Phaetrix (@phaetrix): "19% user growth looks like proof. Sometimes it is. Sometimes it is just the part of the story that still looks strong before the market starts asking what kind of growth it actually is. The setup is not whether Reddit is growing. It is what that growth is worth if AI changes…"

19% user growth looks like proof.

Sometimes it is.

Sometimes it is just the part of the story that still looks strong before the market starts asking what kind of growth it actually is.

The setup is not whether Reddit is growing.

It is what that growth is worth if AI changes how people discover, skim, and use the platform.

Reddit: Forget The Noise, 40% Growth + $1B FCF

Mar 25

11:53 AM