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Reddit’s Stock Dip Hides Strong Growth | Raleigh News
Jim Cramer’s calling Reddit a “such a buy” despite its stock dropping 30% this year — and here’s why: the platform’s crushing financials show 60%+ revenue growth for eight straight quarters, with Q2 earnings smashing records, hitting $805M in revenue and crossing half a billion weekly active users. While U.S. daily active users dipped (possibly due to AI search competition), CEO says focus on loyal, engaged users is the right long-term play. Analysts remain bullish, with strong buy ratings and price targets suggesting major upside. Plus, Reddit just bought back shares — a sign management…
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