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

Shares of Reddit plunged 29% in Friday’s trade on October 30, falling to $91.30 apiece, after the social networking platform warned that user growth could weaken further in the fourth quarter as declining traffic from Google Search weighs on its audience.

The warning overshadowed the company’s stronger-than-expected third-quarter results. If stock close at the same level, the decline could mark Reddit’s worst single day fall since its stock market debut in March 2024.