https://www.live-feeds.com/feed/reddit-shares-plunge-30-after-company-says-its-q3-search-traffic-was-down-meaningfullyContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/reddit-shares-plunge-30-after-company-says-its-q3-search-traffic-was-down-meaningfullyhttps://www.live-feeds.com/feed/reddit-shares-plunge-30-after-company-says-its-q3-search-traffic-was-down-meaningfully#u172348Tue, 03 Nov 2026 13:36:25 +0000Reddit shares plunged as much as 30% after the company disclosed that third-quarter search traffic dropped meaningfully. CEO Steve Huffman blamed Alphabet unit Google and its AI-powered search features for keeping searchers on Google instead of sending them to external platforms. Alongside the traffic decline, Reddit reported third-quarter revenue grew 53% year over year to $895 million, beating Wall Street expectations. However, the company issued a fourth-quarter revenue forecast of $1.02 billion, which fell short of analyst estimates. To combat the referral drop, the platform announced plan