00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Reddit shares fell 4.3% on Wednesday as tech and AI-related stocks declined with the Nasdaq,
00:09100, according to Benzinga. The company's stock reversed course after a 49% rally over the past
00:15month that pushed it to a new 52-week high following strong second quarter earnings.
00:21Reddit reported $499.6 million in revenue and 21% user growth, driving analyst upgrades and
00:29a bullish third quarter outlook. Reddit's strong 2025 performance has drawn institutional interest.
00:36Tiger Global more than doubled its stake in the second quarter, boosting its position from $341
00:42million to $926 million. For all things money, visit Benzinga.com.
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