Reported 1 day ago
Reddit's stock (NYSE: RDDT) fell by 9.4% amid wider market declines following Walmart's disappointing sales guidance, raising concerns about the economy which could impact Reddit's advertising revenue. The company faces valuation pressures compared to competitors like X (formerly Twitter), which is garnering attention with its own funding efforts. Analysts recommend caution for potential investors as Reddit's performance may not meet growth expectations.
Source: YAHOO