Josh Brown Explains Selling Reddit Stock Amidst Google Search Trends Concerns

Josh Brown's Reddit Stock Sale

• 🎯 Josh Brown explains his decision to sell his position in Reddit stock.
• 💡 The sale occurred as the stock rallied with other high-growth tech names in April, following a February sell-off.

Reasons for Selling

• 📊 Despite a great earnings report for Reddit, Brown noted a lack of significant positive market reaction.
• ⚠️ A key concern was the cognitive dissonance between being bearish on Google search trends and Reddit's reliance on high rankings in those searches for revenue.
• 📈 Brown viewed Reddit's prominent placement in Google searches as a significant bullish factor, creating a conflict with his broader bearish outlook on search trends.

Future Outlook

• 📌 Brown states that Reddit is not off his radar and he may re-enter the position in the future.
• ✅ He acknowledges that while he did okay on the trade, he believes he could have performed better.