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International Business Times
International Business Times
Business

Reddit Did Not Announce Any AI Deals In Its Earnings Report. Its Stock Is Plunging

Reddit Google CNBC
Reddit's stock fell more than 20% on Friday, its largest intraday drop since the company went public. (Credit: Mario Tama/Getty Images)

Reddit's stock fell about 20% on Friday, its largest intraday drop since the company went public.

Yahoo Finance detailed that the drop could largely be explained by the absence of new AI partnerships, something investors were expecting. The company's stock has fallen more than 40% so far this year.

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