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Reddit Surges 6% on Rapid User Growth as Social Ad Fears Ease

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Reddit shares jumped 6% following Piper Sandler data showing user growth accelerated at its fastest pace this year.
  • The data helped ease broader digital advertising slowdown concerns sparked by Pinterest, though an upcoming 20% audience measurement reset and mega-cap ad platform softness capped broader sector gains.
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