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Reddit Shares Fall 18% After Hours on Soft Q4 Revenue Guidance

Reddit shares fell 18% after hours after the company gave soft fourth-quarter revenue guidance. CEO Steve Huffman also noted declining referral traffic and announced a transition toward a logged-in-only experience.

RDDT
SquawkNews Desk

Shares of Reddit Inc. (RDDT) dived 18% after hours on Thursday after CEO Steve Huffman noted a decline in referral traffic on the platform and announced a transition towards a logged-in-only experience.RDDT’s Q3 SnapshotFor the third quarter, the online discussion platform posted revenue of $895 mi…

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