Reddit's stock drops 15% after the CEO said a Google algorithm tweak hurt traffic

Reddit CEO Steve Huffman said the site saw "volatility" in traffic in Q4 due to Google's algorithm change.The impact shows how some users still rely on an external search engine to get answers from Reddit.Reddit saw 39% user growth between 2023 and 2024.Reddit's stock dropped more than 15% after hours on Wednesday after the company reported user growth below analyst expectations in its fourth-quarter earnings. The site averaged 101.7 million daily active unique users in the fourth quarter, a 39% year-over-y ...