Reddit shares plunged 29% after the company warned that weakening Google Search referrals could drive a low double-digit decline in daily users during Q4. Its revenue forecast missed expectations, overshadowing third-quarter results that beat estimates, with revenue up 53% year over year.
Reddit shares plunged 29% after the company warned that weakening Google Search referrals could drive a low double-digit decline in daily users during Q4. Its revenue forecast missed expectations, overshadowing third-quarter results that beat estimates, with revenue up 53% year over year.
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