The Marked Chart Wire · Series of events
Series of events · Reddit
Reddit shares hit record low after weak user data
Reddit reported lower than expected daily users and cited Google AI for traffic loss, followed by a historic stock drop.
Updated
What happened, in order
Times are Eastern-
Where it began
User count misses
Reddit reported 130.3 million daily active users for the third quarter, missing the 133.53 million estimate.
Read the story -
Turning point
AI traffic cited
The company stated that Google AI tools reduced its traffic and began trialing a mandatory login feature.
Read the story -
Latest
Stock hits record low
Reddit shares fell 29 percent on October 30, marking the largest single-day percentage loss in company history.
Read the story
How they connect
Reddit first disclosed that its third-quarter daily active users missed estimates. The company then attributed the traffic decline to Google AI tools and announced a new login trial, followed by the largest single-day stock drop in its history.
The stocks in this series
Prices from Live · updated 1:54 PM ET. Each tile opens the stock's chart and news.
A series is a short summary of connected news, for learning. Not verified and not advice. Check the full stories before you act.