RDDT is trading at $153.83 (-7%) today, extending a multi-day decline as high-growth tech stocks face pressure from disappointing ADP employment figures and hawkish Fed expectations.
- The broader Nasdaq fell 0.74% following news that only 22,000 jobs were added in the latest ADP report, significantly missing the 45,000–48,000 estimate.
- Reddit scheduled its Q4 2025 earnings for February 5 after the market close; while analysts expect strong revenue growth, concerns persist regarding valuation and competition.