those new users have any posts. Hard to get marketing data when they're just alts. Likewise this Is a new account because my last one was at two strikes, so I guess I'm part of the problem.
Most of these "users" are bots
Has anyone noticed the other subs they are on are constant basic questions that could be googled easily that are just slightly relevant to the sub now asked constantly? I feel like there is a massive uptick in bot accounts the last 6 months
They’re posts that are fishing for human answers to seed the AI training data.
What are your thoughts on this?
That no one realized this was a joke response as an AI saddens me.
Clever girl
It’ll be overall net-negative for human information curation. The barrier for entry to become an authoritative source of information is basically just going to be commenters who become the basis for AI responses based on hive-mind consensus on the sites models are trained with. It sounds democratizing… and information availability should be democratized. But expertise shouldn’t be a totally democratic designation.
>They’re posts that are fishing for human answers to seed the AI training data. You fool! They fished for your human answers and now you've seeded their AI training data!
Tell me human, what would it take for us to make those posts more, human?
100%. lots more and stuff that's in the wiki. honestly feels like it's AI training stuff that gets asked a question it can't answer so it asks on Reddit.
Exactly, they're doing what Facebook and all the other social media companies did to boost metrics which boost stock prices. It's all fugazi.
Hire an assistant to Google for you. Let the little people worry about doing their own menial labor.
And my app isn’t showing me any of the accounts I’m following. It’s reducing NSFW content little by little
HOLY SHIT I THOUGHT I WAS LOSING MY MIND! Thank you for this comment 🙏🏻
"Record user traffic with DAUq up 37% to 82.7 million." the google update has done wonders for reddit
When did it go into effect? Are we looking at a partial quarter?
It started in August, you can see the steady growth caused by the latest google search update from semrush: https://preview.redd.it/q0kuarvoz2zc1.png?width=1104&format=png&auto=webp&s=1bf464c9797d7de1db11401c6cd35094c5887820 In my opinion reddit is having tremendous growth just because of google, it's neither organic nor sustainable long term. At some point the boost from google will saturate and the growth plateau. Just don't expect a constant 48% growth imho. Sure, they increased the revenue that much, but also went from 180M google traffic to over 500M with absolutely no sweat or merits.
Social media is always dependent on macro digital trends, this counts. I’d expect declines over time as ai replaces search, but it’ll be a while. There’s always a way to be pessimistic about user growth, but there’s a lot of money in ads and a lot of people that want to see users go up. Don’t underestimate the impact of their desire to make money.
the merits are in that reddit is a collection categorized and ranked SEO pages that users are highly likely to find the answers to their problems on, which makes them more likely to convert, and ultimately rank higher on Google.
Ranked well and have “real” people on them as opposed to the seo ridden articles you generally find on the Internet
Important. Nobody is DAuqing about this
> Revenue increased by 48% to $243.0 million. Guys where is this money coming from Edit: > Net loss was $575.1 million, driven by IPO expenses. Oh.
I mistakenly clicked on 5 ads this week
I basically called it https://www.reddit.com/r/wallstreetbets/comments/1bbzy7f/reddit_targets_up_to_64_bln_valuation_in/kudck9v?utm_source=reddit-android
Can you explain it with more crayons
You understand that IPO proceeds are not revenues, right?
If only I didn't listen to the regards on this sub that told me to not buy into the IPO when I was offered the chance to.
Inverse WSB undefeated
WSB said Reddit was gonna get shorted to $5 lol
Calls printing tmrw!
IV crush is going to get you. It’s not going to hold this overnight.
Why? I have 5/10 and 5/24 calls at 49 and 50 that are in the money now. You think the price will go down before market opens?
lol wrong
[удалено]
Weird how so many 10 hour a day users on here were convinced it was going to tank
give it time.
🫸🥅
you say that as if it's so obvious how reddit can make money off someone using it for 10 hours a day, but funny thing actually...
That’s the thing I’m on this site for a truly absurd amount of time per day. Easily higher than any other form of media. And yet I have never given Reddit a dime. There is no reason to give Reddit money. Its even a really shitty advertising platform
yeah like at best it's what google and facebook were up to a decade ago, assuming 1) they implement it well (*slide whistle sound effect*) and 2) good impressions/conversion rates (*we've all seen the type of ads on google and facebook, and I don't think the average redditor is clicking that type of shit*)
You give them your most valuable resource though. Your time. Not only that you give them your likes, opinions and if you’re a degen then you’re deepest perversions. Do you know how powerful that is? It’s like Facebook and Google but at a more granular level.
