Reddit (RDDT) stock price slides as Wall Street fades $1 billion buyback and AI ad push
Reddit shares fell 8.3% to $138.44 Friday afternoon, reversing an earlier 13% gain despite forecasting Q1 revenue above estimates and authorizing up to $1 billion in buybacks. The stock swung between $170.74 and $138.37 after Reddit reported Q4 revenue up 70% to $726 million and daily active users up 19% to 121.4 million.