Business
Reddit Stock Plummets After Q3 Search Traffic Decline
Reddit's stock price dropped by 30% following the company’s announcement of a significant decline in third-quarter search traffic. The news came after Alphabet experienced a similar market setback due to slower growth at Google.
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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 $9
2026-10-30 18:16 UTC