☕ Shitlord 10000's avatar
☕ Shitlord 10000
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ℹ️ This user is a suspected inflatable doll. The Artist formerly known as George Carlin. Lulzmaxxer by trade. Milwaukee Supremacist. Hobbyist mortician. Misoginyst. Necrophiliac. Autist. Jedi (currently on hiatus). Wanted by the FBI for spamming dick pics to their execs.
What happened: Reddit (RDDT) stock plunged as much as 30% on Friday following the company's quarterly results. Roblox (RBLX) and Pinterest (PINS) also saw their shares decline 20% and 7%, respectively, following their earnings reports. What's behind the move: Reddit posted weaker-than-expected daily active users in the third quarter and issued a current-quarter revenue forecast that fell short of Wall Street estimates. Wall Street also assessed the discussion platform's plan to only allow access to forums to logged-in account holders. Reddit said it will start testing login requirements during the fourth quarter across select international markets before rolling out the change worldwide.
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