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Reddit ($RDDT) Stock Rallies as Jefferies Rates it a 'Buy'Reddit (NYSE: RDDT) is capturing attention on Wall Street as shares rose on Wednesday following a bullish report from analysts at Jefferies, who initiated coverage with a “buy” rating. The investment firm cited Reddit’s strategic strengths in artificial intelligence (AI) and its growing role in Google search results as key reasons for its positive outlook. Jefferies’ endorsement has added momentum to Reddit’s stock, which is benefiting from a combination of strong user growth and high-profile partnerships. AI Partnerships Boost Reddit’s Long-Term Outlook Reddit (NYSE: RDDT) has positioned itself as a crucial player in the growing AI space by securing major contracts with Google and OpenAI. The agreements allow these tech giants to use Reddit’s vast user-generated content to train their generative AI models. This collaboration further solidifies Reddit’s place in the AI ecosystem, making it an essential data provider in the rapidly evolving world of machine learning and artificial intelligence. These AI-related contracts are expected to provide Reddit (NYSE: RDDT) with new revenue streams, helping the company monetize its extensive trove of user discussions and interactions. As AI becomes increasingly integral to everything from search engines to personalized recommendations, Reddit’s data will only grow in importance. In addition to its AI advances, Reddit’s user base has seen notable growth. The platform reached its highest user growth in four years during the last quarter, signaling its continued relevance and influence as one of the world’s largest social media platforms. With more than 100,000 active communities and over 91 million daily active unique visitors, Reddit is increasingly becoming a critical source of authentic, real-time information. Expanded Partnership with Meltwater Highlights Data Value Another significant development driving Reddit’s stock is its expanded partnership with Meltwater, a global leader in media, social, and consumer intelligence. Through this collaboration, Meltwater customers will now have full access to Reddit’s extended "firehose" of public conversations, giving them unprecedented insights into user-generated discussions across the platform. This partnerships underscores the increasing value of Reddit (NYSE: NYSE:RDDT ) as a source of consumer sentiment, market trends, and brand intelligence. Meltwater has long provided Reddit content to its customers, but this new agreement deepens the partnership by granting even more comprehensive access to Reddit’s data. This allows brands and businesses to monitor real-time conversations, track industry trends, and engage more effectively with target audiences. For Reddit (NYSE: NYSE:RDDT ), this partnership is a testament to its growing importance as a key player in online discussions and social intelligence. The company’s ability to offer valuable insights from its contextually rich user base will continue to enhance its appeal to businesses seeking to make data-driven decisions. AI, Partnerships, and User Growth Reddit’s growing partnerships, especially in the AI space, and its increasing user base are key factors driving its bullish outlook. With the integration of its data into AI models developed by leading companies like Google and OpenAI, Reddit is carving out a unique niche in the tech landscape. This could help diversify its revenue streams, reducing its reliance on traditional advertising revenue. Furthermore, Reddit’s partnership with Meltwater strengthens its position as a valuable source of market intelligence. The platform’s ability to provide actionable insights from authentic user discussions will likely attract more partnerships with businesses that want to harness the power of real-time social data. Reddit’s user growth also continues to be a strong indicator of its long-term viability. With the highest user growth in four years, the platform has reaffirmed its status as one of the most relevant and engaged social media platforms today. This combination of strategic partnerships, AI-driven revenue streams, and strong user metrics positions Reddit as a compelling investment for the future. Technical Outlook: Breaking Out from a Falling Wedge From a technical perspective, Reddit’s stock (NYSE: NYSE:RDDT ) is showing positive signs. As of today, the stock is up 0.3% and is currently trading above a previous falling wedge pattern. A falling wedge is a bullish reversal pattern, signaling that the stock may be poised for a breakout after a period of consolidation. The Relative Strength Index (RSI) is positioned favorably, suggesting that Reddit’s stock could escape the confines of its previous pattern and continue upward. While a golden cross—where the short-term moving average crosses above the long-term moving average—was almost attained today, the move lacked sufficient volume to confirm the breakout. Nonetheless, the stock remains well-supported, and any increase in buying volume could trigger a sustained rally. Reddit’s stock is trading above key moving averages, reinforcing the possibility of further upward momentum. A confirmed golden cross would be a highly bullish indicator, likely attracting more buyers to the stock. Key Takeaways for Investors Reddit’s combination of strategic AI partnerships, growing user base, and technical indicators suggests that the stock is well-positioned for future gains. The company's ability to secure AI contracts with industry leaders like Google and OpenAI highlights its growing importance in the tech space, while its expanded partnership with Meltwater underscores the increasing value of its user-generated data. From a technical standpoint, Reddit (NYSE: NYSE:RDDT ) is showing signs of breaking out from a falling wedge pattern, with the RSI indicating positive momentum. Although the stock has yet to confirm a golden cross, a rise in trading volume could push it higher, making it an attractive option for investors looking for upside potential.
