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Reddit Stock Plummets 4.6% Amid User Growth Concerns

5/21/2025

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Summary

Story summary

Reddit's stock took a hit, dropping 4.6% to $107.99 after Wells Fargo downgraded its rating, raising alarms over user growth amid changes to Google's search algorithm. Although the company reported solid earnings, the slowdown in daily active users has investors worried, contributing to a staggering 34% decline in stock value this year after a robust 2024.

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Story summary

Reddit's stock took a hit, dropping 4.6% to $107.99 after Wells Fargo downgraded its rating, raising alarms over user growth amid changes to Google's search algorithm. Although the company reported solid earnings, the slowdown in daily active users has investors worried, contributing to a staggering 34% decline in stock value this year after a robust 2024.