Reported 4 months ago
Bank of America Securities senior internet technology analyst Justin Post discusses the potential impact of the returning meme trade frenzy on Reddit, characterizing Reddit as an 'AI beneficiary.' It is uncertain whether Reddit will be considered a meme stock in the future, as the company has signed deals with language model companies to enhance performance. Post notes that Reddit's value is currently seen as fairly neutral and mentions that improved Google traffic flows are contributing to their recent success.
Source: YAHOO