🧬 Interested in pharma, biotech and medical device news? Visit PharmaDeviceNews.com →
Browsing Tag

Reddit Inc.

7 posts
Read More

Reddit (RDDT) crashes 29% despite 53% growth: Can its $18bn valuation survive falling Google traffic?

Reddit shares plunged 29.22% after management warned that declining search referrals could cause a double-digit reduction in daily users during the fourth quarter. Despite 53% revenue growth, $363 million in quarterly free cash flow and an equity valuation now below $18 billion, investors face a difficult question about whether stronger monetisation can offset a potentially structural loss of search-driven traffic.