
Almost exactly two years removed from its initial public offering (IPO), Reddit (NYSE: RDDT) is proving to be one of the hardest hit mid-cap stocks of the year.
The pain began last October, when news broke that ChatGPT was reducing its reliance on Reddit for sourcing content for generative responses. Then, the Q4 2025 tech stock sell-off, which spilled over into 2026, compounded those losses.