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13h ago

Nextdoor Soars After Eric Jackson Unveils Bullish AI Thesis

His pitch recasts the neighborhood app as an agentic‑AI bet built on a verified household identity graph.

FILE – A Nextdoor sign is shown in a window at an office in San Francisco, May 11, 2016. Nextdoor is laying off 25% of its full-time staff as the neighborhood-focused social network company works to cut costs. The job eliminations are part of a larger cost reduction plan that aims to slash Nextdoor’s current personnel expenses by up to $60 million annually, according to a third-quarter financial report from the company. (AP Photo/Jeff Chiu, File)
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Overview

  • Shares jumped as much as 49% in early trading Wednesday, closed up about 26% at $2.53, and then rose further in after-hours trading to roughly $2.95, according to Benzinga.
  • Eric Jackson disclosed a long position and labeled Nextdoor “The Most Mispriced Agentic‑AI Platform of the 2020s” in a detailed thread on X.
  • Jackson argued that Nextdoor’s verified identity graph covering more than 100 million households positions it for AI-driven products and services.
  • He emphasized the stock’s thin liquidity—about 2 million shares traded daily on a roughly 224 million-share float—as a factor that can accelerate price swings.
  • Coverage notes Nextdoor remains an advertising-centric, unprofitable company since its 2021 listing, with the surge characterized as a retail-driven, meme-style move similar to rallies Jackson previously influenced in Opendoor and Better Home & Finance.