Wall Street bets on Reddit
Can the social media platform’s text-based, user-generated boards thrive in the public markets?
Unhedged · Financial Times & Pushkin Industries
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Show Notes
Reddit has never had a profitable year. And yet its IPO this week saw its shares skyrocket on the first day of trading. Today on the show, we ask if Reddit is a withering social network riding irrational exuberance, or a prescient play on AI’s growing need for user-generated answers. Also, we go long momentum and short illustrations.
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