Can’t wait to sell
I’m over this stock and somewhat over Reddit . For several reasons:
As a user, I do find AI search results from Google taking up some but not all, of my interest/need for Reddit.
As an investor, I don’t see the ads being particularly relevant. I’ve maybe once or twice clicked on one. Never purchased anything on Reddit.
As an investor, I find the insider dumping to be a BIT over the top. Not as much as the crowd in here, but I get their point and agree with the general sentiment.
As a user, I find a lot of bots. Not in some communities, but others are completely filled with them.
As an investor, I find the lack of transparency around the intent and progress surrounding data deals as inexcusable.
And for what it’s worth, as someone with a legal degree, but a very novice level of knowledge, I don’t think we’re going to see anything from the lawsuits. Just my gut from hearing the most recent arguments.
It’s all starting to seem very Twitterish.
Wish I was wrong, but my conviction has changed. I really thought we were heading somewhere great. Sadly, it looks as though I was wrong. I’d guess this stock is $85 a share this time next year. Downvote me to oblivion. It will only reinforce my thoughts on the matter.