Reddit, Inc. Class A Common Stock (RDDT)
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Reddit Surges 97% in the Past 6 Months: Is the Stock Worth Buying?
RDDT stock's price surge in the past six months, along with rising users, higher ARPU, and expanding ad tools, underscores momentum behind its premium valuation.
Reddit Stock: Highly Valuable Data In The AI Era
While advertising revenue is firmly in the driver's seat for growth, accounting for 94% of revenue in Q3, Reddit does have some opportunities from AI data licensing. In terms of user engagement, Reddit notched 3.8 billion visits in September, down (5.4%) MoM after rising 1.5% MoM in August, per Similarweb, slightly underperforming Facebook. Reddit is trading at a forward P/S ratio of 15.9x and is more than double of Meta's forward P/S ratio of 7.4x.
Wall Street Analysts Think Reddit Inc. (RDDT) Is a Good Investment: Is It?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Reddit, Inc. Class A Common Stock (RDDT) FAQ
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Has Reddit, Inc. Class A Common Stock ever had a stock split?
Reddit, Inc. Class A Common Stock Profile
| IT Services Industry | Information Technology Sector | Steven Ladd Huffman CEO | NYSE Exchange | 75734B100 CUSIP |
| US Country | 2,233 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Reddit, Inc. is a prominent online platform known for its unique structure of organizing digital communities around specific interests. Founded in 2005 and based in San Francisco, California, Reddit has grown to be a significant hub for internet users seeking to share experiences, news, and creative content. It enables its users to participate in a myriad of discussions by posting links, images, videos, and comments, fostering a vibrant online community environment. The platform caters to a wide range of topics, allowing users to find or create communities that match their interests, making it a popular destination for those looking to engage in meaningful conversations and exchanges on the internet.
Products and Services
- Community Organization
- User Engagement
Reddit specializes in the creation and management of diverse digital communities, or "subreddits," each dedicated to a particular interest or topic. This allows users to easily navigate through the platform and engage with content that is most relevant to their preferences.
The platform offers various features for user interaction, including the ability to share links, upload images and videos, and participate in discussions through commenting. These interactive capabilities encourage users to contribute to their communities actively.
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