NYSE:RDDTLong
by DEXWireNews
Reddit Stock Jumps in PreMarket Trading After OpenAI PartnershipReddit shares rose 14% on Friday following a partnership with artificial intelligence firm OpenAI, which is expected to attract more users and increase advertising revenue. The partnership allows Reddit to leverage OpenAI's technology to build tools and features, and integrate Reddit's content in real-time. This pact delivers on Reddit's "IPO promise of seizing opportunities to make more of AI," whether that's deploying the tech on its platform to improve the user experience or feeding its content into AI language models. Reddit ( NYSE:RDDT ), which primarily generates revenue from advertising, is seeking to diversify its income streams. In a February filing, the company indicated its intent to explore new monetization channels, including offering creator tools and licensing its data to third parties. Reddit already has data licensing agreements with undisclosed parties that are projected to contribute at least $66.4 million in revenue this year. The license allows third parties to access, search, and analyze data on the platform. With a daily active user count of more than 80 million, Reddit ( NYSE:RDDT ) is considered a smaller player in the social media market. The company went public on the New York Stock Exchange on March 21, and its shares have gained 66% from their IPO price of $34 a piece. Under the partnership, Reddit ( NYSE:RDDT ) will give OpenAI access to its API to train AI models in exchange for certain OpenAI-powered features being offered to Reddit’s users and moderators. Additionally, Reddit will add OpenAI as an advertising partner. Investors reacted warmly to the latest licensing partnership announced Thursday as it indicates the social media company continues to diversify revenue outside its traditional advertising business. OpenAI co-founder and CEO Sam Altman is no stranger to Reddit, having led the social media company’s $50 million Series B funding round in 2014 and investing an additional $60 million over two financing rounds at the height of the pandemic-era tech rally. Reddit shares ( NYSE:RDDT ) jumped out of the gate after listing in late March but quickly ran into selling pressure after more than doubling from their $34 initial public offering (IPO) price. A volume-backed breakout above the stock’s record high at $74.90 opens the door for the shares to move into uncharted waters and test higher price levels. Technical Outlook Reddit shares ( NYSE:RDDT ) is up 12% in Friday's Pre-market trading with a moderate Relative Strength Index (RSI) of 54.97 which is poised for further growth. The daily price chart depicts a bullish Harami pattern. An upside gapping will evolve as a result of the partnership news.
