Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Wednesday, March 20, 2024

Reddit IPO Tomorrow

 


With 800 million USD in revenue in 2023 and 156 mln. USD net loss in 2022 Reddit Inc is worth 17 billion USD, much above the likely valuation on the New York Stock Exchange IPO tomorrow of around 6.5 billion USD, according to Wolfteam Ltd.'s projections and revenues.

Reddit's data is just too valuable as Alphabet's recent  purchase of Reddit's user comments data for 60 million USD to power and teach Google search to improve its algorithms showed.

Reddit could vie for a partial Meta's Facebook social networking alternative in the long run.

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