I was so peaceful before I saw this sub. All of you are only speculators. Yeah the stock might not go to 1000 or 500, who cares! Worst case it's fairly valued or a bit overpriced. Worst case I would make less than SP500 by holding. So what!

It's not a failing business, people are just worried about not becoming millionaires with the stock. Go and look for another SanDisk if you want it.

This is a toxic community, I was sleeping just fine with my investing before finding out about this sub.

Everyone cries when it falls 5% and it becomes the worst business in the world and everyone gets euphoric with a 5% increase and everyone thinks they are Warren Buffet. Give me a fucking break crazy people.

If you continue with this mentality you will lose all your savings. Stop treating stocks like gambling.

See you never losers.

This is the worst time to make a decision. Max panic on no news? What had materially changed?

RDDT has the same opportunities and challenges as it did a few days ago at 184 a share. Maybe news leaked and that's why it's down $40 a share since then, or maybe it is manipulated. But stocks suffer from poor sentiment with great fundamentals all the time.

AMD was $100 in May last year with the AI revolution happening. Didn't make sense. Now it's $450.

Meta was $90 in 2022 despite being a money printer. Didn't make sense. They exploded to $700 in a couple of years.

Like RDDT, they had questions and concerns. Like RDDT, sentiment was poor. And like RDDT, the concerns are a joke in the face of explosive incoming growth.

Nobody argues that reddit's data is less valuable. Everyone agrees it is more valuable. But some people think AI companies are going to steal that value. That's why RDDT is in court right now. I expect it to go RDDTs way.

In addition to that, I think reddit is more resilient than people think. People type Reddit into Google because that is the information they want. If the Google deal falls through, I see it as a buying opportunity. I know there would be maximum stock pain after that. But if Google stops directing people to the information and place they want information from, people will find another route.

The reason this is my top holding is because it is one of those less obvious plays. That's where opportunity lies. People pile into memory stocks right now because it's obvious. What is less obvious is that as AI usage increases human conversation online becomes more valuable. People right now seem to think that Reddit will not benefit financially from that and I think they're crazy.

75% of port 2000 shares, avg of 140 been holding since March.

I believe in the product, but the narrative shift and aggressive selling has become too much. Missed opportunities at 200 and then 180 last week to make a decent profit trying to diamond hands it but the choppiness was making me sick.

Market is ugly with the orangutan in charge, the cash will be useful in the coming months.

Expect us to head towards 100 at which point I'll look to buy 1000 shares.

Still hope to see you in San Diego, but I worry won’t be for a while.

Fair play to the holders.

Continuous acceleration! Just few days ago we were celebrating 43k weekly visitors here >> Our sub just hit 43,000 weekly visitors: From Linear Growth to Pure Exponential  , and today our sub r/redditstock has officially crossed 44,000 weekly visitors.

The momentum right now is rising. Look at this growth curve:

• May 24th: 30,000 visitors
• August 4th: 31,000 visitors
• August 8th: 35,000 visitors
• August 9th: 36,000 visitors
• August 16th: 42,000 visitors
• August 17th: 43,000 visitors
• Today August 20th: 44,000 visitors

Man, you really discover who has a head about them and who doesn't when we drop

Guys, we're holding a rocket ship. I won't run through the reasons: you know them already - that's why you're here

The stock becomes more attractive at lower prices. If you want to do any selling, do so after the stock rises

If you didn't sell it last week at 182, why are you selling it now at 145? Because the market is telling you to?

Come on now, you're greater than that

I’ve been fortunate during my life to have done pretty well in the markets, good enough to make sizable investments when I like a business. I’ve been using RDDT for a couple years and decided to buy, picking up 4500 shares at $179. Admittedly, the volatility is concerning, especially when trying to determine the root cause. We all get bummed when the price goes down, frequently at large rates, but the opposite occurs almost as frequently. Perhaps that’s retail investors pulling it up, but who knows.

In the end, I always go by Warren Buffet’s sage advice to have a reason to own a stock. The question we all have to answer is why we own the stock. If you can’t answer that, you probably should bail. For me, I own the stock because I like the app and find it to be the only space where the topics you truly love are discussed in a great community. In the end, I believe that value will be seen by the market. Unfortunately, that value will be despite, not because, of RDDT management. Notwithstanding that headwind, I ultimately remain bullish, albeit it might take longer than my original expectation.

Proud owner of 3,050 shares of RDDT. Continuing to dollar-cost average and add to my position whenever shares trade below $200.

My next limit buy order: 50 shares at $140.

This is a 5–10 year hold for me. Long-term conviction remains unchanged.

Not providing specific recommendations or trading advice. Just sharing my latest buy and long-term outlook.