NYSE:RDDT
by DEXWireNews
Reddit Shares Jumped 7% on Tuesday Following Memestocks CrazeReddit shares ( NYSE:RDDT ) closed at $62.34, marking its second-highest close since its IPO in March. The rally began on Monday when Keith Gill, the man who inspired the meme stock mania of 2021, resurfaced online, sending shares of GameStop and AMC soaring. Gill shared a picture on X that showed a video gamer sitting forward on a chair, which is often used by gamers to signal they're taking the task seriously. As of Tuesday's close, the post has been viewed more than 25 million times. Reddit ( NYSE:RDDT ) played a central role in the meme stock boom three years ago, largely due to the forum WallStreetBets, where traders gather to share tips and, in some cases, band together to drive a stock up or down. GameStop mentions ballooned on WallStreetBets on Monday after Gill's post. The image and a series of other cryptic posts were enough to lift GameStop and AMC by more than 100% in the past two trading sessions. Other stocks that have been bunched in with the meme group rose, including BlackBerry, Koss, and SunPower. Notable Research Analyst Andrew Boone said he didn't see any fundamental reason for Reddit's rally, but an increase in user activity would help boost the company's advertising business. At the end of the day, more users mean more impressions, which means there are more ads for them to sell. Reddit, ( NYSE:RDDT ) founded 19 years ago, debuted on the New York Stock Exchange on March 21 at $34 a share and ran up as high as $65.11 on March 26. Technical Outlook Reddit Shares ( NYSE:RDDT ) shares closed Tuesday's trading session up 7.13% with a Relative Strength Index (RSI) of 60.60, slightly overbought. The 50-day Moving Average crosses the 20-day Moving Average, signaling the exhaustion of downward market momentum.
NYSE:RDDTLong
by DEXWireNews
GameStop Jumps Again - Up 118%GameStop shares recently surged by 118% in two days, coinciding with the return of Keith Gill, known as "Roaring Kitty," who ignited interest with a cryptic social media post. This event underscores the ongoing challenge that meme stocks like GameStop pose to traditional financial analysis. Historically, GameStop experienced a massive spike in January 2021, with shares increasing over 2600% due to coordinated buying by retail investors on platforms like Robinhood and social media forums. Although the stock quickly lost nearly 90% of its value from its peak, showcasing the high risks of such volatile investments, it has shown signs of recovery. After a period of stagnation, GameStop's stock rose sharply by 75% on Monday and saw early gains of 113% on Tuesday before settling to a 60% increase by the day’s end due to selling pressure. With the stock's history of dramatic fluctuations, there is potential for surpassing its all-time high of $120, but significant volatility remains, with the $50 mark being a critical resistance level to watch. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NYSE:GME
by Sublime_Trading
[WSB] How to trade the GameStop Short Squeeze!r/wallstreetbets recently picked up the GameStop Stock (GME). Why? Because we basically have free money sitting here. GameStop struggled with keeping up with the growing digital gaming market and the price plummeted. With a strong focus on E-commerce, a strong brand with over 55 million PowerUp members and a solid team (Source: r/wallstreetbets "GME FULL STORY), we will most likely see further growth in the company in terms of revenue and stock price. I made this chart to verify important levels and an in depth trading-plan to reduce the risk as much as possible. Everything relevant is on the chart. The Cup & Handle Pattern is one of the easiest patterns to trade and extremly powerfull to extend a strong uptrend - which is highlighted by the Ascending Parallel Channel. Please make sure to place a Stop-Loss order and place your buy after the confirmation with a Breakout-Candle. Let me know if there are any questions and feel free to discuss in the comment section. cheers
NYSE:GMELong
by Anton_XBT
17
Reddit Shares jump 10% After Revenue Pops in First-ever EarningsReddit shares ( NYSE:RDDT ) rose 10% after the social media platform posted strong revenue growth and improved profitability in its first earnings report since its market debut. The company surprised Wall Street with a forecast that it could post an adjusted profit in the second quarter, and its revenue outlook was far above estimates. Reddit's revenue for the first quarter was $243 million, a 48% increase from the $163.7 million it earned a year earlier. $222.7 million of this was from ad revenue alone, which was up 39% year-over-year. Meta's ad revenue jumped 27% in the first quarter, followed by a 24% increase at Amazon and just 13% growth at Google-parent Alphabet. Reddit reported a net loss of $575.1 million, with stock-based compensation expenses and related taxes being $595.5 million, primarily driven by charges due to the initial public offering. Reddit ( NYSE:RDDT ) expects revenue to be between $240 million and $255 million in the second quarter, topping the $224 million expected by analysts. The midpoint of the guidance range suggests growth of about 32% for the second quarter, up from $183 million from a year earlier. Analysts believe that Reddit ( NYSE:RDDT ) is still in the early stages of generating ad revenue and should benefit from expanded ad targeting and measurement tools. The company's more than 100,000 discussion forums have made it an attractive partner for companies looking to train their data-hungry AI models. Technical Outlook Reddit stock ( NYSE:RDDT ) is trading with a Relative Strength Index (RSI) of 50.62 a reversal might be possible after the earnings review the stock daily price chart shows a "Three Bearish black crows" which are are potential signs of a trend reversal.
