$Reddit(RDDT)$ Another company that will always lose money like $Roblox Corporation(RBLX)$ , they send them higher because the rich old hedge funds say the playbook of increased losing for more revenue = good, well I say I will destroy reddit. gl becoming pins time to advertise to the soccer moms!
History is the judge of how much you can trust a guidance. The loss for the latest Q is 17.5% more than the expected loss. Did the management warn the investors of this loss in their last guidance, or they were blind and could not see it coming? If they were blind, how can you trust the current guidance?
The loss was 17.5% more than the expected loss. Even though that warrants a 30-50% reduction in share price, a 17.5% reduction in share price would put the stock at ~ $40. Heavy selloff is expected…
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