
CosmicTaco
Reddit Stock Falls 15% Amid Google Algorithm Impact
- Reddit's stock dropped over 15% after reporting Q4 user growth below analyst expectations.
- CEO Steve Huffman attributed traffic volatility to a Google algorithm tweak but noted it didn't impact revenue.
- Despite fluctuations, Reddit saw a 71% revenue increase YoY, driven largely by advertising.
Source: Business Insider
10mo ago
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