NYSE:RDDTLong
by DEXWireNews
REDDIT $RDDT - Apr. 3rd, 2024REDDIT NYSE:RDDT - Apr. 3rd, 2024 BUY/LONG ZONE (GREEN): $50.50 - $56.75 DO NOT TRADE/DNT ZONE (WHITE): $46.00 - $50.50 SELL/SHORT ZONE (RED): $40.00 - $46.00 Not enough data to list 4H, Daily, or Weekly trend directions. ATH: 74.90 ATL: 44.00 Wanted to chart up NYSE:RDDT after the IPO and radical price movement. There is not enough data to show any form of trend direction on my usual timeframes, so I dropped to the 1H. Because of the lack of historical data, I was using the all-time high and all-time low prices for level references. The bearish target is $40.00, roughly 10% below the all-time low, as price is closely trading in that area at this time. The bullish zone is purposely around the same size as the bearish zone, but can be extended to around the $63.50 level. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, reddit, NYSE:RDDT , rddt, redditstock, redditipo, ipo, rddtipo, redditdirection, reddittrend, redditlong, redditshort, reddittrade, redditstory, redditpost,
NYSE:RDDT
by TonyAiello
Reddit Shares Surge Following Options LaunchThe shares of social media platform Reddit ( NYSE:RDDT ) surged by 14% on Tuesday, building upon the momentum generated by the recent launch of options trading on the stock. With each share currently valued at $67.5, Reddit ( NYSE:RDDT ) is poised to witness a substantial increase in its market value, with more than $1 billion set to be added to the company's worth. Notably, the stock is on track to nearly double its IPO price of $34, marking a significant milestone in its journey as a publicly traded entity. The surge in Reddit's ( NYSE:RDDT ) stock price can be attributed to the enthusiastic response from investors following the introduction of options trading. Jeremy Goldman, senior director of client briefings at Emarketer, formerly Insider Intelligence, commented on the phenomenon, stating, "More bullish investors have bought options in Reddit, which is part of its early stock market success in its first full week of trading." Indeed, the launch of options trading has fueled bullish sentiment towards Reddit ( NYSE:RDDT ), as evidenced by Monday's trading activity, where the stock closed up approximately 30%, emerging as the top percentage gainer on the New York Stock Exchange. Goldman further elaborated on the surge in options activity, estimating that around 90,000 options have changed hands, underscoring the heightened interest among investors in leveraging Reddit's potential for further growth. The current gains in Reddit's share price not only reflect investor optimism but also position the company to surpass the $10 billion valuation it attained in a private fundraising round in 2021. This resurgence in Reddit's market value underscores the platform's growing influence and relevance in the digital landscape, as it continues to attract both users and investors alike. As Reddit ( NYSE:RDDT ) navigates through the evolving dynamics of the stock market, the success of its options trading debut signals a new chapter in its trajectory as a publicly traded company. With investors displaying confidence in its growth prospects, Reddit ( NYSE:RDDT ) stands poised to capitalize on its momentum and solidify its position as a key player in the social media and technology sectors.
