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 (Jonathan Vanian/CNBC)

May 23, 2026 - 05:02
Updated: 1 month ago
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A financial chart shows Reddit shares dropping over 5 percent on Friday after Meta launched its Forum app.

Jonathan Vanian / CNBC:
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 …

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Christopher Holloway

Christopher Holloway is the founder and director of Progressive Robot, a UK-based technology company. A full-stack engineer with more than two decades of experience, he works across PHP development, ecommerce, Linux infrastructure, technical SEO and AI automation, and writes here on technology, AI, hardware and software.

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