Reddit just beat its numbers. Its stock fell 20% anyway, because of Google.

Reddit just had a blockbuster quarter. Revenue rose 61% to $805 million. Profit more than doubled. Daily users climbed 18%. Then the stock fell more than 20%. The numbers were not the problem. Google was. Investors looked past the beat and fixed on one line from CEO Steve Huffman: search referrals had been “choppy.” Reddit’s […]
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