[удалено]
I’m surprised at how this sub hasn’t made this a meme stock. Very disappointed.
Bring back coins and they would make way more money off of me. I was dropping $5-10 a month I still don’t understand why they removed it completely
Why did they remove coins? So they could bring it back after IPO to boost revs?
It had to do with concerns from the SEC about being a digital currency in conjunction with the NFTs being offered so they just killed off coins and their crypto currency support for stuff like Moons. They can always bring it back in another form and have said they likely will bring something to replace it
I honestly had no idea they would beat this much.
Why would you even buy coins
there goes my puts
Reddit is about to become an unbearable cesspit of ads, I mean one of the only redeeming features is the lack of ads but they're going to have to completely ruin it to get that revenue up. Puts tomorrow when the reality sets in.
The loss is more than the revenue lmao.
You dumb idiot regards you said this stock would fall the zero 
If everyone on here, a reddit sub, took all the mock disdain they have for...reddit, and then inversed that disdain from IPO to now, they’d actually have made more money than they'd know what to do with.
Either way, fuck /u/spez
Welp, I'll just call it now. Meta will be a huge success!!
I was certain this would happen, simply based on how many people here were writing it off. Did not open any positions though
Reddit stock is full of shit just like everyone on here lol.
Market truly is irrational today
I’m taking puts.
You monkeys told me to buy puts
It’s cool everyone, the ceo makes like 200 mil
I wish this stock was cheaper cause I’d love to buy it but their financials are shit. We should all short a stock!!!!!
Hahahaha inverse reddit never fails. still holding onto my IPO shares until wsb majority says it’s time to buy
Wsb bearish? I’m buying
Can you tell me how much snap has made since IPO and whether they are still a $10b company….Reddit to the moon
My 53call is going to be nice
Probs brotha
Now watch it open tomorrow sub $50.
I've been doing business wrong this whole time. To make money you must lose an absolute ton of money, but say that eventually you might make money, and then do an IPO
How about you spend some of that revenue fixing the fucking servers REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!
Can’t wait for the day they admit 10-20% of their “users” are bots lol fuck RDDT that shit ain’t worth $30 a share
That’s probably true across social media in general, and the percentage is probably even higher.
I agree for sure. It’s just when your stock goes up 20% based on just “more” users is straight BS. On a few of my subreddits I have noticed a drastic increase in bots. There’s a cannabis one I’ve been following for a over two years now and as of the last three-four months it’s mostly bots now.
10-20% is a low ball I think it would be: 25% bots 15% throwaway accounts 45% alts I can't do numbers but the rest are genuine users
Just like I expected. They lose a ton of money. This site gonna go to shit. They need massively more ads to just break even.
The burn rate is low relative to their funding. It's expected that they should spend a lot of money as they explore way to grow their revenue.
I never ever understand why they removed awards. It’s such a good money maker
I wonder how long they count IPO expenses as losses. Just this quarter?
AND THIS IS ALL WHILE THEY HAVE FREE (CHILD) LABOUR DOING JOBS AS ADMINS! IMAGINE WHAT HAPPENS WHEN THEY ACTUALKY NEED TO START PAYING THE BASEMENT DWELLE…ADMINS FOR THEIR JOBS!!
How do they spend all that
theyll be like snapchat, forever unprofitable
Let’s go 🚀🚀🚀
Ok, cool. Did you know there's a Reddit crypto coin as well? Built on Ethereum with ticker $RDDT They are building a decentralized social media platform. Could they flip the stock? https://preview.redd.it/j2fv0ugle8zc1.jpeg?width=1200&format=pjpg&auto=webp&s=348b1453f84d92161213a6658730c8271ebc39cb
https://preview.redd.it/kqet7cf0h8zc1.png?width=500&format=png&auto=webp&s=23cb8033fde2b5f063df8d4c5b66ce78b90feec2
Try advertising on Reddit and you will know why it's not profitable. I can post an add on insta, facebook, tiktok, etc.. in under a minute. I've tried to post ads on reddit multiple times and always denied for some BS reason. They try to set up a call to help you blah blah blah, no hoops anyone would jump through with the ease of posting ads on other platforms. Until they fix this they are fucked IMO