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Reddit shares plunge 29% on weak Q4 outlook and login requirement test

Source Summary

Reddit shares fell 29% on Friday, marking the company's worst trading day, after it issued weak fourth-quarter sales guidance. The company also announced plans to test requiring users to log in to view content on the platform.

Why it matters

A 29% single-day stock decline represents a material loss of shareholder value and signals investor concern about Reddit's revenue trajectory and user engagement strategy.

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NYSE:RDDTLive chart