Reddit shares fell almost 6% Friday after Meta launched Forum, a standalone app for online discussions that analysts say could compete directly with Reddit's core business. The stock decline reflects investor concerns that the new app could erode Reddit's user base, particularly among casual users seeking discussion forums and community engagement.
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Reddit shares fell almost 6% Friday after Meta launched Forum, a standalone app for online discussions that analysts say could compete directly with Reddit's core business. The stock decline reflects investor concerns that the new app could erode Reddit's user base, particularly among casual users seeking discussion forums and community engagement.