Wall Street bets on Reddit
Mar 28, 2024•17 min
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Episode description
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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Read a transcript of this episode on FT.com
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