Reddit’s U.S. User Growth Slows as Search Algorithm Changes Hit Traffic
SEO headwinds slowed Reddit’s U.S. user growth to 6% in Q2. Global DAUq +18% to 130.3M, revenue beat at $805M, but shares fell.
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Wedbush Adds Reddit to Best Ideas List With $250 Target Ahead of Q2 Earnings
Strong Q2 ads & AI deals expected. DA Davidson Buy at $200. Results July 30.
Reddit Shares Plunge as It Considers Ending Google AI Partnership
Wells Fargo warns of revenue pressure but sees possible long-term upside for the platform.
Letterboxd in Talks for $250 Million Sale as Netflix, Sony, and Paramount Circle the Film Platform
Concerns grow over the platform’s independence as it hits 30 million users.
Meta Quietly Drops Forum App to Challenge Reddit
Meta has quietly released Forum, a Reddit-like app for Facebook Groups. Reddit's stock dropped on fears of new competition from the social media giant.
Reddit Stock Surges After Crushing Q1 Earnings and Raising Q2 Guidance
Reddit beat Q1 expectations, raised outlook, ad revenue and users grew, stock jumped after strong earnings report.