Sell RDDT by Dec 7, 2026.

Reddit's growth in Q2-2026 was up 61% vs. Q2-2025 (operating income up 242%), and that's amazing, but I do think its revenue growth will decelerate. Almost all revenue comes from advertising, so future growth has to come from an increase in users and/or an increase in APRU. The user base in the U.S. isn't growing. The user base internationally is growing. ARPU is \~40% of Meta's ARPU (where users spend a lot more time, and Meta has a lot more …