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SNAP · Snapchat
Stable user base, but monetization still lags Meta and TikTok. My AI, Spotlight, and AR are valuation options — the key is whether ARPU conversion can close the gap.
Xiao Fei Hu Lian Wang
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HOOD · Robinhood
Robinhood has evolved from a single-product brokerage into a diversified financial platform spanning equities, crypto, prediction markets, and credit — with every revenue line accelerating.
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RDDT · Reddit
AI data licensing and advertising firing on both cylinders, DAUq hitting record highs — Reddit's valuation story is being rewritten from "ad platform" to "AI data + ads."