Reddit (RDDT) retreated to levels not seen in 18 months a investors focus on a notable slowdown in daily active user growth. Megan Brantley of @LikeFolio shows data from her firm confirming the decline not just in the user base, but also in Reddit's adverting business as Meta Platforms' (META) surges. Reddit closing off its AI ties to Alphabet (GOOGL) is seen as a hindrance on the stock as well, though Megan believes it's a smarter move long-term.
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