VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

Meta Platforms, Inc. vs Reddit, Inc.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Meta Platforms, Inc.

META · Nasdaq Global Select Market

Market cap (USD)$1.5T
Gross margin (TTM)81.9%
Operating margin (TTM)41.2%
Net margin (TTM)32.8%
SectorCommunication Services
IndustryInternet Content & Information
CountryUS
Data as of2026-06-02
Moat score
89/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Meta Platforms, Inc.'s moat claims, evidence, and risks.

View META analysis

Reddit, Inc.

RDDT · New York Stock Exchange

Market cap (USD)$29.7B
Gross margin (TTM)91.4%
Operating margin (TTM)25.1%
Net margin (TTM)28.6%
SectorCommunication Services
IndustryInternet Content & Information
CountryUS
Data as of2026-05-01
Moat score
67/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Reddit, Inc.'s moat claims, evidence, and risks.

View RDDT analysis

Comparison highlights

  • Moat score gap: Meta Platforms, Inc. leads (89 / 100 vs 67 / 100 for Reddit, Inc.).
  • Segment focus: Meta Platforms, Inc. has 2 segments (99.3% in Family of Apps (FoA)); Reddit, Inc. has 2 segments (93.6% in Advertising).
  • Moat breadth: Meta Platforms, Inc. has 6 moat types across 2 domains; Reddit, Inc. has 5 across 3.

Primary market context

Meta Platforms, Inc.

Family of Apps (FoA)

Market

Global digital advertising, with emphasis on social media platforms

Geography

Global

Customer

Consumers and advertisers

Role

Two-sided platform (attention + ad auction)

Revenue share

99.3%

Reddit, Inc.

Advertising

Market

U.S. social media and community-platform digital advertising

Geography

United States-led, with global Reddit ad inventory and international expansion

Customer

Brands, agencies, performance advertisers, and small and midsize businesses

Role

Owned media platform, ad inventory publisher, contextual data owner, and self-serve/managed ad platform

Revenue share

93.6%

Side-by-side metrics

Meta Platforms, Inc.
Reddit, Inc.
Ticker / Exchange
META - Nasdaq Global Select Market
RDDT - New York Stock Exchange
Market cap (USD)
$1.5T
$29.7B
Gross margin (TTM)
81.9%
91.4%
Operating margin (TTM)
41.2%
25.1%
Net margin (TTM)
32.8%
28.6%
Sector
Communication Services
Communication Services
Industry
Internet Content & Information
Internet Content & Information
HQ country
US
US
Primary segment
Family of Apps (FoA)
Advertising
Market structure
Oligopoly
Oligopoly
Market share
26%-27% (estimated)
1.2%-1.5% (implied)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
89 / 100
67 / 100
Moat domains
Network, Supply
Network, Demand, Legal
Last update
2026-06-02
2026-05-01

Moat coverage

Shared moat types

Two Sided NetworkData Network Effects

Meta Platforms, Inc. strengths

Direct Network EffectsEcosystem ComplementsCapex Knowhow ScaleLearning Curve Yield

Reddit, Inc. strengths

Reputation ReviewsContent Rights CurrencyLong Term Contracts

Segment mix

Meta Platforms, Inc. segments

Full profile >

Family of Apps (FoA)

Oligopoly

99.3%

Reality Labs (RL)

Quasi-Monopoly

0.7%

Reddit, Inc. segments

Full profile >

Advertising

Oligopoly

93.6%

Content Licensing and User Products

Competitive

6.4%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

View expansion-stage stocks

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.