Will Reddit Be Worth More Than Apple by 2030?

One of the hottest tech stocks cruising atop the market these days is Reddit (NYSE: RDDT). The company has seen its share price balloon by over 170% since its March initial public offering (IPO), with much of that rise coming after its late-October earnings release.The stock's momentum has pushed it to a market cap of over $24 billion. Such an advancement is reminiscent of the (admittedly far more long-term) rise of mighty Apple (NASDAQ: AAPL). Yes, Apple is a nearly $3.5 trillion company these days, but if Reddit continues to rise in popularity, maybe it could match or even exceed the tech powerhouse's market value by the end of this decade. For those who might not be familiar, Reddit operates an online forum in which users post about, and react to, a dizzying number of topics. This neatly fills a niche opened by search engines like Alphabet's Google, which can provide results that are quick-hit answers to queries, but typically offer little depth or discussion.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool