How in the world is Reddit worth 34 billion dollars?

I was looking at its market cap which was 34 Billion at the time I posted. Compare that to Kraft Heinz (KHC) which has a similar market cap but has earnings of 2.7 billion.

 

Reddit has wsb..its one of the only popular stock forums for all our many many low IQ youth here in USA. And the real traders and investors on the site program an investing model into the youth..quite effectively. Things have changed since covid. There is a huge group of young regards that sit home all day trading NVDA, SMCI, TSLA, META, RDDT calls...only calls.

And one of the biggest Long reinforced stocks is...wait for it...RDDT. If you try to question RDDT valuation or Long position, you will be immediately Auto-banned. So their system really works at programming the youth mind in investing. Look at the NVDA valuation. NVDA is just a Gaming processing Chip design company. DeepSeek has just proven that the need for massive GPU is fake. Always has been fake. SMCI has been a known Scam for 8 months now. WSB got its start with the Gaming Company GameStop. META is a failed Facebook company which switched to a failed Metaverse company which switched to a Failed AI company.

TSLA was the first covid era Darling Meme Stock reinforced repetitively Long on wsb. Its a kids site..about kids investing in the stuff kids Love. Investing all day instead of gaming all day. But the leaders of these meme stocks. One of the leaders is now the defacto president of the USA. Another is Israel's next President. The third will soon become the main party leader of China's opposition party.

I think in the near future, there will just be AI modulated Forum ChatBots with regards just following Long orders. Programmed Orders. Entire Youth populations following AI orders without question. Even when the Printing and Fiat burns and the debt can no longer be sustained. They will still be buying RDDT stonks with Diamond Hands.

 

That "phenomenon" is called tax efficiency.

 

This is because tech company valuations are based on different fundamentals. IOW, you're comparing apples w/ oranges.

 

You mean growth companies would rather re-invest their money back into themselves instead of give it to the government? Greedy capitalists!

 

Yep

 

Invest in what?
What is this new thing they're supposedly investing in?

It looks like they're losing money and burning through their assets to fund their continued operations.

 

We'll wake up one morning and SNAP will be at $15. On its way to $20+.
Why?
No idea. But it will. In 2025.

 

This is one of the funniest posts I've read on ET. Can you fit in more falsehoods in one post?