Reddit Shares Slide as Social Network’s User Growth Slows
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Reddit Inc. shares slumped after fourth-quarter user growth missed Wall Street’s expectations, a sign the newly public company is struggling to keep up with larger digital advertising peers Meta Platforms Inc. and Google.
The company averaged 101.7 million daily active unique visitors in the period, according to a statement Wednesday. That fell short of analysts’ average projection of 103.8 million.