Reddit stock slides after-hours as ‘mixed’ ad checks sting, Digg reboot adds fresh noise
Reddit shares fell 9.4% to $228.75 in after-hours trading Thursday after RBC flagged weak ad conversion rates and mixed demand from small-business agencies. CFO Andrew Vollero sold nearly $1.04 million in stock this week under a pre-arranged plan. Reddit will report Q4 earnings on Feb. 5. Digg relaunched in open beta Wednesday, led by Kevin Rose and Reddit co-founder Alexis Ohanian.