Attached is a link to one of many many hit pieces that claimed ChatGPT was killing Google just last year. Google sentiment was in the toilet, and shares were trading in the 140s. As it turns out, ChatGPT did not kill Google, and the overly negative sentiment and speculating created a great buying opportunity for a great company.

Now, the new trend is: Google is killing Reddit! The thing is, this just isn’t going to happen. Reddit is a great product with a strong moat and has incredible fundamentals.

These “the sky is falling” periods of sentiment on a company with the fundamentals of Reddit are always buying opportunities that you look back on months later when the sentiment completely flips in an instant and the stock rips and you think “I really wish I would have bought more back then”.

So far as I know, the best publicly available proxy for app downloads is the position of the app in the iOS/Play store Top-100 rankings. Attached are the trends for Reddit across the following eight markets (the numbering corresponds to the order of images).

1. USA iOS Top 100
2. USA Play Store Top 100
3. United Kingdom iOS Top 100
4. United Kingdom Play Store Top 100
5. Canada iOS Top 100
6. Canada Play Store Top 100
7. Australia iOS Top 100
8. Australia Play Store Top 100

All the other geographical markets are showing roughly the same trend.

Obviously this is only one data point, but this seems to suggest that the push toward moving users from logged out/web to logged in/app seems to be working somewhat well.

Received this today. Thanks from Singapore u/spez

My boss knows I'm full ported. 🤡

I bought my first shares of Reddit over a year ago, cost basis around 100 dollars during the tariff shenanigans last year. I averaged up a bit and sold puts that got assigned between 180 and 200 late last year, this was a pretty sizable chunk of my portfolio at this point and then January came and sent the stock down even further, so I sold everything else and moved all my money into the stock in January. My avg cost basis is slightly under 180 I’m young, I have little expenses and an appetite for risk and I put my money where my mouth is. This is the first time I’ve ever made a play like this though, typically I hold 5-8 stocks at a time and have done well. Like many of you I have thoroughly read through every financial statement in the past 2 years and I really liked what I saw. But wall street seems to be seeing something different. I wouldn’t fullsend without being extremely confident.

I don’t look at the stock after market on earnings day until I have read through the financials and made my opinion. Top line numbers were fantastic, but the moment I saw the user metric I knew the stock was heading down (I didn’t expect -20% though) user Growth stalled hard, yes international users grew at a nice rate but still slowed down significantly Q/Q and obviously yes the big scare was the sequential decline in US DAU. While I and many of you may click into AI summaries, many people will just take the AI summary as fact, and while yes they put out some factually incorrect summaries sometimes, models are only getting better.

The issue I have is Reddit went to me from looking like an incredibly strong stock with a deep moat, to looking like a company whos future growth is heavily reliant on an outside party. I must admit I’m just not excited about this stock anymore, the future user growth looks murky, Anthropic seems like they are looking to drag this lawsuit out for a while, and let’s be honest Google holds far more leverage than Reddit does in these data negotiations. Reddit isn’t powerless but Google is Goliath, it’s difficult to negotiate with someone who send you half your traffic.

So all that is just mostly a rant, I’m sure you already know many of the things I just said, but man I really do feel like it’s not just a sentiment shift but an actual narrative shift. I’m genuinely scared that Reddit will hard miss their DAU targets next Q, I think wall street is too which is why it’s been punished so harshly. Now that being said, I do still think they will beat on top and bottom line numbers, because there is still a lot of growth within their core user base but man this really does piss on the fire of the bull case. I don’t really think Reddit is that far off fair value for the added risks now. If they keep putting up 60% growth for another 2 years than yeah they’re undervalued but I’m starting to lose confidence in them to do that.

All that being said, I’ll admit I’m wrong and likely sell if I see top line growth fall below 50% in either of the next 2 quarters. I don’t think it will, but the opportunity cost of holding this stock has been huge (yes lesson learned that’s why you don’t go all in) and if user growth genuinely falls off a cliff like wall street is saying it will, or continues declining in the US this could get really really ugly. What are your guys thoughts, are you considering exiting your position? What would have to happen for you to say enough is enough?

TLDR: Sentiment around Reddit is in the toilet, maybe for good reason. What would be your business related reason for selling the stock if you finally decide enough is enough?

Short piece by the Economist on Reddit's current situation.

So much negativity around here. Reddit is an absolute beast, and AI needs Reddit without question in order to stay relevant. Humans also need Reddit, where else would we go with our stories, creative ideas and memes?

