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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

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