fromwww.cnbc.com
2 days agoReddit stock drops almost 6% after Meta launches standalone app for online forums
Forum, launched as a test app on Apple's iOS, is part of Facebook Groups. Analysts at Truist wrote in a note on Friday that it's "an attempt by the company to compete against Reddit as an online forum for public discourse" and "represents a new threat." Reddit's stock is now down almost 40% this year despite a strengthening online ad business.
Online Community Development

