Reddit, Inc. (RDDT) shares closed at $225.36, dropping 2.45% amid widespread market risk-off sentiment driven by escalating geopolitical trade threats that prompted investors to shed volatile tech stocks.
- The decline mirrored the broader market sell-off, with the Nasdaq Composite tumbling 2.30% following President Trump's trade threats against European allies.
- The stock faced additional pressure due to analyst concerns regarding a challenging outlook for the company's small- and medium-sized business advertising segment.