RDDT is trading at $144.38 (-4.42%) as software stocks fall on fears that Anthropic's AI workflow tool could disrupt platforms like Reddit.
- The decline follows a strong Q4 earnings beat featuring 70% revenue growth to $726M and a $1B buyback announcement.
- Reddit is bucking the broader market rebound, with the S&P 500 up 0.95% and Nasdaq up 0.72%.
- Selling pressure persists from sector rotation and prior analyst growth concerns.