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Nextdoor Soars Up to 49% After Eric Jackson Unveils Bullish AI Thesis

A public long call from EMJ Capital’s Eric Jackson reframed the thinly traded app as an AI identity-graph play for retail traders.

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

  • Jackson disclosed a long position and on X cast Nextdoor as an agentic‑AI platform built on a verified network of roughly 100 million households.
  • Shares jumped as much as about 49% in the biggest single‑day move in more than four years, with heavy trading and options activity, before closing well below the intraday high.
  • His post emphasized low effective liquidity and argued Wall Street prices Nextdoor like a local ad business rather than a data‑rich identity graph.
  • Coverage notes Nextdoor relies on advertising and has yet to report a profitable quarter since going public, a backdrop that fuels skepticism about the AI‑driven re‑rating case.
  • Jackson highlighted recent operational fixes under CEO Nirav Tolia, significant insider and board ownership, and shared illustrative valuation scenarios, extending a playbook that previously preceded sharp rallies in Opendoor and Better Home.