Reddit Shares Plunge 30% After Company Says Its Q3 Search Traffic Was “Down Meaningfully”
viaDeadline4d ago
A day after Alphabet lost $500 billion in market value due to a slowdown at Google, Reddit stock plunged 30% Friday after the company said its search traffic was “down meaningfully” in the third quarter. Shares in the digital platform, which went public in 2024, were trading at around $90.20 in the…
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