On Friday I took a 2.2 million position in Reddit following the stock dropping over 20% percent on its earnings report, which was actually good. My investment thesis in general stems on waiting for the market to get something wrong and take advantage. Two days ago it got it wrong on Reddit. The main thing is this - market assumes Google using Reddit to display instant answers in search without click through represent a systematic danger to the site. At a time where Reddit contemplates revisiting
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