Reddit Stock Plunges 27% Year to Date: Should You Avoid RDDT for Now?

Reddit (RDDT) shares have plunged 26.5% in the year-to-date period, underperforming the broader Zacks Computer & Technology sector’s decline of 11% and the Zacks Internet - Software industry’s rise of 5.8%.The underperformance can be attributed to the worsening macroeconomic environment following U.S. President Donald Trump’s decision to levy tariffs on trading partners, including China and Mexico. Intense competition from other social media platforms is consistently affecting user engagement and market sha ...