RDDT is trading at $140.05 (-4.80%) as a broader market selloff and a probe into the company's directors weigh on shares.

  • Major indices are retreating, with the S&P 500 down 1.98% and Nasdaq down 2.07% amid escalating U.S.-Israel-Iran tensions and fears of a Strait of Hormuz closure.
  • Reddit faces additional pressure from a probe into its directors for a potential fiduciary breach following a $19.5M UK fine over children’s data privacy.