Reddit shares plunge after Google algorithm change contributes to miss in user numbers
Publishing timestamp: 2025-02-12 21:08:56
Summary
Reddit shares fell over 15% after reporting weaker-than-expected user numbers in the fourth quarter. Despite this, the company had a strong quarter overall and provided optimistic guidance for the future.
Sentiment: NEGATIVE
Tickers: SNAP, MSFT, PINS, RDDT, AMZN, META, GOOGL,
Keywords: amazon.com inc, business news, mobile, social media, breaking news: technology, technology, microsoft corp, meta platforms inc, reddit inc, snap inc, internet, pinterest inc,
Source: https://www.cnbc.com/2025/02/12/reddit-rddt-q4-2024.html