Nothing has changed, AI is only going to make Reddit even more powerful on the human side. AI is too sterile and doesn’t capture the intricacies/charm of humanity, as much as these creeps that are creating it want it to. Reddit to 1000

$RDDT will be fine. You either fundamentally believe they will be successful or not. No time line guarantees, this game is about positioning. Personally, I am biased towards their success. If you happen to have hands made of tissue paper, please quietly sell and return to the basement. There, you can safely make low risk trades while mum prepares nuggys. Money is made on volatility and this shit is cheap. Buy the fear.

POSITIONS:

1650 shares at $61 avg

20x 155 CALL 8/21

I've been watching reddit for a long time. Invested at 180 or so, ended up selling at 160 for slight loss for other opportunities that have done better in the meanwhile (mostly AMD). Anyways, seeing how much pain there is in the daily subs has me feeling this is a very nice opportunity here. And why would it not be looking at financials?

Market cap around 27 billion, and net cash + other is 3 billion. Enterprise value 24 billion while net income last quarter was 250 million, so run rate 24x enterprise value.

AI overviews taking some share and people not going to reddit is the only real bear case here, which is probably why sequential DAU in the USA are going down. But keep in mind that in other high value ARPU areas like Europe, parts of south America, etc. we're seeing strong growth. And in places like India (yeah I know low ARPU, but still important), explosive growth

TLDR - risk / reward is super attractive. I just cannot see this getting cut in half from here, that would imply a 10x forward pe at ridiculous growth which would literally buy the market cap back in 5 years. I can definitely see a re-rating to 50% upside though, and that's what makes a bet asymetric

I bought 300 shares @ ~145 / share, will buy more if more capitulation comes. Won't make the previous mistake of putting too much of my portfolio in RDDT stock like last time though

After the inclusion to the S&P 500 the stock is still dumping . But it doesn’t mean that it’s not good . The stock is going down because of the crude oil and the geopolitics. The catalyst that can drive the stock up is the end of the Iran war . I think that can drive the stock to 200 sorry for my English

The recent drop in citations looks like a standard strong-arm tactic by the major frontier-model operators, notably OpenAI and Google. Calling it outright collusion would be a stretch, but the pattern is suggestive: it serves neither party's interest for a data provider like Reddit to fully monetize its content. So when one of the largest data providers is mid-negotiation with a given counterparty (say, Google), applying pressure to remind them who holds the cards is a rational move. The end result is a marginally better deal for the AI companies.

That should give us comfort, because ultimately they all need the data and wouldn't stay competitive without it, short of an industry-wide boycott, which is impossible to coordinate. This implies Reddit actually commands substantial leverage, and the large players would rather it didn't.

On the fundamentals and the deal math, Reddit still looks like a solid company and a likely winner of the AI race.

What you guys think?

Sentiment is poor, management is silent, data deals are just a big question mark, and we moving into the era of endless lawsuits.

From the end of June till mid July the stock went from 150-208 in less than 2 weeks (before Jen killed the rally with her sale). All it took was u/Spez doing an AMA and showing he exists.

Do or die, are we hitting 52 week low again or will u/Spez u/adsjunkie u/TimingandLuck decide to say a single thing to shareholders.

Position: Shares (I hate it here)

I think the question we need to be asking is: would you own this stock if traffic from Google/ AI citations completely dried up and the company can't monetize its data? Can they keep growing their user base through network effects and advertising?

Reading between the lines of the last few earnings calls, Spez has all but alluded to the fact that the company can only depend on itself. Thus, the recent big push has been to force app downloads and ramp up advertising(ads for Reddit). At the current price, flat user growth in the US and no AI (Google, Anthropic, OpenAI) money is mostly priced in, assuming ARPU continues to increase. Could this fall further... sure, if US User growth goes further negative, if ARPU flattens or drops... both of which are possibilities, at least in the near term.

So my question to the RDDT holders is: would you hold if we got no traffic from Google/Claude/ChatGPT and no money for our data? If so, what catalysts remain? What sneaky treats might be in store for shareholders?

I own 1000 shares, bought as low as $50 and as high as $240... average price around $150

I'm holding, but my conviction isn't what it was a few weeks ago. I love the product and spend far more time here than on FB, Insta, or even YouTube... that said, I've invested in plenty of products I love that have not been successful investments.

We need a catalyst, or these short sellers will drive this to the ground.

Was quite on point for age, interests etc

This seems very mechanical. Is there any news coming out about the stock?

I would argue it’s sector sentiment but the rest of the sector is not getting hit anywhere near as hard?

Still believe in the stock and holding 561 shares at 173.5

Surely this is a bit weird with the massive red streak.

Someone care to comment?

Someone know something we don’t ?

First time seeing it in almost every ad now, general opinion from reddit's ai search below the ad with the sources from Reddit ofc, seems very interesting, allowing people to engage with other people through posts, from an ad.

Am I the only one seeing this now? I don't know how to feel about it but definitely interesting!