We came across a bullish thesis on Reddit, Inc. on Sleepysol’s Newsletter’s Substack by Sleepysol. In this article, we will summarize the bulls’ thesis on RDDT. Reddit, Inc.’s share was trading at $188.64 as of August 1st. RDDT’s trailing and forward P/E were 84.21 and 149.25, respectively according to Yahoo Finance.
Reddit has recently surged following the announcement of a new AI feature, combined with being the only major website to post visitor growth in recent weeks. This...
