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Reddit shares plunge 28% after announcing logged-in-only access shift amid data protection focus

Market News
30 Oct 2026, 22:51 WIB
PRNewsWire
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Bearish
Reddit shares plunge 28% after announcing logged-in-only access shift amid data protection focus

Reddit's stock fell about 28% following its announcement to shift the platform to a logged-in-only experience, partly framed as a move to enhance data protection and comply with regulations. This change will start with tests in select markets outside the U.S. in Q4, but the company did not disclose specific impacts on user reach or revenue. An investigation is underway to determine if Reddit adequately disclosed the risks of this shift to investors. Shareholders who suffered losses are encouraged to submit their information for potential recovery.

Following the news of Reddit's platform changes and the pending investigation, its stock price on Pluang has dropped significantly. As of Oct 31, 2026 03:02 WIB, Reddit (RDDT) trades at USD 91.64, down 29.34% in one day. The company's market cap stands at $24.93 billion, with an equal split of 50% sell and 50% buy orders and a typical hold time of 28 days on Pluang.

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