u/No_Masterpiece_1323

Just read the anti AI comments regarding the Google search update. They got so bad that Google turned comments off on their official I/O announcement.

Reddit, as a relatively small company, is one of the few companies that can stand on its own 2 feet against the likes of Google.

Perhaps this will harm some referral traffic, but the orange reddit app will still be clicked on daily by millions. You can count on 2 hands the number of quarters where reddit has been running ads. This shit is just getting started.

Fundamentally AI needs fresh data, and reddit generates a Wikipedias worth of data every week.

Hold. Do not sell. Where else are you going to put the capital?

I’ve mentioned this a few times. It is a hypothesis of mine, not trying to make this a GME type thing. I’m not upset by recent price action, just curious.

A couple of thoughts:
- Relatively low retail float
- Probable significant reddit/wsb/international retail “hug” of buying
- RDDT Healthily beating on all metrics
- Some large institutional buys recently in the hundreds of millions (consider how little liquidity could move a low-float 30bn mcap company)
- “Weird” price movement. The MM sets the price of reddit and it seems to move intentionally, almost in a way to exhaust investors

GTS manages some of the largest companies in the world, from Berkshire Hathaway to Exxon Mobil. Could it be they have simply taken the wrong side of a position, perhaps considering reddit to be more of a snap or pins, and it’s escalated a bit for them? The objective now would be to walk the price back to where it needs to be whilst trying to shake out retail and recoup on the corresponding spread?

Happy to be called an idiot if my hypothesis is trash. I would like to hear from anyone with more knowledge than me on MMs.

Position: 2000 shares

How strong is this drug!? I’ve been making great progress (the first couple of months were hell), and haven’t really been thinking about coffee or dark chocolate all that much. To my surprise the cravings have come back, anyone else experienced this?