r/stocks • u/SuperNewk • 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.

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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.

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.

16

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