Reddit Stock Tumbles as CEO Says Google Search Referrals Were 'Choppy,' Pushes Users to Its App
Reddit pushes users beyond Google Search after CEO says referrals turned "choppy," sending shares down 10% after earnings.
Reddit's boss said Google isn't sending as many visitors to Reddit as before, so Reddit is trying to get people to use its own app instead. The stock price dropped because investors worry fewer visitors could hurt the company's money.
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