Reddit's stock dropped 4% even as its daily active users grew 18% year-over-year to 130.3 million and revenue surged 61% to $805 million in Q2 2026. The company also saw a doubling of adjusted EBITDA and strong international growth, with international revenue up 84%. Despite these positive operating results, investors remain cautious due to valuation concerns and the challenge of sustaining growth and profitability. Meanwhile, Meta Platforms showed stability with a slight decline, and Snap's stock rose 1% on improving ad conditions and AI tool developments.
Despite Reddit's reported 4% drop in stock price, on Pluang its shares are up 0.54% at USD 163.24 as of Sep 15, 2026 20:48 WIB. Meta Platforms shows a slight gain of 0.88% with its price at USD 671.46 during the same time. Snap's stock is rising 2.06%, trading at USD 5.94, reflecting positive momentum on the platform.
Stocks of speculative social-media companies Trump Media and Rumble fell 5% following a September inflation report that showed consumer prices rising 3.7% year-over-year, above forecasts. The hotter inflation reading raises concerns about delayed Fed...
Meta Platforms' stock rose 4% following Truist Securities raising its price target to $1,000, the highest on Wall Street, based on early adoption of its AI agent Muse. Snap and Reddit stocks also gained, with Snap up 4% and Reddit 2%, driven by their...
Meta Platforms' stock rose 4% after new data showed its AI agent Muse retains 73% of new users the day after installation, outperforming OpenAI's ChatGPT initially. Snap also gained 3%, while Reddit's stock fell 3%, diverging from its peers. Challeng...
