Nextdoor Holdings Soars 21% on Eric Jackson's Bullish Investment Thesis

Stock Track12-11

Nextdoor Holdings (NXDR) saw its stock price surge by 21% on Thursday, reflecting strong investor confidence in the hyperlocal social networking platform.

The rally was primarily driven by investor Eric Jackson's bullish investment thesis, which he shared on social media. Jackson highlighted Nextdoor's verified neighborhood model, operational improvements under CEO Nirav Tolia, and long-term growth potential.

His post emphasized the platform's 100 million users across 10 countries, reduced spam alerts, and a rebuilt onboarding process. Jackson's illustrative valuation scenarios, projecting significant future growth, further fueled the stock's upward momentum.

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