Shares of social media giant Reddit (RDDT 5.22%) have been on a rocketship since its IPO in March. The stock debuted at $34 per share and closed the day up 48%, but that was nothing compared to what was to come.On Dec. 9, shares hit a jaw-dropping 52-week high of $180.74, a massive 432% increase from its IPO price. The stock could go even higher, especially since the fourth quarter is historically when Reddit sees increased consumer usage and revenue.Does that mean now is the time to scoop up shares? Before ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Pinterest. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Reddit (NYSE: RDDT ) entered a partnership with Google this year, which was a win-win situation for both. User numbers rose sharply, leading to growing revenues, and I believe chances are high that this will continue for several years to come. ThereMy focus is on a total return style with long and short positions (10-30% short positions). My main expertise is the current technological and geopolitical shift with the amazing investment opportunities they offer. Therefore, I always try to find stocks or whole ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Reddit Inc. (RDDT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Reddit Inc. currently has an a ...

Reddit, the social media platform popular with tech and gaming enthusiasts, has overtaken X to become the UK's fifth most popular social platform, according to Ofcom. By June this year, it was the fastest growing platform of its kind in the UK and reached more than half of UK adults, according to the communication regulator's latest report into the nation's digital habits. Although Reddit operates as a forum, it is still a social media platform, filled with user generated content, chats and conversations be ...

In this articleRDDTReddit logo on website. Jakub Porzycki | Nurphoto | Getty ImagesReddit is ramping up efforts to attract more users outside of the U.S., putting countries like India and Brazil in focus as it looks to unlock new advertising opportunities, a top company executive told CNBC.In a wide-ranging interview, Jen Wong, chief operating officer of Reddit, said other platforms have 80% to 90% of users outside of the U.S. while about half of her company's current users are based internationally."So tha ...

Steven Cohen's hedge fund, Point72, made a massive splash during the third quarter after buying over 2 million shares in Reddit.When it comes to investing in artificial intelligence (AI), there are no other stocks that garner more attention than the "Magnificent Seven." While each of those megacap tech giants presents a unique opportunity in the AI space, smart investors understand that there are other options.Steven Cohen of Point72 Asset Management made a pretty big statement during the third quarter, hav ...

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms and Pinterest. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe t ...

This social media underdog has a lot of growth potential.Reddit's (RDDT -7.18%) stock price has more than quadrupled since it went public eight months ago at $34 per share. The social media company dazzled investors with its rapid growth in users and revenue, and it turned firmly profitable in its latest quarter.But even after those massive gains, Reddit's market cap of $28 billion still makes it a tiny fish in the social media market compared to Meta Platforms (META -0.70%), which is worth $1.4 trillion. C ...

Core Viewpoint - Reddit has emerged as a significant player in the tech stock market, with its share price increasing over 170% since its IPO in March, largely driven by strong earnings results in late October [1][5]. Company Overview - Reddit operates an online forum that allows users to post and discuss a wide range of topics, filling a niche that traditional search engines like Google do not fully address [3]. - The company generates revenue through advertising, data licensing, and paid premium memberships, among other activities [4]. Financial Performance - In the third quarter, Reddit reported a revenue growth of 68% year-over-year, reaching over $348 million, and achieved a profit of nearly $30 million, a turnaround from a loss of $7 million in the previous year [5]. - Daily average users (DAUs) increased by 47% to over 97 million, indicating successful user base expansion [6]. - Average revenue per user (ARPU) grew by 14% globally to $3.58, with a significant disparity between domestic ARPU ($5.88) and international ARPU ($1.32) [8]. Revenue Sources - Advertising accounted for 89% of Reddit's revenue in the third quarter, while the "other" revenue category, which includes data licensing, surged by 547% [9]. - The potential for data licensing, particularly for training AI, represents a promising future revenue stream for the company [9]. Market Position and Future Outlook - Reddit's market capitalization has surpassed $24 billion, drawing comparisons to Apple, although the latter has a market cap of approximately $3.5 trillion [2]. - While Reddit shows potential for growth, the challenges of building brand recognition and a sustainable business model akin to Apple's are significant [10][11]. - Despite these challenges, Reddit is considered a stock worth watching, with the potential to become a major player in the social media landscape if it continues on its current trajectory [14].