Reddit's stock drops 15% after the CEO said a Google algorithm tweak hurt traffic
1. Reddit reported 39% user growth but missed analyst expectations. 2. The company's Q4 revenue was $428 million, a 71% increase YoY. 3. CEO stated traffic volatility arose from Google's algorithm change. 4. 92% of revenue is from advertising, crucial for Reddit's business model. 5. AI investments, including licensing deals, aim to enhance user engagement.