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RDDT
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188 days

Reddit Stock Tumbles as User Growth Misses Expectations

1. Reddit's Q4 earnings surpassed estimates, with $427.7 million revenue. 2. Net income rose to $71 million, beating expectations. 3. Daily active users were 101.7 million, below analyst forecast of 103.24 million. 4. Q1 revenue is projected $360-$370 million, exceeding last year's $243 million. 5. Stock fell 15% post-earnings despite significant prior gains since IPO.

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FAQ

Why Bearish?

Earnings beat was overshadowed by disappointing user growth, akin to past tech stock reactions.

How important is it?

The earnings report impacts investor perception and future growth outlook for RDDT.

Why Short Term?

Immediate stock reaction indicates potential for recovery over time, but risks persist.

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