markets
RDDT -8.50% — Breaking
By SNF Research · Independent market intelligence from Sunday Night Futures LLC
RDDT crushed after hours, down 8.5% to $170.38.
Reddit dropped from $185.84 despite Google posting a cloud-driven earnings beat and raising capex forecasts — a setup that should have been tailwinds for ad-dependent platforms. The selloff suggests either guidance disappointment or a rotation out of high-multiple consumer internet. Broader risk-off tone confirms it: COIN -5.22% to $166.12, SOFI -3.34% to $17.07, IWM -1.15% to $293.79.
Watch: $168 as the first technical floor — a break opens a run toward $160. Also watch Google's ad revenue commentary on the call; any softness in search monetization signals more RDDT pain at tomorrow's open.