“9 Stocks That Could Make You Rich”
Reddit's current $30B valuation is low relative to its growth; it could reach $50-60B in a few years.
Now, next up we have Reddit, a website that everyone in the world is familiar with. It's been around for seemingly ever, but the interesting thing about Reddit is as old as it is, it economically seems like a young company.
When we look at Reddit, it looks like it just started in 2020. The revenue was only $93 million. That's not a lot for one of the biggest websites in the world, but that's actually just when they went public.
And it seems like Reddit really started to monetize right after going public. In 2020, the revenue started to grow dramatically, almost doubling in a single year, continuing to double, going up to $500 million in a trailing 12-month period only in 2 years.