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Diversifying away from advertising, while tapping into an AI-adjacent market, has made Reddit attractive to investors https://t.co/cVGJkjpp0i
Diversifying away from advertising, while tapping into an AI-adjacent market, has made Reddit attractive to investors https://t.co/CNRowzDXov
Reddit stock has surged by 220% post-IPO, hitting new highs following a bullish upgrade from Morgan Stanley analysts.
Morgan Stanley has upgraded Reddit, citing strong growth in advertising revenue as a key factor. The firm's analysts highlighted the platform's potential for expansion in both its advertising and AI data licensing businesses. Following this bullish upgrade, Reddit's stock has surged by 220% since its initial public offering (IPO), reaching new highs. Analysts noted that diversifying revenue streams beyond advertising has made Reddit increasingly appealing to investors, particularly as it explores opportunities in AI-related markets.