flash on Nostr: ⚡️📉 NEW - Reddit stock got absolutely crushed, dropping 21.84% to $101.50 ...
⚡️📉 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.
Published at
2026-10-30 11:07:27 UTCEvent JSON
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"content": "⚡️📉 NEW - Reddit stock got absolutely crushed, dropping 21.84% to $101.50 after its Q4 outlook disappointed investors.\n\nAnd this happened despite a pretty strong Q3:\n\n- Revenue hit $895 million, up 53% year-over-year.\n- Net income jumped 74% to $283 million.\nEPS reached $1.40, beating expectations of $1.33.\n\nReddit says search referrals have been declining, partly due to Google’s AI-powered search changes.\n\nCEO Steve Huffman also warned that daily active users could fall by a low double-digit percentage in Q4 if the trend continues. \nhttps://blossom.primal.net/9348d98034bb6f64b5de26b7842b1412cd4696c964aee25ee4681ea2630a82a5.jpg\nhttps://blossom.primal.net/124875d47dc7b5af5b9c99f4aec8b8bb409b1f796d182373783ffa68711403c8.jpg",
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