BusinessPhoto: Mint MarketsReddit Shares Plunge 29% on Weak Q4 Outlook and Google Search Concerns
Reddit shares fell 29% after the company warned that declining Google Search referrals could cause a low double-digit drop in daily users during Q4. Despite beating third-quarter revenue estimates with a 53% year-over-year increase, Reddit's revenue forecast missed expectations, leading to the sharp stock decline and its worst-ever one-day fall.
Mint Markets·




