Reddit’s stock logs its biggest one-day drop ever. It’s not the last of the bad news, analysts say.
Summary
Reddit stock plummeted by a quarter during Friday morning trading following a disappointing revenue forecast. Market experts indicate that further negative developments may lie ahead for the discussion platform.
Reddit’s stock plunged on Friday after the community-discussion forum said its search referral traffic was down significantly in the third quarter.
Source: Read the full story at MarketWatch.com - Top Stories
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