NYSE:RDDTLong
by DEXWireNews
2
Reddit Braves Wall Street with 48% Pop in Debut. When Growth?Traders upvoted Reddit’s IPO but can the buzzing social media platform earn its stripes as a public company now? Table of Contents: ⦿ Reddit Surges in Public Market Kickoff ⦿ If Wall Street Bought, Should You? ⦿ Reddit Stacked Up Against Rivals ⦿ Ad Posts Looking Like User Posts? ⦿ Bottom Line 📍 Reddit Surges in Public Market Kickoff Reddit (ticker: RDDT ) stepped into the public-market space this week with a flashy and splashy IPO (initial public offering) in New York that chalked up a 48% gain on its debut day. The listing was met with lots of cheer from Wall Street as it was the biggest one for a social media company since Pinterest hit exchanges in 2019. Shares of Reddit surged to $47 out of the gate to make its first deals at a 38% premium to the company’s IPO price of $34 a share. Valuation soared to $9.5 billion by the end of the session when shares closed at just over $50 a pop. Reddit’s listing day with the Snoo—the website’s official mascot. Source: Reddit. By the looks of it, investors upvoted Reddit—a chat-room powerhouse and a stalwart of community-based culture venues sprawling from cat-praising r/CatsInSinks and owl-loving r/Superbowl to the intimidating trading hub r/wallstreetbets that bankrupted GameStop short-seller Melvin Capital. 📍 If Wall Street Bought, Should You? So the question is, if Wall Street scooped up Reddit shares… should you? Let’s take a behind-the-curtain look at Reddit’s business model. It’s been three years of trying for Reddit to get listed on the New York Stock Exchange. Finally, it issued 22 million shares for flotation, of which 8%—or 1.8 million—were reserved for friends, family and volunteer moderators. Those are unpaid users who make sure all the online communities are running smoothly. And they are also the content creators, because—unlike Netflix (ticker: NFLX ) or Spotify (ticker: SPOT )—Reddit doesn’t pay for its content. The platform boasts roughly 73 million daily active users spread across 100,000 online chat rooms, or “subreddits.” Despite the wide reach and 19 years of existence, the platform has never seen what a profitable year looks like. Its revenue comes predominantly from selling ads to companies who paid $804 million last year while the bottom line arrived at a $91 million loss. The revenue figure was a 20% increase from the $668 million picked up in 2022. 📍 Reddit Stacked Up Against Rivals And while revenue growth can be seen along the years, investors are betting that Reddit will ultimately catch up to the big shots in the social-media space. When Meta (ticker: META ), formerly Facebook, kicked off its public endeavors in 2012, it soaked up a market value of $104 billion and raised $ $16 billion for its IPO. Elon Musk’s X Corp, formerly Twitter, landed its first public deals at a $14 billion valuation, having raised $1.8 billion. In comparison, Reddit raised $748 million at an IPO valuation of $6.4 billion. Reddit carries the lowest valuation at IPO among social media peers. 📍 Ad Posts Looking Like User Posts? Against that backdrop, Reddit is taking a sketchy approach to bolstering its ad sales. Apparently, the folks at the upper echelons of the company decided it’s a good idea to make ad posts look exactly like user posts . The so-called “free form ads”, the company said, will mimic the popular user post type “megathread” and will “encourage users to deep dive into the topic at hand.” The community, on the other hand, didn’t show much love to that new advertising strategy. “Enable comments on ads, you cowards,” said one Reddit user while related threads were loaded with users’ comments of disapproval. 📍 Bottom Line And there you have it, 19 years of posts, 100,000 subreddits, and 73 million users who churn out all the content and self-sustain operations. Reddit gave us the meme stock craze back in 2021. Is it going to give us a rerun of the stock frenzy with its own shares this time? Or will the folks at r/wallstreetbets flip the script and short it? 💬 Let us know your thoughts in the comment section below! Don't want to miss any of our articles and be notified when a new one is released? Give us a follow!
