The Zhitong Finance App learned that on Friday, the social forum platform Reddit (RDDT.US) opened sharply lower. As of press release, the decline was over 27%, with a cumulative drop of more than 37% in October. According to the news, Reddit announced the third quarter results and fourth quarter outlook. The company's third-quarter revenue was US$895 million, and the market is expected to be US$869.6 million; the company expects fourth-quarter revenue of US$1 billion to US$1.03 billion, which is lower than Wall Street's average forecast of US$1.05 billion.

The Zhitong Finance App learned that on Friday, the social forum platform Reddit (RDDT.US) opened sharply lower. As of press release, the decline was over 27%, with a cumulative drop of more than 37% in October. According to the news, Reddit announced the third quarter results and fourth quarter outlook. The company's third-quarter revenue was US$895 million, and the market is expected to be US$869.6 million; the company expects fourth-quarter revenue of US$1 billion to US$1.03 billion, which is lower than Wall Street's average forecast of US$1.05 billion.