Reddit shares soar 14% after company reports revenue pop in debut earnings report. This Reddit Dog Will Hunt!

Why this helps Silver ... wait for it

May 07, 2024

Reddit released its first quarterly report following its IPO in March.
Revenue increased 48% to $243 million for the first quarter.
Reddit reported 82.7 million daily active users for the period.

The Reddit algorithm is superior to Twitter, Facebook, YouTube, and LinkedIn, and it's quite simple to understand why.

I'm going to be my usual asshole self and tell you that if you fail to understand this, then you're a moron.

OK, here is why

Reddit is a social media platform that separates its users by their interests. Think of it like a University where there is a college of:

engineering
medicine
law
history
geology
mathematics
chemistry
biology
physics

etc

Just like this classic University with Reddit, there are groups of people ~~studying~~ joining Reddit communities of:

Silver
investing
crypto
technology
art
film
literature
their home town
tiny homes
etc.

The Reddit business model and algorithm is superior because it ensures that you're always in the right place at the right time, just like the saying 'when in Rome….' or 'birds of a feather….'

People who want to bounce ideas off each other prefer to speak to colleagues with shared expertise, experience, interests, and, most importantly, a shared "skin in the game."

The chief problem with platforms like Twitter is that if a user has an opinion and tweets it out, "then it just disappears." It's like going to a frat party and screaming near the keg, "Anyone want to talk about Greco-Roman History?" or Going to a Rave and wanting to discuss de-dollarization. Sure, it's a party, but there is nothing curated or searchable, and this is why Google is indexing Reddit forums higher than Twitter.

Consider this amusing scenario: when you search 'how to buy Tesla stock', the discussions and forums that pop up are on Reddit, not Twitter. Just imagine the potential frustration this might be causing our beloved bratty Elon. He's probably fuming at Reddit right about now!