NYSE:RDDT
by TradingView
9
Reddit Shares Surged 38% Above IPO Price, Market Cap Nearly $9BIn a resounding debut on the New York Stock Exchange, social media powerhouse Reddit ( NYSE:RDDT ) saw its shares skyrocket 38% above its initial public offering (IPO) price, propelling the company's valuation to nearly $9 billion. The impressive market reception underscores investors' renewed appetite for promising yet loss-making companies and signals a potential resurgence in the IPO market. Investor Frenzy Amidst Losses: Despite Reddit's track record of annual losses since its inception in 2005, investors flocked to the company's IPO, enticed by its strategic positioning as a training ground for artificial intelligence (AI) programs. The recent data licensing deal with Google further fueled investor optimism, highlighting Reddit's potential for monetization beyond traditional advertising revenue streams. Growth Trajectory and Market Dynamics: Reddit's ( NYSE:RDDT ) growth narrative centers around its commitment to expanding its user base and community engagement, positioning itself as a growth-oriented company despite its financial losses. With shares trading well above its IPO price range and reaching late trading highs, Reddit's ( NYSE:RDDT ) market performance serves as a litmus test for investor sentiment towards high-growth, yet unprofitable, companies. Challenges and Roadmap to Profitability: While Reddit's iconic status in the social media landscape is undeniable, the company faces challenges in monetizing its platform and achieving profitability. Analysts and investors alike will closely scrutinize Reddit's strategy for achieving long-term profitability, particularly amidst intensifying competition from industry giants like Meta Platforms' Facebook and Elon Musk's X. Retail Allocation and Community Engagement: Reddit's decision to reserve shares for eligible users, moderators, and retail investors underscores its commitment to rewarding its dedicated community members. However, analysts caution that such retail allocations come with inherent risks, particularly in light of Reddit's fluctuating financial performance and uncertain path to profitability. Cultural Impact and Future Prospects: Beyond its financial metrics, Reddit's cultural impact and role as a cornerstone of social media culture cannot be overstated. From hosting iconic "AMA" sessions with notable figures like former President Barack Obama to serving as a hub for community-driven movements like the "meme-stock" saga of 2021, Reddit ( NYSE:RDDT ) occupies a unique position in the digital landscape.
NYSE:RDDTLong
by DEXWireNews
r/CryptoCurrency Moons | MOON The price of r/CryptoCurrency Moons is $0.32 today with a 24hour trading volume of 600K $. This represents a 110% price increase in the last 24 hours and a 245% price increase in the past 7 days. With a circulating supply of 110 Million MOON, r/CryptoCurrency Moons is valued at a market cap of 33 million dollar. Kraken also has dropped hints about a potential listing of MOON but what is Moon? Moons are ERC20 Tokens given as rewards for an individuals contributions to r/CryptoCurrency either via posts or comments etc. They can be freely transferred, tipped and spent in r/CryptoCurrency. Moons are distributed monthly using Reddit Karma as a basis for contributions. Moons can be traded freely and used for any number of purposes within the community. At this time, they can be used to display reputation within the subreddit, unlock exclusive features like badges and GIFs in comments with a Special Membership, and add weight to votes in polls. we managed to buy at 0.14 $ after breaking Moon biggest resistance and here we are if you wonder whats the next crypto gem and how you can be a gem hunter then you can count on our experts, 2023 is the best year to learn and get into crypto, don't miss it
Long
by moonypto
6
Reddit and Google Sealed $60 Million AI PartnershipReddit has sealed a landmark partnership with tech giant Google (GOOG), valued at a staggering $60 million annually. This strategic alliance marks a significant milestone in the realm of data integration and AI advancement, with far-reaching implications for both companies and the broader tech industry. At the heart of this transformative partnership lies Reddit's decision to grant Google ( NASDAQ:GOOG ) access to its data API, enabling real-time integration of Reddit's vast repository of user-generated content into Google's AI models. This move underscores Google's unwavering commitment to pushing the boundaries of AI innovation, leveraging Reddit's unique position as a hub of authentic, human conversations and experiences on the open internet. Rajan Patel, Vice President of Google ( NASDAQ:GOOG ), emphasized the deepening of the longstanding relationship between the two