FinanceCNBC Techabout 2 hours ago
Reddit stock drops 30% on weak outlook
2 min read
Reddit shares fell 30% Friday, marking the worst day since its 2024 IPO, after projecting fourth-quarter sales between $1 billion and $1.03 billion. CEO Steve Huffman stated search-referral traffic from Google went down meaningfully due to AI, while the company plans to test requiring users to log in to access content.
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