What’s going on with SOXX pre market? Why is it at 143?
Prspctr
Posts (61)
Requiring login for Reddit is the best possible decision they could’ve taken.
- it’s easy - nobody cares and they’ll log in
- monetization is great
- quality of content will go up.
- content can be walled and prevented from crawls
- lot of new ideas for new engagement features.
- personalization & feed gets more engaging.
They are making it logged-in user only. That is the most material info so far. It’s meaningful for investors and for AI value.
What is driving this? Is it the Chinese companies purchase orders, SpaceX or Amazon preorder?
The coming catalyst/unknown is the AI licensing deal renewal. Whoever sells is essentially giving up finding out what that will bring. Whoever is buying is accumulating for a big run up.
Calm down everyone. While I’m hoping this rockets, there’s always some path to $190 by Friday.
FYI that the shares were repurchased by Reddit at $157, and they still had $750M worth of budget left to buy back shares, as of last earnings call.
Fyi Reddit management had repurchased shares at 157$, if I recollect correctly as per their earnings call. So there’s that support.
Probably big & patient players accumulating & holding until the licensing news comes out. Then it rises back.
Good point on gap fill… always forget the basics.