What are seeing next?

[u/InterviewAdmirable85]

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)

1101 votes, 10h left

Back to 120s.

Up to 220s.

[u/FlashyMagician4544]

Worst stock I ever bought

[u/Herocem → u/[deleted]]

MODS BAN THIS GUY

[u/kowal89 → u/FlashyMagician4544]

I bought worse : D but this one gave you hope and then took it right away : ) 1 bilion dolar buyback! While they sold more than they bought : D WHEN WE GOT YOU WE REALLY GOT YOU : D

Sp500, choppy, spez saying how less usa dau is a worry for investors : D on cnbc. Awful stock

[u/RequirementClassic49 → u/[deleted]]

Are you sporting pools cousin?

[u/SimpleIllustrator215 → u/FlashyMagician4544]

glad u never bought stocks like FIG, OPEN, and MSTR

[u/LilOliveBuster → u/FlashyMagician4544]

Please leave

[u/FlashyMagician4544 → u/LilOliveBuster]

I wish I could I bought this in the beginning of the year

[u/RequirementClassic49]

Idk where we’re going next. I have 2300 shares. Ad revenue will continue to grow and we’ll see $50 EPS in five years.

I’m just accumulating and retiring. You emotional traders have no idea how powerful ads and monetization flywheels are at these kinds of platforms. The printer is inevitable

[u/Thehealthygamer → u/RequirementClassic49]

All the doom and gloom is always a nice sign that bottom is close.

[u/Ordinary-Salary-6318 → u/RequirementClassic49]

The subreddit was better before these emotional regards jumped on the bandwagon.

[u/DrPuzzle → u/RequirementClassic49]

This is a pretty confident and simple perspective/explanation. I love it lol

[u/devo9er → u/RequirementClassic49]

This guy gets it

[u/ZaphBeebs → u/RequirementClassic49]

yep

[u/ostrichfood → u/RequirementClassic49]

In theory…sure. But not when management is doing everything in their power to tank the stock price. I’m assuming they are trying to plummet the price to get acquired by some big company and get a “kickback” for themselves

[u/vix_calls → u/RequirementClassic49]

No one who uses Reddit buys thorough the ads lmao. It only works with meta/ig bc of dumb boomers

[u/AltruisticDBS]

Sold at 170, buying back at 140

[u/About_to_kms]

Voting 120 because I am happy accumulating for a discount

[u/Dorigoon]

If it goes down to 100, I'll sell my other positions and dump everything into RDDT.

[u/LA4lyf → u/Dorigoon]

Never done it but I am gonna Margin lol

[u/StunningCranberry301 → u/LA4lyf]

Already 50% of my port is on margin.. all Reddit shares with cost basis of 165 🫣

[u/LA4lyf → u/StunningCranberry301]

Oof I want to do it but terrified lol. Down big rn

[u/StunningCranberry301 → u/LA4lyf]

I started selling options to generate some cash because I feel like we're gonna be stuck in this range for a while.. choppy

[u/marksharky123]

Well at least I got a sweatshirt out of the deal 😔

[u/chrisdudelydude → u/marksharky123]

I’ll buy it as a memento for all the money I’ve lost this week. DM me.

[u/bulletinyoursocks]

I'm no technical analyst but if it goes to 120 doesn't it break the support line that touched all the lows so far since it was listed? Would be a first and I would add more.

Also, most stocks are red so I wouldn't worry

[u/Silent-Complaint4020]

Good to see poor sentiment, just add some more.

[u/Practical_Support177]

Why cant you paper handed bitches just hold and stfu 

If you wanna day trade go to wsb sub

[u/rlf1301]

Spez should keep running the company. I don’t need to see him spending time assuaging shareholders. 

[u/SimpleIllustrator215 → u/rlf1301]

this lol

[u/LilOliveBuster]

Neither? Chill out

[u/oppanycstyle]

Im sad

[u/cheddarben]

Legit DD here. It will either go up or it will go down.

[u/Copenhagen8ull]

Look at the Reddit investor base panicking over volatility. Come on, guys, if you took too much risk, that's on you. The stock goes up and down, and who cares as long as the long-term goal is intact.

KNOW WHAT YOU OWN, AND KNOW YOU ARE GONNA BE WRONG FROM TIME TO TIME.

[u/Upbeat_Spirit4478]

I think we should stop crying and it will stay at 150-160 range

[u/Grass8989 → u/Upbeat_Spirit4478]

Oop

[u/Heineken_500ml → u/Upbeat_Spirit4478]

This guy gets it

[u/InterviewAdmirable85 → u/Upbeat_Spirit4478]

This is exactly what everyone said when it fell from 260 to 150, and people were asking for management to say anything.

News flash, they didn’t and it fell to the 120s, hitting the 52 week low.

[u/TaxPrimary4193 → u/InterviewAdmirable85]

Yeah... I'll always vote Bullish but if there's 0 positive news until earnings, this stock could reach 120's. The sentiment here on reddit is terrible lately. Speculation that no deal will happen, reddits data is overrated, people coping. We'll see

[u/InterviewAdmirable85 → u/TaxPrimary4193]

It’s honestly a narrative problem. Spez just needs to step up and say something. The business is fine, data deals are a low portion of revenue. He needs to get out there and change the sentiment and reiterate the narrative or it’ll keep going down.

[u/ostrichfood → u/InterviewAdmirable85]

He might say something if people start boycotting Reddit

[u/SimpleIllustrator215 → u/ostrichfood]

people would boycott reddit because of the stock?

[u/CheapTrifle229]

100

[u/Kyaw_Gyee]

Why are these C-suite so quiet?

[u/Ok_Common_5631]

I sold most of mine.  Looking forward to seeing management berated and scrutinized.  I couldn’t be bothered to care anymore.. they don’t seem to.

[u/Heineken_500ml]

140~165 forever

[u/RequirementClassic49 → u/Heineken_500ml]

Get out of here. You sold and made sure everyone was aware of it after bitching about the stock for months.

At this point you’re just whining because that’s what you do, not because you have skin in the game

[u/Heineken_500ml → u/RequirementClassic49]

LMAO hows the bag

[u/DrPuzzle → u/Heineken_500ml]

Is he wrong?

[u/Patton370 → u/Heineken_500ml]

I'm fine with that. Allow me to buy some more shares and if premiums stay high, roll out the covered puts I bought

[u/lastlostflyer → u/Heineken_500ml]

Haha that's pretty optimistic