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Home›Global Markets›North America›Reddit shares crash 29% after weak Q4 outlook, Google…

Reddit shares crash 29% after weak Q4 outlook, Google search traffic concerns; set for worst-ever 1-day fall

Reported · Written up by our desk · North America

Reddit shares plunged 29% after the company warned that weakening Google Search referrals could drive a low double-digit decline in daily users during Q4. Its revenue forecast missed expectations, overshadowing third-quarter results that beat estimates, with revenue up 53% year over year.

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LiveMint MarketsReddit shares crash 29% after weak Q4 outlook, Google search traffic concerns; set for worst-ever 1-day fall

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