Reddit (NYSE: RDDT) shares fell nearly 30% on Friday, October 30, 2026, after the social media platform reported weaker-than-expected user growth and issued a fourth-quarter revenue forecast below Wall Street estimates.

The stock traded around $90.21, down 30.4% during Friday’s session, putting it on course for its largest daily loss since going public in 2024.

• Reddit shares plunged approximately 30% on October 30, marking their biggest single-day decline since the company’s 2024 IPO.
• Google’s AI-powered search is reducing referral traffic, while Reddit warned that daily active users could decline by a low double-digit percentage in Q4.
• Reddit plans to introduce mandatory logins, initially testing the change…