On October 10, 2025, Reddit, Inc. (RDDT) shares closed at $198.55, down -6.21%, marking a significant decline driven by growing user discontent over recent platform changes and broader market fears related to a potential executive order impacting pharma advertising. The drop was further compounded by investor concerns about competitive pressures from the TikTok US deal and a lackluster response to news of a potential content-sharing pact. Multiple reputable sources, including StocksToTrade and FinancialContent, highlight these factors as key drivers of the sharp price movement.