Reddit stock tumbles the most on record as lack of new AI deals, US daily users metric disappoints

If anything this shows how totally fucked equity markets are.

• Predicted $732MM revenue, reported $805MM (10% higher than projected)
• Expected 54MM DAU, got 53.2MM (1.5% lower than projected)
• Expected daily users growth of 130.07MM, actual growth 130.3MM (0.2% higher than projected)

So they’re making way more money than expected, but they haven’t sold out their users fast enough so dump the stock?

What it is is proof stocks should not be sold to investors. Should be owned by employees. Coops ftw

Yes but then how will the execs make money

They can think of something on the way down.