On October 29, Reddit shares fell significantly after the company issued weak financial guidance for the upcoming period. This decline occurred despite the company's earnings results exceeding analyst estimates prior to the release of the disappointing outlook. The weak guidance ultimately overshadowed the positive earnings beat, leading to the drop in share price.
Reddit shares extended their slide to 30% on October 30, 2026, marking a record daily loss as AI search features from Google impact user traffic.
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