Core Insights - Reddit is one of the fastest-growing social platforms with 116 million daily active users, making it the third-most-visited site in the U.S. after YouTube [1] - The company is experiencing strong growth, with a 19% year-over-year increase in daily active users and a 68% year-over-year increase in advertising revenue [3] - Reddit's unique position in the social media landscape is highlighted by its high search volume on Google, indicating strong user intent and effective monetization of its user base [4] Financial Performance - Reddit's current market capitalization is $43 billion, with a current stock price of $224.78 [5][6] - The stock has shown volatility, with a 52-week range of $79.75 to $282.95 [6] - Analysts project an annualized earnings per share growth rate of 42%, suggesting a potential doubling of a $1,000 investment by 2030 if user growth continues [6]