Reported 1 day ago
Reddit's stock has fallen approximately 23% since last week's earnings report, marking a significant drop after a previous six-month rally. Despite surpassing earnings estimates, the decline in daily active users due to a Google Search algorithm change has impacted the stock adversely. CEO Steve Huffman indicated a recovery in traffic, but shares continued to decline, exacerbated by a large stock sale and inquiries into the platform's user policies.
Source: YAHOO