Reddit Stock Drops Post-Earnings

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Reddit CEO Steve Huffman

Insider

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Technology

Reddit's stock drops 15% after the CEO said a Google algorithm tweak hurt traffic

Summary

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82% Informative

Reddit CEO Steve Huffman said the site saw "volatility" in traffic in Q4 due to Google 's algorithm change.

The CEO said the number of Google search queries that include "Reddit" increased, suggesting more users are seeking answers from the thread-based platform.

Reddit saw 39% user growth between 2023 and 2024 .

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Informative language

Neutral language

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semi-formal

Language

English

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not offensive

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