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Reddit Stock Slides Below Key Level Amid Chatter About ChatGPT-Driven Traffic
RedditReddit(US:RDDT) Investors·2025-10-02 01:13

BREAKING: ADP Reports Surprise Drop In Private Jobs Reddit (RDDT) stock slid more than 10% on Wednesday, diving below its 50-day moving average, on questions about its ability to garner site traffic from the popular ChatGPT. RBC Capital analyst Brad Erickson said in a Wednesday client note that "data showing declining DAU's (daily active users) on a (trailing 30-day average) is making the rounds on social media this morning and weighing on the stock, along with other third-parties flagging that Reddit's cit ...