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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
Kizuna is not readyKizuna is on UniSwap and this was requested ... this was my response not recommended to enter ... even though price action has bullish div on the daily price action has dumped pretty hard and i think the price will break below support level wait for price to break down ... then cross above white line ( level ) set alert at 0.00000002425 and check to see if price action remains above support level ( white line ) then it would be nice time to enter Not Financial Advice
UNISWAP3ETH:KIZUNAWETH_B7F27E.USDLong
by TradeIntuition
1
GBP/USD Short, AUD/USD Short, EUR/USD Short and CHF/JPY shortGBP/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. AUD/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. CHF/JPY Short Minimum entry requirements: • 1H impulse down below most recent low. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
CTK - Breakout from the channel - Short Trade#CTK/USDT #Analysis Description --------------------------------------------------------------- + CTK has clearly established a well-defined channel, and currently, the price is breaking downward from this channel. + This signals a bearish trend, offering a potential opportunity for a short trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.8780 Stop Loss: 0.9558 ------------------------------ Target 1: 0.8236 Target 2: 0.7732 Target 3: 0.7342 ------------------------------ Timeframe:4H Capital Risk: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Short
by VectorAlgo
CETUS NEW INCREASE VOLUMEThank you for reading this update. Depending on our study we see that CETUS has a good chance of volume increase. This updates depending on day trade, And the market should confirm with time the right market way. Our study shows that Cetus can break in the coming time frames. New updates will be added on this page when there are new target gains. #Nottradingadvice #For Day traders take always profits when the market increase #Expect nothing from the markets, but follow what it shows.
Long
by SatochiTrader
A Bad Trade Plan Is Better Than No Trade PlanTraders often talk about the need to be patient but to be patient, we must know what we are being patient for. That is why we have a trade plan and know ahead of time exactly where to enter, where to place a stop, where to exit, and how much size to put on. In this post I continue with our trade planning exercise of 30 planned trades by making a trade plan for LEN. Keep in mind that the exercise is all about learning consistency and discipline and not about the method or whether the trade wins or loses. In the video, I speak of not being worried about losing all 30 trades in a row. It's not that I have steel nerves, it's that i have planned ahead of time for 30 losses with my position size. Shane
NYSE:LENLong
by ShaneBlankenship
EUR/AUD Short and NZD/JPY ShortEUR/AUD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
1
JASMYCOIN (POSSIBLE IDEA)Could this be the direction Jasmy is going? An idea I've come up with--. I can't explain much on the direction of jasmy. The break into the red circle and falling out only to repeat makes sense but once the graph passes the red circle there is no break, which makes sense. I used a previous incline wedge to measure a possible view for the future with a reverse coloring to account for what it would be like. The more Jasmy loses the closer red is of course so using that logic it's a guess on if Jasmy were to move forward and up then there is a small window based on this indicator guess.
COINBASE:JASMYUSDLong
by CryptocurrencyBlot
NEAR USDT TO $12NEAR USDT TO $12 Long accumulation phase on daily timeframe that finally broke out. A move like this could have potentially a lot of upside. We saw the same with AVAX a few months ago, albeit on the weekly timeframe. And we played AVAX when it was under $10 to catch that megapump upwards of $40. NEAR could go a lot higher, with $12 just being the first target. Why $12? The previous high on NEAR was sub $20. However, there was a lot less coins in circulation in 2022 when NEAR hit its previous highs. If we take the previous high market cap (12.5b) and use that with the current circulating supply, that takes us right at $12. That's not to say that it can't go higher than $12, but just $12 should be the first target. Which can also see a possibly pullback. If we can get past $12 without any pullback, we could breeze through $15 and previous highs. BINANCE:NEARUSDT BINANCE:NEARUSDT.P BYBIT:NEARUSDT.P BINANCE:NEARUSD COINBASE:NEARUSD KUCOIN:NEARUSDT MEXC:NEARUSDT.P OKX:NEARUSDT.P BYBIT:NEARUSDT BITGET:NEARUSDT.P BINANCE:NEARUSD.P KRAKEN:NEARUSD MEXC:NEARUSDT BINGX:NEARUSDT.PS COINBASE:NEARUSDT CRYPTO:NEARUSD
Long
by Coindatahouse
BTC 67500 CAN CHANGE THE TREND TO BELOW 60k -VERY IMPORTANTThanks for reading this update. IF btc can gain below 67500 in the coming time frames with confirmations, then is BTC able to show a huge recovery trend which could bring BTC below 60K, to 56K Target. Even the ETF hype trend can go over as the AI, and it can become a normal trend as we don't have a hype trend for APPLE of other stocks at this moment. If we check depending on data the volume ranges on the market, then we see an overflow volume, which could get a recovery so there will be a new chance for new smart money. Below 67500 with confirmation is an important trend for BTC where it could return to 56K . The following will be on trend - IS BTC going to 67500 the important strong red zone of the trend. We use the same way as we expected the trend below 42K to 48K and ATH. www.tradingview.com The buy whales and position holders should do their best to hold the levels, otherwise, we are going to see in high chance of a new return to blow 60K.
CRYPTO:BTCUSDShort
by SatochiTrader
2
Anticipating Explosive Growth for SUIUSDT🔅SUIUSDT has showcased significant respect for the $0.51 demand zone, highlighting a crucial support level within the price action. Concurrently, a notable surge in volatility suggests an imminent explosive move in the near future. Analyzing the current price dynamics, particularly the bounce observed from the demand area coupled with the formation of higher highs (HHs) and higher lows (HLs) pattern, strengthens our expectation for a substantial growth surge. 🔅Our upside target aligns with the 78.6% Fibonacci retracement level, correlating with a previously established supply area. Achieving this target could result in a robust 50% gain. We've already shared our comprehensive trade setup in our channel, positioning ourselves to capitalize on this potential opportunity.
Long
by CryptoPAMM
1
XAUUSDHello👋 📊Analyzing gold price based on Elliott waves and price action... The main and important range of support is $2150 and as long as this number is maintained, it will continue to be an upward trend. The market can complete this upward path in 5 Elliott waves, which we are currently in the 3rd wave The targets of wave 3 are 2213 and 2283, respectively The main and important support of 2150 The final target and wave 5 is 2350 The waves may change along the way, and the update will be done.
OANDA:XAUUSDLong
by Elliottwaveofficial
7