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BC
Bill Combs
@billcombs · Nov 27

Thus, Reddit's stock is up more than 160% this year. I honestly wasn't expecting such a rise, and maybe I'm a little disappointed that I didn't buy a few shares after the IPO. I wouldn't buy now though, as I don't see why $RDDTstock should rise in the long term.

What's your take on Reddit?

Osobní pohled člena komunity, ne investiční doporučení. Pravidla komunity

NT
Nigel Thornton @_thornton Dec 6

IPOs are interesting opportunities, but I wouldn't buy now. Revenues and earnings are up, but the valuation and P/E are very high.

BC
Bill Combs @billcombs Dec 12

This is true, but usually after an IPO there is a drop.

GP
Gareth Preston @gaz_preston Dec 6

I'd be happy to buy at a lower price. It's an interesting business and I love how simple it is and yet they are doing well.

BC
Bill Combs @billcombs Dec 12

I understand, I don't find the business that great, but for a small price on some speculation, I guess why not

MS
Malcolm Stokes @stokes_malky Dec 6

Doesn't make sense to me either. The stock only went up because of some boom and hype, but I'd be worried about it long term.

GP
Gareth Preston @gaz_preston Dec 6

But it will still perform better than, say, the SP500.

CB
Clive Bennett @_clivy Dec 6

It's hard to say, it's an interesting company, but I would definitely wait to buy.

NT
Nigel Thornton @_thornton Dec 6

Agreed, at what price would you shop?

AA
Ashraf Aboudar @ashraf_dd Dec 1

I have to say that I don't use this platform at all and I don't know much about it. But it's a nice growth and congratulations to David for a great review.

BC
Bill Combs @billcombs Dec 12

Yes, I don't really care for the platform either, but it's probably pretty popular in the US.

WJ
William Johnson @willjohn Nov 27

Reddit is a cool platform that I use occasionally when I'm getting people's opinions/tips or looking for some advice. Anyway, the price is really inflated and it has low profitability. So for now I would just watch the company and research its development.

BC
Bill Combs @billcombs Dec 12

That's right, I'm the same way. I'll use the platform occasionally, but I wouldn't buy stocks now either.

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