⚡️📉 NEW - Reddit stock got absolutely crushed, dropping 21.84% to $101.50 after its Q4 outlook disappointed investors. And this happened despite a pretty strong Q3: - Revenue hit $895 million, up 53% year-over-year. - Net income jumped 74% to $283 million. EPS reached $1.40, beating expectations of $1.33. Reddit says search referrals have been declining, partly due to Google’s AI-powered search changes. CEO Steve Huffman also warned that daily active users could fall by a low double-digit percentage in Q4 if the trend continues.

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Hofer99's avatar
Hofer99 4 days ago
Fck will it be nice when that liberal cess pool disappears for good.
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