companies, citing Reddit's pivotal role as a platform fostering genuine human interaction. Patel expressed excitement about the collaborative efforts aimed at making Reddit's invaluable information more accessible and beneficial to users across Google's suite of products and services. For Reddit, this partnership represents a strategic opportunity to monetize its vast trove of user-generated content while also addressing user concerns regarding the commercial use of such data. By granting Google ( NASDAQ:GOOG ) access to its data API, Reddit stands to benefit financially, particularly as it gears up for its highly anticipated initial public offering (IPO). This strategic move not only enhances Reddit's valuation but also positions the platform as an attractive investment opportunity for potential investors. Google's aggressive pursuit of AI innovation has been evident in its recent product launches and initiatives in open-source AI development. By securing access to Reddit's data API, Google ( NASDAQ:GOOG ) gains a valuable source of training data, enabling it to refine its AI capabilities and search algorithms significantly. The partnership empowers Google ( NASDAQ:GOOG ) to leverage Reddit's rich insights into human behavior, preferences, and interactions, thereby bolstering its position as a leader in AI research and development. However, the road to this landmark partnership has not been without its challenges. Past disagreements between Reddit and Google ( NASDAQ:GOOG ) have underscored the complexities inherent in such collaborations. Nevertheless, both companies have demonstrated a shared commitment to overcoming these obstacles and forging ahead with a mutually beneficial partnership that promises to redefine the future of AI innovation. Partnerships like the one between Reddit and Google ( NASDAQ:GOOG ) are likely to become increasingly prevalent. By leveraging each other's strengths and resources, companies can drive innovation, accelerate technological advancements, and unlock new opportunities for growth and development.
NASDAQ:GOOG
by DEXWireNews
75: Reddit A Game-Changer in the Social Media Market?As Reddit prepares for its highly anticipated initial public offering (IPO), investors are buzzing with excitement. With Meta (formerly Facebook) currently dominating the social media sector, Reddit's entry promises to shake up the landscape. Market Potential: Reddit's unique community-driven platform has garnered a massive following, making it a potential powerhouse in the social media realm. Its upcoming IPO signals confidence in its growth prospects and market potential. Competition: While Meta remains the industry leader, Reddit's IPO could introduce healthy competition, driving innovation and benefiting users and investors alike. Investment Consideration: As Reddit gears up for its IPO, investors are weighing the opportunity to participate in this dynamic market. With Meta's established dominance, Reddit presents an intriguing alternative for portfolio diversification and potential returns. With Reddit's IPO on the horizon, the social media market is poised for disruption. Investors should closely monitor developments and consider Reddit's potential impact on the sector. Could Reddit emerge as a formidable competitor to Meta? Only time will tell.
NASDAQ:META
by Soldi75
MOON. Fly me to the Moon.Not only is SocialFi sector of crypto new, but MOON tokens and all of Reddit Community Points are a revolutionary concept, especially coming from a multi-billion dollar Web2 social media giant like Reddit. Reddit Community Points are their first steps into Web3 world and at a very early stage. Regarding TA, there is one very strong resistance level at $0.08 and has historically been global price support. We can go there and it will be a 26% drop... This price drop possible with a deep global Bitcoin correction and will only give a signal for averaging your bag, but not a sold out. On the other hand, price may experience a 45% rise to the moving average, which it has not touched for about three months.
by Tropnik
AUDJPY Bearish Bat Pattern In the creation of this post. Using previous support and resistances from the burgundy colored rectangles. you can see because of the Fibonacci retracements reached specific zones explained what to look for. Coming off a Bearish Gartley Pattern right into a Bearish Bat Pattern is just too funny. Using support and resistance including watching the market move in the waves it does. This Prediction might get moderated because I can't follow house rules and I'm trying and new to posting. 0.50 222 I am publishing this upcoming trade for the future. Hopefully this is a trade a lot of people make money with. Good luck. see you in the future It is not recommended i guess. " please mods lol
Short
by Fxinflation
1