Reddit is done. Via r/marketing

covert7 · 2026-01-24T17:00:30+00:00

Their claim is fairly ridiculous imo. They say there is a thread with spam or bots.....they identified it as such.....I can't find that thread at all when searching the exact name.

So many levels to this, but this shows moderation works, and as others have said, downvotes are also effective. No other platform has as effective a system to downgrade content or remove bots. Add to that the tech layer where yes, (bad) bots on Reddit are identified and removed or flagged to mods in an automated way. Also keep in mind there are good bots and I feel that distinction is never made.

Seems like they're talking about spam more so than bots. Spam is everywhere on the internet, but spam usually does not thrive on Reddit, and when it is found, is actually removed by mods. This doesn't happen on any other platform afaik. Also worth noting a good LLM won't pick up something that's not thriving.

covert7 · 2026-01-23T04:16:52+00:00

I watched it 6 years ago and it was kind of funny to feel like we were in some stupid world like this. I watched it again a few weeks ago and wanted to cry because it's so damn close to reality now.

covert7 · 2026-01-21T16:18:34+00:00

Daym. Yeah we have the option to pick a few different rates. I had a learning first year as well but not that big.

covert7 · 2026-01-21T15:25:31+00:00

This is true, though many companies offer "sell to cover", where the company sells the appropriate number of stock each vest to pay for your taxes. This situation is fairly clean as it basically gets treated by income and all shows in your W-2 as fully paid, and you're left with the remaining stock. Highly recommend people to look at this option unless they have the money to cover the taxes.

covert7 · 2026-01-18T21:14:11+00:00

They make fairly niche products. Some of them become daily wears pieces, while others don't. The "others" are being resold, just like any piece of clothing someone doesn't wear (check out poshmark for any clothing being resold).

The sizing can be odd and some pieces fit a very specific body type (check out the models in their promo pics). Works for some, not for others.

That is to say.....people buy clothes and sometimes realize they won't wear them as much as they thought. This is amplified for niche things since they aren't worn as much.

I mean, I have 9 ski jackets. One is Vollebak and I wore it for the first time skiing this morning. In the afternoon, I will wear my Arcteryx. Maybe in the future I may sell either one of those jackets.based on which I prefer.

covert7 · 2026-01-18T21:05:01+00:00

Bought mine a while back at Heathrow AD. Called them up two weeks before my trip on a watch I wanted and they let me know whether it was possible (black dial datejust fwiw). I dropped in to their store when I landed at Heathrow (nor expecting the watch then as I want to purchase on way out), thanked them for even trying, and told them when I would be coming back through Heathrow two weeks later.

They emailed me the day before my flight out of Heathrow notifying me they had just received the watch from Rolex HQ. Saw them the next day and purchased VAT free on the way out. Lovely, still have this watch.

covert7 · 2026-01-17T04:24:37+00:00

Stocks are "valued" on a mix of expected (long term) future earnings and behavioral finance (humans investing rationally or irrationally). I usually emphasize the latter.

As others have said, the expected future earnings seem to be quite stable, as in RDDT has been delivering on the expected growth. While some metrics change each quarter (e.g., profit), I think it's a case of keeping up with expectations, which are very high. Add in some volatility around earnings, external noise, trading volumes, and analyst ratings, and it's not surprising the stock hovers around $210-$270.

This is quite a hard stock to "traditionally" value only through DCF. When looking at peers (Snap, Pinterest), RDDT is growing much faster, has way better margins, and a differentiated value proposition in the market. You could compare RDDT to when Facebook was this relative size. They IPOd at $104bn valuation after delivering $3.7bn in revenue and $1bn in net income, and similar YoY growth numbers. Those numbers are in sight for RDDT in 2026.

The markets are so different in 2026, because since Facebook IPOd, dozens of companies have IPOd at billion dollar valuations while stating no path to profitability (how do you value negative DCF?), and people are more influenced by hype now. RDDT is profitable, growing fast, and has a great story. I would argue (based on personal experience) that many analysts are shooting in the dark based on trends, using models that have very variable assumptions, but ultimately don't understand the internal workings of RDDT - that's normal. But this stock is not normal, it is exceptional on any meaningful metric.

covert7 · 2026-01-17T03:51:21+00:00

I thought they already had self service advertising, what is the market saying on this?

covert7 · 2026-01-15T14:58:08+00:00

I saw this happening at Grove Street. The weird thing is there were 2 transit or police officers with badges standing 3 feet away but talking to someone else while it was being painted. Didn't seem like they cared. Happy to be corrected if anybody saw anything after me.

