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Reddit Slides 6% as Meta Unveils Reddit-Competing Forum

5/23/2026

46 7 Full Breakdown

Summary

Reddit Shares Fall

Reddit Inc. shares fell almost 6% on Friday, May 22, 2026, after Meta Platforms launched Forum, an app built around Facebook Groups.
Truist analysts said Forum aims to compete with Reddit and could erode its utility for casual users.
Reddit’s stock is down nearly 40% this year despite a seventh-straight quarter of sales growth topping 60% in April.

Summary

Meta Launches Forum

Meta released Forum on May 22, 2026, silently appearing in the U.S. Apple App Store.
The iPhone-only app is limited to U.S. users and is absent from EU, UK, Australian stores, with no Android version announced.
Meta describes Forum as a space for deeper discussions that sync posts back to the corresponding Facebook groups.
An admin panel shows group-health metrics, which a spokesperson said reflects Meta’s testing-first rollout philosophy.

History

Historical Context

In June 2011 Google launched Google+, its fourth attempt at social networking after Buzz, Friend Connect and Orkut, quickly reaching 10 million users in two weeks and 540 million monthly active users by October 2013. Low engagement and a 2018 data-exposure scandal led to its shutdown in April 2019. Meta’s May 22 2026 Forum debut mirrors that strategy, aiming to draw Reddit traffic while limiting Android availability.

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Reddit Shares Fall

Reddit Inc. shares fell almost 6% on Friday, May 22, 2026, after Meta Platforms launched Forum, an app built around Facebook Groups.
Truist analysts said Forum aims to compete with Reddit and could erode its utility for casual users.
Reddit’s stock is down nearly 40% this year despite a seventh-straight quarter of sales growth topping 60% in April.

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