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Chronicles

The story behind the story

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Reddit stock fell 5%+ on Friday after Meta launched a standalone app for online forums, called Forum; Reddit's stock is now down almost 40% this year

Reddit shares fell about 6% on Friday on concern that a new app from Meta called Forum could create an alternative avenue for internet users …

CNBC Jonathan Vanian

Discussion

  • @millsbaker Mills Baker on x
    Just yesterday I mentioned FB's habit of spinning out (and later reintegrating) products! Features like Groups are bigger than many companies, easily justify their own apps, but also pale compared to “the overall platform” and get reabsorbed later.
  • r/ValueInvesting r on reddit
    Reddit stock drops 6% after Meta launches standalone app for online forums
  • r/technology r on reddit
    Reddit stock drops 6% after Meta launches standalone app for online forums / Reddit's stock is now down almost 40% this year despite a strengthening online ad business
  • r/InterstellarKinetics r on reddit
    BREAKING: Meta Quietly Launches A Reddit-Like App Called Forum, That Lets Users Post Anonymously In Facebook Groups, And Reddit Stock Immediately Falls 6% …
  • @milkkarten Rachel Karten on x
    interest-based algorithms have rooted out the “social” in social media so now those same platforms are creating new apps to address problems of their own making
  • r/technology r on reddit
    Meta quietly released a new Reddit-like app called Forum
  • r/redditstock r on reddit
    Meta quietly released a new Reddit-like app called Forum