$Reddit(RDDT)$ My choice is the WSB forum. My target price for Reddit on its first trading day is $40-50.
Reddit has a particularly high profit margin, and management explains that this is because the primary form of community interaction on Reddit is text-based, resulting in significantly lower technical costs compared to image and video platforms.
Reddit is a genuine gen AI company. Currently, among companies that license data for training large language models, I only see Reddit reaching the level of tens of millions of dollars in annual licensing fees.
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