Reddit’s stock took a hit after missing user growth targets, but an analyst believes the volatility is a buying opportunity. The company’s shares slid due to Google search fluctuations triggered by an algorithmic change affecting user-growth numbers. This marks the biggest daily percentage decrease since March 28, 2024.
Source: https://www.marketwatch.com/story/reddits-google-traffic-curveball-is-a-buying-opportunity-for-investors-analyst-says-d048cec9