Ross Gerber, the President and CEO of Gerber Kawasaki Wealth and Investment Management, has raised questions about the advertising model of Reddit Inc. (NYSE:RDDT).
What Happened: On Wednesday, Gerber, who is known for his bullish stance on Tesla Inc., took to X, formerly Twitter, and expressed skepticism about Reddit’s advertising model. He responded to a tweet about Reddit insiders selling stock after the IPO, saying, “Ever click on an ad on Reddit? Isn't this really a tech non profit?”
According to a recent SEC filing, Steve Huffman, the CEO & President and 10% Owner of Reddit, sold 500,000 company shares on March 25, 2024.
Reddit is a social media platform where users can submit various content ...
business Model: 'Isn't This Really A Tech Non Profit?'>Full story available on Benzinga.com