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 bullish momentum contrasts sharply with prior bearish arguments around slowing user growth and...
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