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Reddit shares fell 4% despite strong user growth; meanwhile, Meta Platforms shares dropped 0.34% to $663.31; Snap shares rose 1% to $5.88, boosted by an improving advertising market.
Reddit's stock fell 4% to $156.49 in Tuesday morning trading, despite its daily active unique users growing 18% year-over-year to 130.3 million, and revenue increasing 61% year-over-year to $805 million. International daily active unique users grew by 28%, and international revenue increased by 84%.
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