Reddit $Reddit(RDDT.US) is heading for its worst day ever, down as much as 29% to about $91
The selloff is wiping out more than $7 billion in market value and puts the stock at its lowest close since April 2025The quarter itself was strong. Revenue jumped 53% to $895M and EPS came in at $1.40, both ahead of estimatesThe problem is what comes next. Q4 revenue guidance of $1.00B to $1.03B came in below the $1.05B Wall Street wantedReddit says Google's AI search is sending it far fewer clicks, and warned daily active uniques could fall by a low double digit percentage in Q4 if referral traffic keeps slidingIt now plans to test making the site logged in only, a huge shift for "the front page of the internet"This is the AI search fear in real time. $Alphabet(GOOGL.US) just had its worst day ever on the same worry, and now the sites that live on Google traffic are getting repriced too. The real test for $Reddit(RDDT.US) is whether it can turn search visitors into logged in daily users before the traffic dries upSource: StockMarket.News


