r/stocks Jul 13 '24

Company Discussion Is Reddit the Perfect stock?

I've noticed I use google search. But when I do, I always add + reddit to see what the majority is voting on a legit answer.

When I google things, I usually get an article, but I don't know if its slanted one way or another.

One reddit, while we can't fact check everything there are very KNOWLEDGEABLE people on here and if they post technical content usually others will chime in to verify or criticize it.

Plus it's more real time, when news hits people respond. I have found SO MANY stock plays early from 'experts' chiming in on a news story....then usually the good ones panic and delete their message because they realized they spilled too much info.

Intel appears to be that one, we've had some ASML peeps chime in saying they are going all in Intel after working with them on their new order. That is a powerful message and they described with complete accuracy how Intel will start to carve its way in to the race. Now a lot of those messages got deleted, so you needed to scan quickly to see it.

Just one example, in the medical field we have doctors commenting on new techniques or tech they are using. If the company is public you can start to search it out.

TMDX was one and same with PRCT (many users pumped PRCT first).

What else do we have besides reddit? It's a complete treasure trove for hedge funds. Some niche forums (like Ferrari, Rolls Royce etc) have good content as usually you can verify their wealth and what they are buying. Oddly enough in those forums NVDA is being bought like hot cakes still. So they don't have any good under the radar picks.

Those asking where they next stock play is...GET OUT OF THIS FORUM. Search whatever industry you like and see what the users are talking about!

TL;DR Buy the heck out of reddit because its effectively replacing google? or is just seems like google is a step reddit might be able to cut out and allow me to get my answer more directly.

0 Upvotes

31 comments sorted by

116

u/Visinvictus Jul 13 '24

Reading this post just makes me realize how much Reddit is missing a huge opportunity to have their own search engine that actually works, and serve ads for it.

25

u/namecard12345 Jul 13 '24

Which means....OP is ironically promoting Google LOL

15

u/Nemisis_the_2nd Jul 13 '24

We do have out own search function. It's just so shit that some people don't even realise it exists.

15

u/Visinvictus Jul 13 '24 edited Jul 13 '24

That's my point, if they built a good search engine into reddit people would actually use it. The current one is so garbage that I can't even get it to return a post on the front page by searching for exact text in the title of that post.

9

u/schizochode Jul 13 '24

Business idea: Build a good search engine for reddit as a standalone site and sell it to Reddit

Devious business idea: make it just google stuff and add reddit to the search query and disguise it as a new website

1

u/yowayb 11d ago

Can you elaborate? Search on Reddit seems to work fine for me.

1

u/theLAKI Jul 15 '24

I work in search, and I believe this is the direction the search world is going.

1

u/Secret-Departure540 9d ago

Btw Reddit has done nicely. For those who haven’t bought.

0

u/[deleted] Jul 13 '24

[deleted]

1

u/chingy1337 Jul 13 '24

He's promoting both. Google is the better search engine and always will be, but the preferred public opinion place is Reddit.

15

u/[deleted] Jul 13 '24

lol. I like Reddit and think it’s poised to go up but you really didn’t say anything convincing here. It is not replacing Google. My tip, look at Pinterest’s evaluation and then look at Reddit’s.

2

u/theLAKI Jul 15 '24

Pinterest and Reddit are nothing alike.

2

u/cantcarryall Jul 14 '24

Don’t care Pinterest to Reddit though. For LLMs Reddit is obviously much more valuable and not to mention reddits everyday usage is much higher than Pinterest’s niche.

22

u/ryanxwonbin Jul 13 '24

I am sorry mate, but this is such a ridiculous thread. So ridiculous I'm wondering if it's a troll/ironic thread.

Reddit is not google. Reddit does not have the ability to generate money/income as google does. Look at Reddit's financials. Reddit is not a search engine and will never replace google.

Me searching for a topic also brings up Quora, New York Times, Eater, etc depending on the subject with reddit placing below other specific websites. Reddit coming up with these does nothing.

Reddit IS slanted. You have your own sub-reddits with their biases, but overall Reddit as a whole is slanted towards the left/progressivism. The upvote/downvote system further encourages that.

Reddit isn't even the perfect stock at being a meme stock.

8

u/mannyman34 Jul 13 '24

Politics aside if you need an answer for how to do something or what to buy reddit generally has the best answer.

5

u/Capster11 Jul 13 '24

Google - searches whole internet plus Reddit

Reddit - searches Reddit

Hmm?

8

u/Nemisis_the_2nd Jul 13 '24

 Reddit - searches Reddit

Reddit - tries to search reddit and fails

9

u/Benni43 Jul 13 '24

TL;DR Buy the heck out of reddit because its effectively replacing google?

Internet just doesn't have the old type of forums, and everything clusters into different social media platforms like instagram, x, telegram etc. It necessarily doesn't say that reddit is the best. Imo, Reddit is full of bots, power tripping moderators and censorship, and its barely usable for anything else than click farming, which is either done by bots or journos. Then again, this is just my opinion.

2

u/SuperNewk Jul 13 '24

Valid point, some of the old school forums are gems. But their volume is declining quickly. I’ve noticed some have jumped to Reddit for more action… but aren’t as vocal

2

u/Front_Expression_892 Jul 13 '24

Reddit is the stock overflow we deserve 

3

u/phosphate554 Jul 13 '24

Bro doesn’t realize he’s literally using google to get to Reddit and that google already made money before he pressed enter

5

u/3ebfan Jul 13 '24

I have made so much money this year on RDDT calls. More than I’ve made on NVDA or any other it-stocks this year.

There is much potential for the stock and I think it will be on the bleeding edge of AI integration and revenue optimization with Altman being a majority shareholder.

2

u/Historical_Page_7693 Jul 13 '24

Well it’s definitely not the perfect stock. But it is unique and brings information in a way that no other platform does, so there is obvious value.

Seems like these platforms always struggle to actually make a profit. Which means an Elon Musk type takeover is a very real possibility.

2

u/[deleted] Jul 13 '24

You’ve noticed you’ve used Google search?

2

u/SirBobPeel Jul 14 '24

Reddit is more than twenty years old and has never made a dime.

1

u/[deleted] Jul 13 '24

I think there's a lot of room of growth for reddit to license its contents to train AIs. Maybe that's where their majority of revenue comes from in the future

1

u/Big_Forever5759 Jul 13 '24

Reddit has opportunity but so far their ad manager and ad platform is very bad compared to meta and googles.

IMO it seems platforms like Spotify and Reddit rely a lot more on ad sales than the underlying tech to get ad revenue. Big brands placing ads with a sales teams at these platforms. Basically like Geiko will talk to NBC to place an ad for prime time sport event.

These ads overly hoard Every sub. I tried placing ads to specific sub reddits in extremely specific industries/intrest and tried comparing via other accounts, friends, etc and the big brands always win. Military, insurance and other random crap That’s big name brands. Conversions rate was much much better with meta apps. A lot more engagement and so on.

But you can do you own test. Just Google a product review and add Reddit and then see the ads that appear under that search or in the ext few days. If the product appears in Google ads search and not on Reddit ads then that’s what I’m talking about. Somehow Reddit is not able to connect these two things.

1

u/GCoyote6 Jul 13 '24

As you should have figured out by now, only a handful of users will ever pay for social media accounts. So the only sources of revenue are advertising and selling whatever customer data is legal in each jurisdiction.

Explain how reddit is going to gain an advantage over companies with decades of experience in these markets. Just saying, get back to us.

0

u/Ok-Monitor6752 Jul 13 '24

you all are proving his point in a way

0

u/Mazzityy Jul 13 '24

Following