this post was submitted on 31 Jul 2026
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First off, that's a difference of 0.8M, not 1.8M. So you've got that significance overestimated by more than 100%.
The stock dropped 22%, which a metric missed by 1.48% does not at all explain. I don't think it's substantial at all. They essentially hit the target. Meanwhile revenue was $70M more than expected, which would be the main value of users anyways (aside from data selling, but then of course we get into the other factor...) So how does that possibly equate to 22% price drop? It could only be because the AI partnerships were essentially the only concern. Hence why I said the only value was human UGC. Because AI corps aren't willing to pay for that UGC, Reddits value plummets.
I'm talking about the annoying trend of stock market articles to try to explain things that hardly make sense. It's trying to make it sound like reddit's user count is in trouble when it's clearly not.