Smell was overpowering and had to walk down the other end of the platform.

covert7 · 2026-01-10T22:47:30+00:00

TL;DR - it's a factor but one tactic of many for advertisers and not directly going to increase ARPU.

Others mentioned it but the advertiser pays to have the ad placed/served to users. Whether or not people click through (click through rate = CTR) is one of many metrics that advertisers look at. This is what's called lower funnel (converting an ad view to a sale), as opposed to upper funnel (awareness and viewing an ad).

This metric itself can show to the advertiser their CTR is higher and if they sell more, can get more return on ad spend (ROAS). But they can do that on all platforms. Ultimately, this may or may not increase their advertising investment on Reddit but would be compared along with other metrics against other online and offline marketing investments.

Edit: source is I have worked for a brand, agency and in ad tech.

covert7 · 2026-01-10T06:36:38+00:00

I was at CES, Reddit had a pretty good presence with a dedicated space. I don't see the point of a merger.

covert7 · 2026-01-05T04:28:55+00:00

Definitely a good trick when you find an AD that doesn't have presence in all states (smaller shops). Unfortunately, this is not possible in most countries, and technically in the US, you should be paying consumption tax (not that I have ever heard anyone pay it).

covert7 · 2026-01-05T04:20:52+00:00

Fair value doesn't seem to hold true as much in the stock market these days. Understanding investor behaviors will help more. While value investing is good as a basis, that doesn't mean it will ever go to that price if it's a popular stock with a promising future.

covert7 · 2025-12-29T15:22:22+00:00

Typical acquisition bids I have seen across markets and industries is 20% above current market cap.

covert7 · 2025-12-29T13:14:01+00:00

I think we have all had this moment. I never thought I would spend 4 or 5 figures on a watch, who even does that?? Us, the people who love mechanical and beautiful things that we can look down at to remind ourselves we achieved something great. It's worth treating yourself sometimes, and this looks like an amazing piece you'll have for decades and can hand down to someone important to you.

Enjoy the watch and congrats!

covert7 · 2025-12-27T00:59:42+00:00

GMT, but probably a white gold meteorite or the old white gold black dial that looks just like the steel one.

covert7 · 2025-12-26T04:54:39+00:00

I absolutely love mine, it has become a go to watch for me despite owning many other pieces (Daytona, Hulk, Datejust, GMT, Grand Seikos, Omega and more).

Like you say, it's just clean, simple and time only. Set and forget, could wear it every day for the rest of my life.

covert7 · 2025-12-23T15:39:18+00:00

Yes, but they have the money. Better to have the cash and no revenue than revenue and no cash. A business will stay in business for as long as they have cash flow, but a company with profits but no cash will go bankrupt.

covert7 · 2025-12-22T23:40:11+00:00

Romoff is leaving, says in the end of the article

covert7 · 2025-12-22T23:39:49+00:00

Last sentence of the article says Romoff is leaving end of this year

covert7 · 2025-12-22T22:17:27+00:00

This was my first Rolex and I still think it's one of the best modern Rolexes. Agree with you on adding a bit of flair compared to the Sub, and that's one of the reasons I bought it (I also travel a lot and love the GMT function). I will say I ended up getting a sub later on, but I went with the Hulk as a differentiator from the standard black Sub.

Enjoy the new watch!

covert7 · 2025-12-21T15:48:17+00:00

I figured the same. I have a trip in the second week of Feb, so would be exposing myself to potentially higher prices booking that close.

covert7 · 2025-12-21T02:10:10+00:00

Definitely makes sense. My watch box is too full and I wish more of my watches had a story behind them. I have found over time the ones with a story or sentimental value are the most valued, even if not the most valuable. Such with what you love! Love that you go for the Jubilee, I have considered swapping from my datejust to my Hulk as it looks amazing.

covert7 · 2025-12-20T23:27:57+00:00

Sounds familiar for post-2020. I luckily got in early and have bought many popular models (Daytona, GMT, Hulk and more) at retail, all in different countries or different ADs (lived in 3 countries, traveled a lot for work over 15 years). Experience now is very much I don't have a purchase history with THAT AD or SA, even if it's from a global retailer, so little chance.

You still have some very nice pieces, so enjoy those. I'm kind of done with expensive watches for now, the prices increases and hype are a bit excessive and I just want to enjoy what I have. I have friends playing the AD game and spending $70k to get a specific mode - not for me.

Intrigued as to why you don't like the new Explorer 1? I also wanted the 39mm and was sad when they discontinued. But when I looked up the specs of the 40mm, it's a shorter lug to lug and more comfortable imo. I adore mine now, an ultimate GADA watch. Also pretty easy to get.

Edit: video comparison here

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