3 ms·
It's twice its value in 2016 despite revenue falling significantly pre-covid and accumulating a lot of debt. Reddit investors may have had a good investment ca
by rhino369 6y ago
It's twice its value in 2016 despite revenue falling significantly pre-covid and accumulating a lot of debt.
Reddit investors may have had a good investment case at 4 dollars (basically assuming it won't go bankrupt). But it could right-size and enjoy modest growth in online sales and still not be worth what it is now.