Bullish on Reddit (RDDT) viewing the $60 drop in 10 days as an overreaction ahead of Feb 5 earnings, citing solid revenue and DAU growth.
RDDT — LONG The author argues RDDT's $60 drop in 10 days is a massive overreaction driven by insider selling and mid-tier negative headlines, while underlying revenue and DAU growth remain solid. They see the confirmed Feb 5 earnings as a catalyst for a reversal and are considering playing the dip. The main stated risk is the ongoing volatility and negative sentiment.
But if you actually look at the underlying metrics, the Revenue and DAU (Daily Active Users) growth are solid. Earnings are confirmed for Feb 5th. This looks like a massive overreaction before the numbers hit.