I know reddit is moving towards paid content and premium subscription in the near future. What I don't actually know is what the appetite is for such things in our current market, though reddit seems to believe that there is enough regular use from users who may be willing to pay a bit for superior products, my inclination is to trust that they'd see some profit in the near term but may also face long term uncertainty as tech competes for AI content models with human customers. Reddit has a broad user base with IIRC from a survey you posted, a relatively equal political spread (though progressive heavy for sure) and tends to have people with college degrees young-to-middle age, who may have income they'd be willing to spend. I don't recall if the survey looked at career or income.The stock went down with the market going down. Tesla (TSLA) is down 24% in the last month while Reddit (RDDT) is down 30% in the same time. $1.4B is almost nothing for Tesla which is $780B, when reddit is $20B, and Tesla had 50x the revenue as reddit last quarter but is less than 40x the reddit valuation
So, would you short or long reddit here? What trade would you make if forced to make a trade?
This guy a few days ago:
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You should definitely be selling these contracts to these people. The premiums on them are almost certainly rising as more and more "protesters" try and sink the musk ship.
If you look through the x replies it's definitely exactly what you state here.
Following up the original post on reddit: Post was deleted by mods and there's a mod thread noting that the poster on X has been active in conservative groups talking about TSLA Musk drama (typically siding with Musk) and he uses a combination online forums and telegram groups to pump risky stock moves that aren't good advice but generate him commissions which he then goes back to delete unfavorable discussions/bans users. He has numerous alts that he uses to create favorable reviews etc. The post on reddit was trying to use the anti-elon stuff of late to expand the grift. A bunch of folks have mentioned that it was a very bad move to make and advised against any of this stuff.Agree there.
In this case I do think the initial tweet is kind of a misrepresentation albeit a funny one.
Maybe the earnings call today will cause a short squeeze if they say they're finally putting some of their cash to work by buying bitcoin or whateverit's about to blow up again btw.
GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that its board has unanimously approved an update to its investment policy to add Bitcoin as a treasury reserve asset
What does GameStop sell other than being a stock.There we go
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GameStop Announces Update to its Investment Policy to Add Bitcoin as a Treasury Reserve Asset
GRAPEVINE, Texas, March 25, 2025 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that its board has...www.globenewswire.com
They should shut down their most unprofitable stores and then use some of that cash they have to buy something not even related to gaming like ROOT insurance that is close to being profitable. Or do like MSTR did and buy some bitcoin
Gameshire StockawayWhat does GameStop sell other than being a stock.
Gameshire StockawayThey should've done this. ROOT was $44 that day and is $168 now
Not necessarily, but some of the huge players (banks, hedge funds, etc.) will monitor the options market and a massive (multimillion $) options trade one way or the other may influence their buying and selling of the stock.Does buying put options do anything to the stock value itself?
Should have had a system setup to prevent/punish/tax/prevent exploitative industries.Imagine owning apparal companies the entire time that it's been obvious tariffs were coming against the countries where those clothes and shoes are made. People who still owned Nike, Columbia, and so on, deserve the losses