Bluesky Social Platform Shifts Focus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2026
0mins
Source: CNBC
- User Growth Challenge: Bluesky's global user count stood at 43 million as of March, but with only 10% of X's 450 million users, it faces significant challenges in user acquisition that could impact its future market competitiveness.
- Active User Decline: The platform's daily active users have plummeted from 1.4 million at the end of 2024 to around 600,000 today, marking a 40% drop, indicating severe challenges in user retention and engagement that require effective measures to reverse the trend.
- Need for Modernization: COO Rose Wang emphasized the necessity for Bluesky to modernize its video features, particularly upload speeds and video length, to meet user demands and enhance competitiveness, presenting both a challenge and an opportunity for growth.
- Advertising Model Exploration: While Bluesky has not ruled out an advertising model, Wang noted that other companies treat advertising too optimistically, suggesting that Bluesky must carefully evaluate the potential impacts of ads to ensure sustainable platform development.
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Analyst Views on RDDT
Wall Street analysts forecast RDDT stock price to rise
22 Analyst Rating
14 Buy
8 Hold
0 Sell
Moderate Buy
Current: 165.950
Low
207.00
Averages
260.00
High
325.00
Current: 165.950
Low
207.00
Averages
260.00
High
325.00
About RDDT
Reddit, Inc. operates a social platform, Reddit. Reddit is a community of communities. It is built on shared interests, passion, and trust and is home to open and authentic conversations on the Internet. Reddit is a global, digital city where anyone in the world can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs, and find belonging. Reddit has thousands of communities, endless conversations, and authentic human connections. Communities on Reddit are organized based on specific interests and are called subreddits. Reddit offers real-time access to evolving and dynamic topics, such as sports, movies, news, fashion, and the latest trends. On Reddit, users can submit, vote, and comment on the topics they care about. It has approximately 100,000+ active communities and approximately 101+ million daily active visitors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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