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businessMar 28, 202417:02pending

Wall Street bets on Reddit

Unhedged

About this episode

Reddit has never had a profitable year. And yet its IPO this week saw its shares skyrocket on the first day of trading. Today on the show, we ask if Reddit is a withering social network riding irrational exuberance, or a prescient play on AI’s growing need for user-generated answers. Also, we go long momentum and short illustrations. 


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Follow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on X. You can email Ethan at [email protected].


Read a transcript of this episode on FT.com


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Wall Street bets on Reddit

Unhedged

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