Business & Economy
Reddit’s stock fell 29 percent today following tough earnings.
The company announced yesterday that search traffic was “down meaningfully,” with CEO Steve Huffman saying that Google’s AI-powered search modes don’t “drive traffic.” Today’s stock market fall was its worst since going public in 2024, CNBC reports. Yesterday, Reddit also announced that the platform will soon start requiring users to log in. [Link: Reddit stock plunges 29% after weak outlook, wrapping its worst day ever | https://www.cnbc.com/2026/10/30/reddit-stock-q3-earnings.html | CNBC]
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